New naira note Archives -

CBN fines DMBs ₦150m for aiding illegal mint note deals

NewsDesk1 week ago1 week ago03 mins

The Central Bank of Nigeria (CBN) has imposed a fine of ₦150 million on Deposit Money Banks (DMBs) found guilty of aiding the illegal distribution of mint naira notes to currency hawkers. CBN, in a circular issued on Friday and signed by Mohammed Olayemi, Acting Director of the Currency Operations Department, said it was concerned…

Witness: New Naira notes defy President’s approval

Ibn Usman Abubakar1 month ago1 month ago06 mins

The trial of former Central Bank of Nigeria (CBN) Governor Godwin Emefiele resumed on Thursday, November 14, 2024, at the Federal Capital Territory High Court in Maitama. Testifying as the fifth prosecution witness, Kingsley Obiora, former CBN Deputy Governor for Policy, revealed that the new naira notes issued under Emefiele’s tenure deviated from the President’s…

Chief Editor

Yusuf An-Nuphawy

Nigeria free of Lakurawa terror group — Matawalle

SERAP urges cuts in Presidency, N’Assembly budgets

FG declares holidays for Christmas, New Year celebrations

Petrol to sell at N935/litre starting today – IPMAN

NNPS expands for wider green cover

Nigeria targets $20b investment by 2027– Edun

New naira note

CBN fines DMBs ₦150m for aiding illegal mint note deals

Witness: New Naira notes defy President’s approval