Nigerians can now confirm the location of their polling units through SMS, ahead of the forthcoming general election. In a statement on Friday, Mahmood Yakubu, chairperson of the Independent National Electoral Commission (INEC), said the commission has introduced technological innovations to make voting more credible and result management more transparent. …
We Did Not Authorise Commercial Banks to Collect Old Notes -CBN The attention of the Central Bank of Nigeria has been drawn to some fake and unauthorized messages quoting the CBN as having authorized the Deposit Money Banks to collect the old N500 and N1,000 Banknotes. For the avoidance of doubt, and in line with…
The Council of State has thrown its weight behind the Naira Redesign policy of the Central Bank of Nigeria (CBN), with an advice for the apex bank governor, Godwin Emefiele, to make new Naira notes available or recirculate old banknotes to ease the suffering of Nigerians. Speaking with State House correspondents after at the…
The Kaduna State Governor, Nasir El-Rufai, has accused the Central Bank of Nigeria (CBN) of printing only N300 billion new redesigned naira notes after mopping up over N2 trillion of the old naira notes. He said that APC governors under the aegis of the Progressive Governors’ Forum (PGF) have asked President Muhammadu Buhari to prevail…
The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till February 10. Advertisement CBN Governor, Godwin Emefiele, announced the extension in a statement signed on Sunday. Details shortly… Advertisement
The Department of State Services (DSS) on Monday interrogated the Deputy Governors of the Central Bank of Nigeria and officials of the Federal Inland Revenue Service (FIRS) who appeared before its operatives in Abuja, SaharaReporters has gathered. SaharaReporters learnt on Tuesday that despite the inability of the DSS operatives to pick up the embattled…
Some commercial banks in Abeokuta, the Ogun State capital, appear to have disobeyed the Central Bank of Nigeria (CBN) as they loaded their Automated Teller Machines (ATM) with old Naira notes. Truetells Nigeria recalls that the CBN had earlier directed that from January 9, ATMs should start dispensing the new N200 notes as the highest…
The Central Bank of Nigeria (CBN) has mandated deposit money banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate bodies do not surpass N100, 000 and N500, 000, respectively, per week. This is contained in a circular issued today by the apex bank and will take effect nationwide…
The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has slammed the decision of the Central Bank of Nigeria (CBN) to redesign the naira. Truetells Nigeria reports that the governor of the CBN, Godwin Emefiele, had on October 26 announced the plan to redesign the naira notes to control the money supply and…
Central Bank of Nigeria has raised the Monetary Policy Rate (MPR), which measures interest rate, to 15.5 percent from 14 percent to tame rising inflation. CBN Governor, Godwin Emefiele, made this known on Tuesday after a Monetary Policy Committee meeting in Abuja. Emefiele said, “The committee voted unanimously to raise the MPR…The MPC voted to…
