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Buhari Extends Validity Of Old N200 Notes By 60 Days

February 16, (THEWILL) - President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to allow only the old N200 remain legal tender until April 10, 2023, in order to improve currency circulation in the country. The President,...

Two Feared Killed As Naira Swap Protest Rocks Benin City

February 15, (THEWILL) - At least two persons are feared dead following protests that rocked Benin City, the Edo State capital, on Wednesday. The protests erupted as the cash crunch occasioned by the new cash policy of the Central Bank...

BREAKING: Supreme Court Adjourns Hearing Against Deadline For Old Naira Notes

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February 15, (THEWILL) - The Supreme Court of Nigeria, on Wednesday, adjourned till February 22, hearing in the consolidated suit against the February 10, deadline of the old N200, N500 and N1000 to seize as legal tender ...

Naira Crisis: CBN Unveils Phone Numbers to Report Errant PoS Agents Exploiting the Public

February 14, (THEWILL) - The Central Bank of Nigeria (CBN) has released telephone numbers through which members of the public could report errant PoS agents exploiting the public by selling new naira notes, or charging above N200 naira for...

Hoarding, Predatory Activities Responsible For Widespread Inconveniences In New Cash Policy – Emefiele

February 14, (THEWILL) - The Central Bank of Nigeria (CBN) on Tuesday, blamed "pervasive incidences of hoarding and predatory activities of some vendors and unscrupulous Nigerians", for the hardship experienced by citizens, following the Naira Redesign policy. CBN Governor, Godwin...

Gov Abiodun Threatens To Shut Commercial Banks Rejecting Old Naira Notes

February 14, (THEWILL) - Ogun State Governor, Dapo Abiodun, has threatened to shut down any commercial banks operating in the state, which has refused to accept old naira notes of N200, N500 and N1000 from members of the public. The...

Bawa Not Disobeying Court Orders – EFCC

February 14, (THEWILL) - The Economic and Financial Crimes Commission (EFCC), has denied the allegation that its chairman, Abdulrasheed Bawa, has a penchant for flouting court orders. The anti-graft agency was reacting to a series of protests, especially in Lagos...

Demonetisation Policy: Ogun Files Application To Join Kaduna, Others In Suit Against FG

February 14, (THEWILL) - The Ogun State government has filed an application at the Supreme Court of Nigeria, seeking to join Kaduna, Kogi and Zamfara States, in a suit against the Federal Government of Nigeria, over the demonetisation policy,...

Feb 10 Deadline For Old Naira Notes Stands – Emefiele

February 14, (THEWILL) - The Central Bank of Nigeria (CBN)  has said that there was no need to shift the February 10, 2023 deadline of the old N200, N500 and N1000 banknotes. Recall that the apex bank had fixed February...

We Didn’t Collapse Southwest Structure Into APC – LP Refutes Reports

February 13, (THEWILL) - The Ondo State chapter of Labour Party has debunked reports that the party collapsed its structure in southwest region for the presidential candidate of the All Progressives Congress (APC), Bola Ahmed Tinubu. A statement signed by...