•Old and new naira notes The Central Bank of Nigeria (CBN) has reiterated that all versions of the naira, including the old and new designs of ₦1000, ₦500, and ₦200 denominations, as well as the commemorative and previous designs of the ₦100 denomination, remain valid and continue to be legal tender without any deadline. The […]...
•Naira notes The Federal High Court sitting in Lagos yesterday dismissed a suit challenging the use of Arabic inscriptions on Naira notes. Justices Yellin Bogoro held that Section 53 (1) of the Banks and Other Financial Institutions Act (BOFIA) empowers the Central Bank of Nigeria (CBN) to print, design and issue the currency and compels [&hel...
•Naira notes The Central Bank of Nigeria (CBN) has raised an alarm concerning the proliferation of counterfeit banknotes, particularly in higher denominations. A statement from the CBN signed by Mrs Sidi Ali, Hakama Ag director of corporate communications, said the fake bank notes are being utilised in transactions within food markets and comm...
•Old note and new naira The Central Bank of Nigeria has instructed all its branches nationwide to continue issuing various denominations of both old and redesigned banknotes in ample quantities to deposit money banks. The apex bank disclosed this in a statement signed by its Director, Corporate Communications, Isa AbdulMumin, and posted on its...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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