CBN

The Central Bank of Nigeria has directed commercial banks to dispense and receive old naira notes as legal tender across the country.

I agree with the 9th plaintiff that the 1st defendant is not entitled to be heard by this court when it has effused to respect the authority of this court and the authority of law from which the authority of the President and the government of Nigeria derives. “The rule of law upon which our democratic governance is founded becomes illusory if the President of the country or any authority or person refuses to obey the orders of courts. It is not in dispute that the 1st defendant refused to obey the said order. Their silence has emboldened Nigerians and businesses to reject the old notes as legal tender. Interestingly, there is nothing to show the implementation of even that directive. Other justices that sat on the case are Emmanuel Agim, Amina Augie, Mohammed Garba, Ibrahim Saulawa, Adamu Jauro and Tijanni Abubakar.

The Central Bank of Nigeria (CBN) on Monday says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023.

The Central Bank of Nigeria (CBN) has restored the old 200, 500 and 1000 naira notes to remain as legal tender until December 31, 2023.

The CBN has no reason not to comply with court orders on the excuse of waiting for directives from the President,” Presidential spokesman Garba Shehu said in a statement. Earlier on Monday, the Presidency said the CBN does not need a directive from President Muhammadu Buhari to comply with the Supreme Court order to extend validity of old naira notes till December 2023. “In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court ruling of March 3, 2023,” Abdulmunin said.

The Central Bank of Nigeria (CBN) on Monday directed commercial banks to dispense and receive the old N200, N500, N1000 bank notes. The bank said the notes ...

A seven-member panel of the court, led by John Okoro, unanimously ordered the CBN to continue receiving the old notes from Nigerian citizens. Good journalism costs a lot of money. The bank’s directive comes after the Supreme Court ruled that the CBN must extend the use of the old banknotes until 31 December due to the negative impact of the policy on Nigerian businesses and households.

Governor Douye Diri of Bayelsa State has urged the Federal Government and the Central Bank of Nigeria (CBN) to obey the Supreme Court...

We will not condone any illegal or discriminatory practice that will lead to a breakdown of law and order in the state.” “I know this situation has inflicted severe hardship on many of us. “If this has to do with our own constitutional authority as a state government, we will do it. “Clearly, when the Supreme Court has ruled on a matter, it is final. My thoughts and prayers are with those who have been directly or indirectly affected by the adverse consequences of the implementation of the naira redesign and currency swap policy of the Federal Government.” He, however, noted that the lack of direction by the Federal Government and CBN had hampered the implementation of the Naira redesign policy and the ruling of the highest court of the land.

Ƴan Najeriya na ci gaba da bayyana ra'ayoyinsu game da sabon umarnin Babban Bankin ƙasar CBN na cewa al'umma na iya ci gaba da amfani da tsofaffin takardun ...

Ya dai mayar da martani ne kan saƙon da CBN ya wallafa na sanar da sabon umarnin ci gaba da amfani da tsofaffin takardun kuɗin inda Gimba ya yi martani da cewa "Suna ina? Wani da BBC ta yi hira da shi ya ce "na zo banki karɓar kuɗi, na yi farin ciki na zo na ga ana bayar da tsofaffin kuɗi, kuma na karɓa na yi murna, da ba za a karɓa ba, banki ba za su bayar da tsofaffin kuɗi ba." Shi ma Gimba Kakanda, wani fitacce ne s shafin Tuwita. An kai wa bankuna hari. Aisha Abubakar wata malama ce da ke amfani da shafin na Tuwita inda kuma ta yi tsokaci da cewa "Duk da cewa CBN ya ba da kai ga umarnin Kotun Ƙoli, ina fargabar za mu ci gaba da shan wahala wajen samun kuɗi saboda ba duka kuɗaɗen da aka karɓa ba za a sake mayar da su domin ci gaba da hada-hada da su". Shi kuwa, Dipo Awojide a shafin na Tuwita cewa ya yi "A ƙarshe dai Gwamna El-Rufai da Gwamna Yahaya Bello na Kogi da sauran gwamnonin da suka ƙalubalanci CBN sun yi nasara, amma dai mai faruwa ta faru.

Babban Bankin Najeriya (CBN) ya ce a yanzu al'ummar kasar za su iya ci gaba da amfanin da tsofaffin takardun kudi na naira 200, da 500 da kuma 1000.

