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Today, we will be sharing with you some important questions and answers on Nigerian Naira. These questions are no doubt a must-know as they concern every single Nigerian and non-Nigerian using the currency. Question: When did Nigeria changed from pounds to naira? Answer: The naira was introduced in 1973, when the country […]
As scarcity of new Naira continues to hit hard, a heavily pregnant woman in Kasuwan Magani, Kajuru LGA who was due for delivery lost her life after all efforts by her husband to withdraw money from the bank failed. James Auta, the husband of the deceased, who narrated his ordeal, […]
Ahead of the deadline of the Central Bank of Nigeria’s (CBN) cashless policy, suspected members of the Islamic State of West Africa Province (ISWAP) have distributed huge amounts of old notes to scores of commuters in the Lake Chad Basin Daily Trust reports. It was gathered that the incident occurred […]
A family in Gbako LGA of Niger State has been reported to have rejected the old Naira note for the bride price of their daughter, hence demands the new Naira note. It was gathered that the suitor who came with the old N1,000 and N500 notes for bride price and […]
As the concern for the deadline of the old Naira note continues to go grow, the governor of the Central Bank of Nigeria, CBN has maintained that he does not have any good news for those who feel the CBN should sift the deadline. Emefiele made this disclosure during a […]
The Central Bank of Nigeria has said it is ready to partner with the National Youth Service Corps on the use of internet money for Corps Members. The Deputy Director, Information Technology Department of the Central Bank of Nigeria, Mr Habib Yusuf, stated this today when led some staff of […]
In a bid to push into the circulation the new Naira notes, the Central Bank of Nigeria, CBN, has issued a warning to all commercial banks in the country that any of them that failed to pick up its new currency for distribution will be fined N1 million per day. […]