NEWS

New Naira: Falana knocks CBN for disobeying Supreme Court order

Daily Dispatch February 14, 2023

Rights activist and Senior Advocate of Nigeria, Femi Falana, has lambasted the Central Bank of Nigeria for allegedly flouting the interim injunction of the Supreme Court suspending the implementation of the February 10 deadline on the use of the old banknotes. The CBN had moved the deadline

TOP STORIES

Breaking: Court Stops Buhari, CBN, Others From Suspending Currency Swap Policy

Daily Dispatch February 6, 2023

An High Court of the Federal Capital Territory (FCT), on Monday, restrained President Muhammadu Buhari, Central Bank of Nigeria (CBN), the Governor of CBN and 27 commercial banks from suspending, stopping, extending or interfering with the currency swap terminal date of February 10 or issue any directive contrary to the said deadline. In a Motion […]

NEWS

New Notes: Bear with FG, CBN, Peter Obi urges Nigerians

Daily Dispatch February 5, 2023

The presidential candidate of the Labour Party, Mr Peter Obi, has urged Nigerians to bear with the Federal Government and the Central Bank of Nigeria (CBN) over the redesigned naira notes. Following the introduction of the redesigned N200, N500 and N1,000 banknotes by the apex bank, Nigerians have continued to experience nationwide scarcity of the […]

NEWS

CBN, police, EFCC to prosecute naira hawkers, abusers

Daily Dispatch February 2, 2023

The Central Bank of Nigeria (CBN) says it is working with the Nigeria Police Force (NPF), the Federal Inland Revenue Service (FIRS), and the Economic and Financial Crimes Commission (EFCC) to prosecute hawkers and abusers of naira notes. The CBN said it is unlawful to sell the naira, hurl (spray), or stamp on the currency. […]

BUSINESS NEWS

EFCC targets more naira sellers as racketeers expose culpable bankers

Daily Dispatch January 31, 2023

The Economic and Financial Crimes Commission, EFCC, is on the trail of more sellers of naira notes after separate operations in Abuja. The agency arrested some racketeers in Zone 4 and the Dei Dei axis of the Federal Capital Territory on Saturday, January 28 and Monday, January 30. EFCC Head of Media, Wilson Uwujaren said […]

BUSINESS

CBN begins countdown to the expiration of old N1,000, N500, N200 notes

Daily Dispatch January 6, 2023

Amid complaints that the new naira notes are not fully in circulation, the Central Bank of Nigeria (CBN) has launched a countdown to the January 31 deadline when the old N1,000, N500, and N200 notes will cease to be legal tender. Unveiling the countdown on its Twitter page on Friday, the apex bank said the […]