Business

Old naira notes: Banks paying not more than N5,000 to customers in Rivers

By Editor 14/03/2023 0

PORT HARCOURT- Commercial banks in Port Harcourt, the Rivers State capital, have started paying out the old naira notes to their customers in line with the directive of the Central Bank of Nigeria (CBN). LEADERSHIP, however, observed that majority of the banks were paying a maximum of N5,000 of the old naira notes to their […]Continue Reading

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Naira: Banks pay customers with old N500, N1000 notes

By Editor 06/03/2023 0

FOLLOWING the Supreme Court judgment, which extends the validity of the Central Bank of Nigeria (CBN) currency redesign policy to December, some deposit money banks have started paying out the old note, News Point Nigeria gathered. Checks by this newspaper showed that some commercial banks in the City of Kano and Abuja have commenced paying […]Continue Reading

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Old naira notes to remain legal tender till December — Supreme Court rules

By Editor 03/03/2023 0

ABUJA – The Supreme Court has ruled that the old N200, M500 and N1000 notes are to remain in circulation till December 31, 2023. The apex court gave the judgement on Friday morning in a suit brought by 16 States Government against the Federal Government. It held that the position of the Federal Government on […]Continue Reading

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Tinubu support group exchanges new naira notes for old ones

By Editor 22/02/2023 0

ABUJA – support group of the ruling All Progressives Congress (APC) under the aegis of Tinubu Mobilisation Squad embarked on the collection of old naira notes and giving out of new notes to members of the public. In a viral video seen by the media, the promoters said the initiative was aimed at providing succour […]Continue Reading