Ogun State, Nigeria, World News & Stories
23 posts.
On Monday, Professor Charles Soludo, the Governor of Anambra State, also a former governor of the Central Bank of Nigeria, announced that the CBN has directed commercial banks to accept the old naira notes as deposits. Soludo made this statement on his social media accounts and reported that Governor Godwin Emefiele issued the directive during…
On Sunday, the Human Rights Writers Association of Nigeria (HURIWA) called on the Department of State Services to immediately arrest Godwin Emefiele, the Governor of the Central Bank of Nigeria, and Abubakar Malami, the Attorney General of the Federation and Minister of Justice, for disobeying a ruling of the highest court in the country. The…
In accordance with the Supreme Court judgment, the Ekiti State Government has cautioned its citizens against refusing to accept old naira notes as a form of payment. Those who do so risk being apprehended and prosecuted. Likewise, the Abia State Government has declared its intention to penalize individuals who reject the old currency. Governor Biodun…
The highest court in the land in the country, Supreme Court on Friday ordered that old ₦200, ₦500, ₦1,000 notes remain in circulation and legal tender till December 31, 2023. The court also nullified the Federal Government’s Naira redesign policy, declaring it as an affront to the 1999 Constitution. It also ruled that it has…
Ogun: Banks disobey CBN orders and put old Naira bills in ATMs
More Nigerians will have to rely significantly on electronic transactions as the CBN cash withdrawal policy is ready to fully launch.Despite the increase in PoS operators in Nigeria, anyone can still enter the industry.Here are four easy steps to launch a POS firm so you can get a piece of the expanding market. He informed…
Deposit Money Banks are not supposed to reimburse consumers who withdraw new naira notes over the counter, according to a directive from the Central Bank of Nigeria. To guarantee that the money circulates across the country prior to the deadline of January 31, 2023, when the old notes will no longer be accepted as legal…
Today, Monday, January 9, the country will begin to implement the Central Bank of Nigeria’s policy restricting daily cash withdrawals. According to The PUNCH, under this arrangement, the maximum weekly limit for cash withdrawals by individuals and corporate organisations across all channels is N500,000 and N5,000,000, respectively. A processing fee of 3% or 5% will…
As the dust from the Central Bank of Nigeria’s (CBN) plan to redesign the local currency settles into the reality of managing the already concluded subject, implementation has risen to the top of the priority list. Furthermore, the aggregate of opposing viewpoints on the matter appears to suggest that the change was preferable to the…
The central bank of China said yesterday, Thursday that it has signed a currency swap agreement with its Nigerian counterpart. A statement by Nigerian’s CBN image maker, Mr. Isaac Okoroafor, corroborated this. Mr. Okoroafor in the statement said that the agreement was a culmination of over two years of painstaking negotiations by both banks. Also,…
