A fresh investigation by the Economic and Financial Crimes Commission (EFCC) has revealed how a former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, allegedly orchestrated the printing of one billion pieces of N100 banknotes and the production of 5,000 pieces of acrylic blocks. According to an investigation by PREMIUM TIMES, the notes and acrylic blocks were …

The Economic and Financial Crimes Commission (EFCC) has arrested and detained controversial cross-dresser, Idris Okuneye (well known as Bobrisky) over abuse of Naira, “spraying” of Naira notes and currency mutilation. Bobrisky, who has been embroiled in several controversies over the past weeks, was arrested in Lagos on Wednesday night, and has since been detained at the Lagos command of the …

The Central Bank of Nigeria (CBN) has issued a fresh directive to all banks and Nigerians regarding accepting old and redesigned Naira notes, according to a statement on Wednesday by its Acting Director of Corporate Communications, Mrs. Sidi Hakama. This is as the Supreme Court ruled also on Wednesday that the old Naira denominations of N200, N500 and N1,000 notes continue …

The Central Bank of Nigeria (CBN) has instructed all its branches nationwide to continue issuing various denominations of both old and redesigned banknotes in ample quantities to deposit money banks. The apex bank disclosed this in a statement signed by its Director, Corporate Communications, Mr. Isa AbdulMumin, and posted on its X handle on Wednesday. This comes in response to …

The Central Bank of Nigeria (CBN) has said that there are no plans to phase out the redesigned Naira notes from circulation, according to a statement on Sunday by its Acting Director of Corporate Communications, Isa AbdulMumin. The statement was a reaction to a viral news on social media that the apex bank was contemplating the withdrawal of the recently redesigned …

The Central Bank of Nigeria (CBN) said it has released more old notes to Deposit Money Banks (DMBs) as it steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made life difficult for millions of Nigerians and residents. Last Thursday, the CBN had begun the release of billions of Naira to DMBs. …

The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till 10 February. Before the CBN Governor, Mr Godwin Emefiele made the announcement in a statement on Sunday, the initial deadline was Tuesday, 31 January. The regulatory bank said it added a 10-day extension of the deadline “to allow for the collection of …

With nine days to the deadline for the easing out of the old Naira notes in place of the redesigned ones, the Central Bank of Nigeria (CBN) has said that it would launch a cash swap programme on Monday. According to the regulatory bank, the programme would enable the rural population and those with limited access to formal financial services …

President Muhammadu Buhari on Wednesday unveiled the re-designed Naira notes as proposed by the Central Bank of Nigeria (CBN). On Tuesday, CBN Governor, Mr Godwin Emefiele had said that the President would unveil the newly designed N1,000, N500 and N200 notes. The unveiling marks the first time in 19 years that Nigeria would redesign its currency notes. Last month, Emefiele …

The Central Bank of Nigeria (CBN) has said that it followed due process in the policy to redesign some Naira notes. This is in apparent response to Friday’s comment by the Minister of Finance, Budget and National Planning, Dr Zainab Ahmad that her ministry was not aware of the policy. The CBN said the policy is indeed 12 years due. CBN’s …