The apex bank also warned media practitioners to verify their facts before publishing in order not to misinform the public. The Central Bank of Nigeria (CBN) has debunked reports that the bank has devalued the naira to N630/$1, while it urged the public to debunk any contrary report. A statement titled “CBN has not devalued…
This decision is to be taken to counter the naira scarcity hardship faced by Nigerians. President of the Federal Republic of Nigeria, Muhammadu Buhari is reportedly considering granting a 60-day extension for the old naira notes to coexist with the new notes. This concession, as reported by the Pulse, will only happen if some state…
The operators also appealed to the Central Bank of Nigeria to sanction these banks. Some Point of Sale (PoS) operators have accused officials of the commercial banks of selling naira notes to them at an exorbitant price, hence the reason behind the upsurge in withdrawal rates. These operators disclosed this while speaking with the News…
