Why New Naira Notes Fade – MINT
The Nigerian Security Printing and Minting (NSPM) Plc also known as MINT, on Friday, explained why the new Naira notes leave ink when rubbed on plain white surfaces. The company,…
How Cashless Policy Affected 2023 Elections — EFCC
The Economic and Financial Crimes Commission (EFCC) has revealed that the cashless policy by the Central Bank of Nigeria (CBN) affected the 2023 elections. According to the EFCC, some politicians…
Naira Redesign: Launders Using Stashed Cash to Buy Properties – EFCC
The Economic and Financial Crimes Commission, EFCC, has revealed ploy by suspected launders of using stashed cash to purchase properties. Chairman of the EFCC, Abdulrasheed Bawa made the disclosure during…
CBN Licenses 400 Kogi Money Agencies For Naira Swap
The Central Bank of Nigeria has licensed 400 money agents to facilitate easy swap of the newly redesigned notes by rural dwellers. This is to enable more people to meet…
Naira Redesign: 3 Governors Under Watch Over Stashed Cash – EFCC
Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa has revealed that the agency is currently monitoring three serving state governors over moves to launder cash through table…
Naira Redesign: MURIC Calls For Deadline Extension
The Sokoto State Chapter of the Muslim Rights Concern has appealed to the Federal Government to extend the deadline for the expiration of old naira notes by at least two…
Naira Redesign: Consider Converting Lower Currencies into Coins– LCCI to CBN
Dr Michael Olawale-Cole, president, Lagos Chamber of Commerce and Industry (LCCI), urged the Central Bank of Nigeria to consider converting lower currency notes into coins. Olawale-Cole said this on Thursday…
Naira Redesign: No Going Back on January 31st Deadline – CBN
The Central Bank of Nigeria has again said that the January 31 deadline for the validity of the old 200, 500 and 1,000 naira notes remains unchanged. This is as…
Naira Redesign: We Have Trouble Fishing Out Counterfeits
The Central Bank of Nigeria (CBN) on Thursday revealed it is yet to fish out counterfeits of the naira note. Amina Abdulmalik, Deputy Director, Currency Operations Department, CBN, said this…
EFCC Arrests New Naira Notes Hoarders In Abuja
The Economic and Financial Crimes Commission (EFCC) has in separate operations arrested members of a syndicate of currency racketeers hoarding and trading the redesigned Naira notes. According to the EFCC…