Naira Redesign

November 14, (THEWILL) - Dr Kingsley Obiora, a prosecution witness at the ongoing trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has told the Federal Capital Territory High Court in Abuja that the apex bank's Committee...

February 01, (THEWILL) - Nollywood actress, Oluwadarasimi Omoseyin, has been convicted and sentenced to six months imprisonment for spraying and stepping on the new Naira notes at a social event in Lagos. Oluwadarasimi was sentenced and convicted by Justice Chukwujekwu...

November 29, (THEWILL) - The Central Bank of Nigeria (CBN) has directed all its branches to continue to issue and accept all denominations of Nigerian banknotes, both old and redesigned ones, to and from deposit money banks (DMBs). The directive...

November 14, (THEWILL) - The Central Bank of Nigeria (CBN), on Tuesday, said it has extended the legal tender status deadline of the old design of N200, N500 and N1,000 denominations. In a statement signed by its Director, Corporate Communication,...

November 08, (THEWILL) - The Central Bank of Nigeria (CBN), on Wednesday, directed members of the public to accept all CBN-issued banknotes (including the old and redesigned banknotes) currently in circulation, saying "all banknotes issued by the CBN remain...

September 17, (THEWILL) - The Manufacturers Association of Nigeria (MAN) has disclosed that during the period of severe naira scarcity earlier this year, cement sales dropped by a substantial 30 percent. The association also noted that the absence of cash...

June 16, (THEWILL) – Details have emerged as to why Abdulrasheed Bawa, the ousted chairman of the Economic and Financial Crimes Commission (EFCC), was really placed on indefinite suspension by President Bola Ahmed Tinubu and subsequently invited by...

May 01, (THEWILL) – The Central Bank of Nigeria (CBN) has said it is committed to adequate supply of the new Naira notes ahead of the December 31 deadline on the old N1,000, N500 and N200 denominations. The assurance...

April 30, (THEWILL) - The Central Bank of Nigeria (CBN) has debunked reports that it is planning the withdrawal of the recently redesigned N1000, N500 and N200 banknotes from circulation CBN’s Acting Director, Corporate Communications Department, Isa AbdulMumin, made this...

March 29, (THEWILL) – An illusion shared by everyone becomes a reality – Erich Fromm. Two neighbours came before Jupiter and prayed to him to grant their hearts’ desires. Now one was full of avarice, and the other ate up...