The Central Bank of Nigeria (CBN) cenbank has issued a new directive to commercial banks to start paying the newly redesigned naira notes over the counter to customers. This move was made to alleviate the difficulties faced by Nigerians in obtaining the new notes and to reduce the long lines…

A report from the Inclusion for all Initiative, a multifaceted advocacy program, suggests that Nigeria’s most vulnerable groups could be negatively impacted by the Central Bank of Nigeria’s (CBN) decision to require the exchange of old Naira notes for new notes through an existing bank account. The report states that…

The Central Bank of Nigeria (CBN) has accused some commercial banks in Port Harcourt, Rivers State, of hoarding the newly redesigned notes worth N4.5 billion that were distributed to them. The controller of the Rivers State branch of the CBN, Maxwell Okafor, who led an enforcement team to some commercial…