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Accountant In ICPC Net Over New Naira Notes Racketeering

February 17, (THEWILL) - The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested an accountant of Oando Filling Station, Dutse Alhaji, in Abuja, over alleged racketeering of the new Naira notes. This latest arrest followed the continued...

We’ve Not Instructed Banks To Collect Old N500, N1000 From Customers – CBN

February 17, (THEWILL) - The Central Bank of Nigeria (CBN) has refuted media reports that it had authorised the Deposit Money Banks (DMBs) to collect the old N500 and N1,000 banknotes from customers and members of the public. CBN Director,...

2023: Group Backs Sanwo-Olu On Need To Eschew Violence

February 17, (THEWILL) - A pro-democracy outfit, Movement for a Better Lagos, has thrown its weight behind Lagos State Governor, Babajide Olusola Sanwo-Olu, over his appeal to people of the State to keep calm in the face of the...

Amid Naira Scarcity, CBN Unveils Portal to Deposit Old Notes

February 16, (THEWILL) - The Central Bank of Nigeria (CBN) has created a portal for bank customers to deposit their old naira notes amid scarcity of new naira notes. In a notice posted on its website titled ‘Redemption of Currency’,...

New Cash Policy Will Effectively Tackle Insecurity, Corruption – Buhari

February 16, (THEWILL) - President Muhammadu Buhari on Thursday, said the naira swap and cashless policy of the Central Bank of Nigeria (CBN), have short and long-term benefits for the country in dealing with insecurity and corruption. The President’s remarks...

Cash Crunch: Hope Rises As Emefiele Meets Banks Chiefs In Abuja, Promises Early Resolution

February 16, (THEWILL) - The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has met with 15 heads of commercial banks to ease the ongoing cash crunch in the country. THEWILL reports that President Muhammadu Buhari, on Thursday,...

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

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...