Online News Magazine
Online News Magazine
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has capitulated to the ruling of the Supreme Court that old N200, N500 and N1000 notes remain legal tender till 31 December, 2023. Emefiele did not yield to the apex court’s order given on March 3rd until he and the Attorney General of the […]
The Nigeria Deposit Insurance Corporation (NDIC) has warned bank customers and the public against displaying their bank details saying fraudsters were becoming more creative. The NDIC on its official website on Friday gave out four tips for bank customers to safeguard their accounts. The Corporation said that customers should ensure that their phones had a […]
The Acting Director, Corporate Communications Department, Central Bank of Nigeria (CBN), Alhaji Isa Abdulmumin, has declared that old N500 and N1000 notes are now legal tender. Speaking on Tuesday, Abdulmumin was quoted as saying that though the CBN has not made an official statement, the old naira notes remain legal tender with the Supreme Court […]
Four days after the celebrated judgement ordering that old N200, N500, and N1,000 notes remain in circulation till December 31, 2023, the Federal Government and the Central Bank of Nigeria (CBN) are yet to make official statements in favour or against the judgement. However, our correspondents who went across Lagos and other parts of the […]
Four days after the celebrated judgement ordering that old N200, N500, and N1,000 notes remain in circulation till December 31, 2023, the Federal Government and the Central Bank of Nigeria (CBN) are yet to make official statements in favour or against the judgement. However, our correspondents who went across Lagos and other parts of the […]
Following the Supreme Court judgment, which extended the validity of the Central Bank of Nigeria (CBN) currency redesign policy to December, 31, 2023, some deposit money banks have started paying out the old notes. Checks show that some commercial banks in Lagos, Kaduna, Kano and Abuja have commenced paying out the old N500 and N1,000 […]
The Central Bank of Nigeria (CBN) has put the total money disbursed under its Anchor Borrowers Programme (ABP) at N1. 079 trillion as of February 28, 2023, of which N0.960 trillion was due for repayment. The bank stated that the balance of N0.119 trillion was not due for repayment, adding that it remains committed to […]
The Central Bank of Nigeria (CBN) has appointed Alhaji Isa Abdulmumin as the Acting Director of the Corporate Communications Department of the bank. Abdulmumin is taking over from Osita Nwanisobi as head of the Corporate Communications Department following his retirement from service on Friday. Abdulmumin, a Deputy Director, has been in the Corporate Communications Department […]
More sufferings await Nigerians in their quest to deposit their old naira notes of N500 and N1000 denominations which the Central Bank of Nigeria (CBN) had declared illegal tender. Reason being that fraudsters commonly called yahoo boys have generated their own fake CBN portals in order to hack into accounts of people wanting to return […]
Head of Investment Research, Parthian Securities, Oluwaseun Dosunmu has expressed confidence in the Nigerian equities market notwithstanding the uncertainties surrounding the 2023 elections. According to him, the equities market dominated by domestic investors would remain resilient this year despite the trend of a market dip which usually occur in an election year. Dosunmu said this […]
