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The Central Bank of Nigeria, on Thursday, admitted that the ongoing scarcity associated with the naira redesign and cash withdrawal policy was not anticipated. This came amid numerous protests and attacks on banks by angry Nigerians due to the inability to access cash for their regular transactions. A Deputy Governor…
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The implication of this ruling is that the old N200, N500 and N1000 notes remains valid after the February 10 deadline given by the CBN. The Supreme Court of Nigeria has restrained the Federal Government from implementing the February 10 Deadline of the old 200, 500 and 1000 naira notes…
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The Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10 days. In a press statement issued on Sunday, Godwin Emefiele, the CBN governor, said the new deadline is February 10, 2023. More to follow… (1418) Donate to osun.life Good journalism costs…
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The Central Bank of Nigeria has extended its “Naira 4 dollar scheme” earlier scheduled to end on May 8, 2021 indefinitely. It disclosed this in a circular to all Deposit Money Banks, International Money Transfer Operators and the general public titled ‘Re: Introduction of the CBN’s “Naira 4 dollar scheme”…
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By Editor The Central Bank of Nigeria (CBN) says there will be no disruptions in banking services during the 14-day lockdown. This is according to a statement signed by Isaac Okorafor (pictured), CBN director of corporate communications. President Muhammadu Buhari had, on Sunday, instructed that movement of people be restricted…
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By Gbenga Faturoti The Osun State Government at the weekend stated that another round of soft loans amounting to N821,335,000.00 will be given out through the State Micro Credit Agency to traders, artisans, small cakes enterprise and business owners across the state soon. Mr. Ismail Adekunle Jayeoba-Alagbada, the State Commissioner…
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By Joshua Dada The Federal Government has declared its determination to provide all that it would require to ensure that the agricultural intervention project to be pioneered at the Obafemi Awolowo University (OAU), Ile-Ife and bankrolled by the Central Bank of Nigeria (CBN) to the tune of N3bn, is tremendously…
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