The Governor of Anambra State, Prof Charles Soludo confirmed on Monday that the Central Bank of Nigeria has asked commercial banks to dispense and accept old naira notes as deposits.
According to the DAILY POST, Soludo who is a former CBN Governor…
As a result of the Supreme Court judgment last week which extended the validity of the Central Bank of Nigeria currency redesign policy to December 31, some banks have started paying out old N500 and N1,000 notes to customers around the country.
Banks…
The Supreme Court of Nigeria on Friday in Abuja nullified the Federal Government’s cashless and Naira re-design policy, declaring it as an affront to the 1999 Constitution.
The Apex Court held that President Muhammadu Buhari breached the Constitution of the Federation in the…
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest rate from 16.5% to 17.5 percent to tame inflation.
The CBN Governor, Godwin Emefiele announced this after the apex bank’s Monetary Policy Committee (MPC) meeting in…