The Economic and Financial Crimes Commission (EFCC) has apprehended a banker, Kamaluddeen Lawal, and three business associates for allegedly laundering and tampering with the naira currency notes.

Nigerians are yet to access the new and old Naira notes days after the Supreme Court order reverting the Central Bank of Nigeria (CBN) directive to stop its use as legal tender from Feb. 10.

to reiterate that the subsisting Supreme Court ruling granted on November 29, 2023, permits the concurrent circulation of all versions of the N1000, N500, and N200 denominations of the Naira ...

Current Naira notes feature celebrated personalities such as Dr. Nnamdi Azikiwe, Chief Obafemi Awolowo, Sir Abubakar Tafawa Balewa, Sir Ahmadu Bello, General Murtala Muhammed, and Queen Amina.

Asked if he has resumed collecting the old naira notes as directed by the Supreme Court, Onyebuchi said he needed to get directive from his boss. For now, his answer is, no.

Meanwhile, the new notes remain in scarce supply at the banks and the ATM machines and where available are being rationed. The POS operators now charge exorbitant fees for withdrawal of the new notes.

National vice president of Ohaneze Ndigbo Worldwide, Chief Damian Okeke-Ogene has faulted the state governors countering President Muhammadu Buhari’s position on the naira redesign and ...

Stepping back, the Central Bank of Nigeria announced the naira redesign policy on November 26, 2022, detailing the new issuance of the ₦200, ₦500 and ₦1,000 notes.

Nigeria’s old 200-, 500-, and 1,000-naira ($2.17) notes ceased to be legal tender starting February 11, sparking violent protests across the country as millions of people struggled to get their ...

It is common to see Nigerians throw naira notes in the air, step on them or paste them on other people while dancing at parties and other social events, including traditional weddings.