Lawmakers Threaten To Issue Warrant of Arrest on CBN Governor Over Old Naira Notes Deadline

Members of the House of Representatives have threatened to issue a warrant of arrest on the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, and the Chief Executive Officers (CEOs) of other banks The threat was issued by the Speaker of the House, Hon Femi Gbajabiamila during plenary following the disclosure of […]

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Cash Withdrawal Limits: Concerns Over Scarcity of Newly Designed Notes

The CBN Cash withdrawal limits becomes effective today, however there are growing concerns over the slow spread and quality of three newly redesigned naira notes. The Central Bank of Nigeria (CBN) directives to Deposit Money Banks (DMOs) and other financial institutions on December 6, 2022 to ensure that weekly over-the –counter (OTC) cash withdrawals by […]

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