Supply hawkers mint naira notes, pay N150m fine – CBN warns banks
The Central Bank of Nigeria (CBN) has issued a strong warning to banks involved in the illegal circulation of newly minted naira notes.
Customers will continue to return dirtynaira notes to banks after Sept.2 — CBN
The Central Bank of Nigeria (CBN) on Saturday said that the general public would continue to return mutilated bank notes to their banks after the Sept. 2 deadline.
The inevitable choice between N10,000 note and redenomination
NIGERIA’s Currency profile has, notably failed to serve the needs of our people and our economy. Arguably, lower denominations of primary kobo coins and low value notes have been largely rejected because of their extremely negligible purchasing power. Overtime, the Naira Currency has lost significant value, as the highest existing compact denomination of N20 (the popular Muri) in 1977 was equivalent to over $20.
Police discover N22m fake Naira notes in Gombe
The Nigerian Police has discovered 22 million worth of fake Naira notes during a stop and search operation in Gombe.
