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Court upholds use of Arabic...

Court upholds use of Arabic inscriptions on...

CBN warns Nigerians against circulation...

CBN warns Nigerians against circulation of fake...

Court upholds use of Arabic inscriptions on naira notes

Court upholds use of Arabic inscriptions on naira notes The Federal High Court in Lagos has on Tuesday upheld the use of Arabic inscriptions on Naira notes. Justice Yellin Bogoro noted that Section 53 (1) of the Banks and Other Financial Institutions Act (BOFIA) grants the Central Bank of Nigeria (CBN) the authority to print, design, and issue currency. The court emphasised the need to establish bad faith before challenging the actions of the Federal Government or the CBN. The lawsuit, brought by Lagos-based lawyer Malcom Omirhobo in January 2020, argued that Arabic...
Jane AISO -
News

Court upholds use...

Court upholds use of Arabic inscriptions on naira notes The Federal High Court in Lagos has on Tuesday upheld the use of Arabic inscriptions on...
Jane AISO -
Business & Economy

CBN warns Nigerians...

CBN warns Nigerians against circulation of fake naira notes The Central Bank of Nigeria (CBN) has warned Nigerians about fake naira banknotes in circulation amid...
Gift Luckson -
Business & Economy

BREAKING: Buhari orders...

BREAKING: Buhari orders return of old N200 note into circulation  Story from Kenneth AFOR, LAGOS  Nigeria's President, Muhammadu Buhari, has ordered the Central Bank of Nigeria...
Kenneth Afor -
Business & Economy

Sanwo-Olu aligns with...

Sanwo-Olu aligns with APC govs, vows to prosecute persons rejecting old naira notes  Lagos State Governor, Babajide Sanwo-Olu, has joined his counterparts in the All...
Kenneth Afor -
Business & Economy

CBN bows to...

The Central Bank of Nigeria (CBN) has announced the extension of the use of old naira notes from the initial January 31 deadline to...
Kenneth Afor -
Business & Economy

CBN insists on...

The Central Bank of Nigeria (CBN) has said that there is no going back to the January 31 deadline for the validity of the...
Kenneth Afor -
Finance

Deadline For Old...

Deadline For Old Naira Notes: Gov. Buni says 13 LGAs can't access banking services, demands alternative means for Yobe Story from Sa'adatu MAINA, Damaturu Governor...
Gift Luckson -
Business & Economy

CBN orders printing...

Aisha Ahmad, Deputy Governor of the Central Bank of Nigeria (CBN), has disclosed that the apex bank ordered the printing of 500 million pieces...
Kenneth Afor -
Local

Stash of damaged...

An undisclosed amount of stashed Naira notes have been reportedly uncovered at a warehouse in an unknown location. The recent development is coming less than...
Kenneth Afor -
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