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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 -
Business & Economy

Finance Minister differs...

Nigeria's Minister of Finance, Budget and National Planning, Zainab Ahmed, is not in agreement with the proposed plan by the Central Bank of Nigeria...
Kenneth Afor -
Business & Economy

Spray naira notes...

The Central Bank of Nigeria, CBN has again warned that anyone caught spraying Naira notes will be arrested and sent to jail. The CBN condemned...
Fatima Gimba -
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