By Aluta News Feb. 5, 2023 Many FCT residents have continued to face difficulty in accessing the newly redesigned Naira notes, attributing the challenge to bank officials, who they say allegedly hoard and selling the legal tender. The stakeholders urged the Central Bank of Nigeria (CBN) to impose heavy sectionsContinue Reading
By Aluta News Feb. 5, 2023 Some small scale industrialists and entrepreneurs in the Federal Capital Territory (FCT), have continued to count their losses over the lingering new Naira notes scarcity. They told the News Agency of Nigeria (NAN) on Sunday in Abuja, that the situation was hurting their businessesContinue Reading
By Aluta News Feb. 1, 2023 Some residents of the Federal Capital Territory (FCT) have decried the scarcity of the new naira notes and high charges by POS operators in the territory. The residents, who spoke in separate interviews with the News Agency of Nigeria (NAN) in Gwagwalada, Kuje andContinue Reading
By Aluta News Jan. 28, 2023 Economic and commercial activities in Awka, the capital town of Anambra, have slowed down due to the insufficient quantity of the newly-designed N1,000, N500 and N200 in circulation. The News Agency of Nigeria (NAN) reports that customers are trooping to their banks to depositContinue Reading
By Aluta News Jan. 25, 2023 Gov. Samuel Ortom of Benue, has called on the Central Bank of Nigeria (CBN) to extend the deadline of the use of the old naira notes, especially for those in the rural areas. Ortom made his feelings known when the Governing Council and ManagementContinue Reading
By Aluta News Jan. 25, 2023 Traders in Adamawa have stopped business transactions with the old Naira notes of N1,000, N500 and N200 ahead of the official deadline of Jan. 31. Some of the traders confirmed this to the News Agency of Nigeria (NAN) on Wednesday in Yola. They expressedContinue Reading
By Aluta News Jan. 22, 2023 Gov. Mai Mala Buni of Yobe has appealed to the Central Bank of Nigeria (CBN) to grant special concession to the state against the January 31 deadline for citizens to change the old bank notes. Buni made the call in a statement by hisContinue Reading
By Aluta News Jan. 19, 2023 The Governor of the Central Bank of Nigeria (CBN) on Thursday in Abuja updated President Muhammadu Buhari on the activities of the bank. The News Agency of Nigeria (NAN) reports that the CBN governor, who briefed the president, had earlier on Thursday morning attendedContinue Reading
By Aluta News Dec. 9, 2022 The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the newly redesigned Naira notes are already in banks and ready for issuance. According to a statement in CBN’s official twitter handle, Emefiele said so in Daura while on a visitContinue Reading
By Aluta News Nov. 23, 2022 President Muhammadu Buhari has inaugurated the new Naira banknotes, expressing delight that the redesigned currencies were locally produced by the Nigerian Security Printing and Minting (NSPM) Plc. Speaking at the inauguration of the new banknotes which preceded the Federal Executive Council (FEC) meeting onContinue Reading