Author: Vreporters
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EXPOSED: How CBN reversed itself on Old notes but accused media of fake news
Daily Trust Following the directive of President Muhammadu Buhari that Nigerians should take old N500 and N1000 notes to the Central Bank of Nigeria (CBN), many thronged offices of the apex bank across the nation on Friday. As early as 1am, people had lined up in front of the CBN office in Marina, Lagos, where…
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CBN bows to pressure; you can now take old N500, N1,000 to banks
The Central Bank of Nigeria, CBN, has bowed to pressure and ordered Deposit Money Banks to collect old N500 and N1,000 notes from customers. In view of that every Nigerian that has old N500 and N1000 notes can now take it to banks. Many Nigerians early this morning stormed the CBN offices and demanded that…
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NHRC Poll Tips Tinubu For Victory- The NHRC
A poll conducted by the Nigerian Human Rights Community (NHRC) has tipped Bola Tinubu to win the presidential election. The NHRC comprising 134 civil liberty and community-based organisations disclosed this in a report of a survey released on Thursday. “Out of the 19365 respondents interviewed, 7940 (41%) are voting for the candidate of the APC…
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New Naira: UK issues safety advisories on banks, ATMs
The United Kingdom, through its Foreign, Commonwealth and Development Office, has issued safety advisories to its citizens in Nigeria and those travelling into Nigeria following the Central Bank of Nigeria naira redesign policy. In its updated advisories on Wednesday, the country urged its citizens in Nigeria and those travelling into the country to take extra…
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It’s Official: Buhari Extends Validity of Old Naira Note
President Muhammadu Buhari has announced the extension of the validity of old N200 notes till April 10. TheCable, on Wednesday, reported that the president was considering the extension, given the adverse impacts of the naira redesign policy on Nigerians. Announcing the development in a televised nationwide address on Thursday, the president said all existing old…
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Naira Scarcity: FG Considers Out-of-Court Settlement
Press Release Malam Nasir El-Rufai would like to clarify that there has been no meeting this week between the FG and either the Nigerian Governors’ Forum (NGF) or the Progressive Governors Forum (PGF), not to talk of one lasting till the wee hours of today, Wednesday, 15 February 2023. Rather, senior officials of the FG…
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Naira Scarcity: Buhari Sets To Address Nigerians By 7am
President Muhammadu Buhari will address Nigerians on Thursday by 7am, presidential spokesman, Femi Adesina has said. The President’s nationwide broadcast is coming amid strong reactions and protests to the lingering cash crunch experienced by millions of Nigerians across the country in the last few weeks. Adesina, however, did not state the subject the President will…
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Naira Swap: Buhari Considers Extension of Old Naira Notes by 60 Days
TheCable President Muhammadu Buhari is considering extending the validity of old naira notes by 60 days, TheCable understands. This is to avoid disobeying the order of the Supreme Court of Nigeria which ruled that the old N1,000, N500 and N200 notes remain valid until it delivers judgment in the case filed by some states against…
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Old Naira Notes: No Need To Issue Fresh Order, Interim Order Still Stands – Supreme Court
The supreme court has postponed the hearing of the case brought against the Central Bank of Nigeria (CBN) on the naira redesign policy to Wednesday, February 22. With the adjournment, Nigerians are left wondering whether or not the old N200, N500, and N1000 notes remain legal tender. The court session held on Wednesday provided clarity…
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Old Naira Notes: Edo, Bayelsa Pitch Tent With FG, as Supreme Court Adjourns Case
The Supreme Court on Wednesday adjourned hearing in a suit filed against the federal government seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of Nigeria (CBN) until February 22. Recall Kaduna, Kogi and Zamfara have approached the apex Court amid cash crunch in the country.…