LAGOS FEBRUARY 22ND (NEWSRANGERS)-The Oyo state Resident Electoral Commissioner ( REC) of the Independent National Electoral Commission (INEC), Dr Adeniran Rahmon Tella, has confirmed that the Central Bank of Nigeria (CBN) has released the cash needed to offset the payment of ad-hoc staff. He made this known at a press conference with journalists in the…
LAGOS FEBRUARY 17TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has denied reports in some of the media that it has authorize banks to accept N500 and N1,000 old notes as deposit. Recall that media houses have been spreading the information that CBN has directed Banks to collect old N500, and N1,000 notes from customers with…
LAGOS FEBRUARY 16TH (NEWSRANGERS)-President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to release old N200 notes into circulation to co-exist with new N200, N500 and N1,000 banknotes for 60 days. He, however, said old N500 and N1,000 banknotes are no longer legal tender in Nigeria. The President, who made this known in…
LAGOS FEBRUARY 15TH (NEWSRANGERS)-A combined team of officials of the Central Bank of Nigeria, CBN, the Independence Corrupt Practices and other related offenses Commission, ICPC, and the Economic and Financial Crimes Commission, EFCC, have arrested four Point Of Sale, POS, operators in Makurdi for extorting their customers. The team, led by the CBN Director of…
LAGOS FEBRUARY 15TH (NEWSRANGERS)-Amid the chaos surrounding the currency swap, the Central Bank of Nigeria, CBN, has vow to arrest and prosecute any Point of Sale, POS, operator or payment agents found to be selling Naira notes in the guise of transaction charges, warning that it is an economic crime and an imprsonable offence. According…
LAGOS FEBRUARY 15TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has declared that the old N200, N500 and N1000 have ceased being legal tender since February 10, 2023. CBN had originally fixed January 31 as deadline for old notes to be in circulation but extended it in response to pressure from Nigerians. However, before the February…
LAGOS FEBRUARY 12TH (NEWSRANGERS)-The Central Bank of Nigeria has debunked claims about the incapacity of the Nigerian Security Printing and Minting PLC. The apex bank also denied claims that it plans to shut down commercial banks in a geo-political zone. This was disclosed in a statement signed on Friday by CBN’s Director of Corporate Communications,…
LAGOS FEBRUARY 10TH (NEWSRANGERS)-The National Council of State on Friday in Abuja backed the Central Bank’s new Naira Policy. This was as it advised the President, Major General Muhammadu Buhari (retd.), and the apex bank Chief, Godwin Emefiele, to either intensify the printing of new notes or recirculate the old ones to ease the hardship…