“Bugu da kari, CBN ya gana da kwamitin harkokin bankuna, kuma bayan haka ya yi umarni da a ci gaba da amfani da tsofaffi da kuma sababbin takardun kudi na naira 200, da 500 da kuma 1,000 har zuwa 31 ga watan Disamban 2023.” Babban Bankin Najeriya (CBN) ya ce a yanzu al’ummar kasar za su iya ci gaba da amfanin da tsofaffin takardun kudi na naira 200, da 500 da kuma 1,000. CBN ya ce a ci gaba da amfani da tsofaffin takardun kudi

Ụlọakụ etiti nke Naịjirịa ekwuola na ha ga-erube isi na mkpebi ụlọikpe kachasị gbasara mweghachite ego naịra ochie.

E mechara dọtịaoge ha ha tinyere maka ịkwụsị iji ego naịra ochie atụ mgbere ahịa ruo ụbọchị 10 nke ọnwa Febụwarị. Anyị ga-ekpesa ụlọakụ dị otu a n'aka CBN ma mechikwaa ya bụ ụlọakụ n'egbughị oge ọbụla." Ụlọikpe kachasị nyere iwu a dịka ndị gọvanọ steeti 15 na Naịjirịa kpụpụrụ gọọmentị etiti nakwa ụlọakụ etiti ụlọikpe gbasara etu ha si machie ego naịra ochie N200, N500 na N1000. Cheta na Ụlọikpe kachasị nke Naịjirịa enyela iwu ka ụlọakụ etiti Naịjirịa weghachite ego naịra ochie ruo ọnwa Disemba afọ 2023. Gọvanọ Anambra Steeti bụ Chukwuma Soludo akpọkuola ndị steeti ahụ ka ha bido iji ego naịra (N200, N500, N1,000) n'azụmahịa ha n'ihi na ụlọakụ etiti enyela iwu ka ego ochie bụrụkwa ego eji azụ ahịa na Naịjirịa. Ụlọakụ etiti nke Naịjirịa ekwuola na ha erubela isi na mkpebi ụlọikpe kachasị gbasara iweghachite ego naịra ochie ndị ha gbanweburu ka ọ bụrụkwa ihe e nwereike iji na-azụ ahịa na Naịjirịa.

House of Representatives member-elect for Ideato North, South federal constituency, Ikenga Ugochinyere of Imo state has commended the Governor of Central ...

He said, “It’s commendable that the CBN in compliance with the rule of law directed deposit money banks operating in Nigeria to comply with the Supreme Court ruling of March 3, 2023, by accepting and pay out the old N200, N500, and N1,000 notes till December 31, 2023. CBN, had on Monday, directed all financial institutions to continue to accept and pay out the old N200, N500, and N1,000 notes till December 31, 2023, in line with the Apex Court ruling. House of Representatives member-elect for Ideato North, South federal constituency, Ikenga Ugochinyere of Imo state has commended the Governor of Central Bank of Nigeria, CBN Godwin Emefiele for complying with Supreme Court ruling which directed commercial banks and other financial institutions in the country to continue to accept and pay out the old N200, N500, and N1,000 notes till December 31, 2023.

Connectpoint, a fintech startup based in Nigeria, has been granted a payment service solution provider licence by the Central Bank of Nigeria to operate as ...

Obi said, “We are thrilled to have received this licence from the Central Bank. In a statement, the Chief Executive Officer and Founder, Lawrence Obi, expressed his excitement about the licence and the potential it offered for growth and expansion for the startup and its customers. Connectpoint, a fintech startup based in Nigeria, has been granted a payment service solution provider licence by the Central Bank of Nigeria to operate as a super-agent, more than eight months after receiving approval in principle.

The silence of the Central Bank of Nigeria (CBN) on the trillions of naira it mopped from the financial system continues to cast doubt on the possibility of ...

THERE was relief in Rivers State as banks commenced across the counter payment of old notes to customers. It was discovered that no Automatic Teller Machines (ATMs) of any of the banks was dispensing cash. However, disbursement was still being rationed according to the discretion of officials of the various banks. Traders in Makurdi and other parts of Benue State were still wary of accepting the old notes yesterday. Others refused to disclose their limits, only offering to say that they were paying the old notes. It was gathered that residents of Abuja were still rejecting the old notes. This mirrored the experience of many Nigerians in the month, who had to grapple with multiple failed mobile transactions. He particularly sympathised with people in rural areas where there are no banking services, wondering about the negative effect of the crisis on rural economy. The latest official statement of the apex bank on the issue vaguely said the old notes remained legal tenders alongside the new series. The court ruling provided an opportunity to dispose of the cash,” the source said. In February, the total NIP (instant payments) fell to N36.79 trillion from N38.772 trillion in January. The statement came days after some banks had started issuing the old notes in their vaults.