Ahead of the 31 January deadline set by the Central Bank of Nigeria (CBN), commercial banks will be open this weekend for Nigerians to deposit the old series of N200, N500 and N1000 notes. The commercial banks include First Bank of Nigeria, United Bank for Africa (UBA) Access bank, Guaranty Trust Bank (GTB), and First City Monument Bank (FCMB). 𝐎𝐩𝐞𝐧 𝐟𝐨𝐫 𝐲𝐨𝐮 𝐭𝐡𝐢𝐬 𝐰𝐞𝐞𝐤𝐞𝐧𝐝 🏦 Beat the Old Naira Series (𝟐𝟎𝟎, 𝟓𝟎𝟎 & 𝟏𝟎𝟎𝟎) deposit...

The fear of CBN’s 31 January deadline for old naira notes has led a family of a young woman in Gbako LGA of Niger State to reject the old N1000 and N500 notes given by their would-be in-laws as bride price. According to reports, the family of the suitor took an undisclosed amount to the family of the woman as bride price and money for other stuff in preparation for the wedding. But the family...

Some commercial banks in Port Harcourt, Rivers State have been accused of refusing to dispense the sum of N4.5 billion redesigned notes distributed to them by the Central Bank of Nigeria (CBN). CBN branch Controller in Rivers State, Maxwell Okafor, who led an enforcement team on the newly redesigned notes to some commercial banks and markets in Port Harcourt, said that between Thursday and Friday, the apex bank had disbursed about N4.5b new notes to...

With less than two weeks to January 31st, the deadline for the stoppage of the use of old N200, N500, and N1000 notes, the Central Bank of Nigeria (CBN) has warned that it will sanction any commercial banks that fail to adhere to laid down procedures of the new redesigned currency policy in attending to customers before the deadline. The CBN branch controller in Adamawa, Mr. Sanusi Sah Nyasih gave the warning at a parley...