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Category naira demonetization

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Nigerian Supreme Court Extends Old Banknote Demonetization Deadline Again

Nigerian Supreme Court Extends Old Banknote Demonetization Deadline Again

The Supreme Court of Nigeria has again extended the lifespan of the N1000, N500, and N200 naira notes. The Central Bank of Nigeria (CBN) also reite...
Dec, 01, 2023
2 min read
by Bitcoin News
Security Agency Detains Nigeria’s Suspended Anti-Bitcoin Central Bank Governor

Security Agency Detains Nigeria’s Suspended Anti-Bitcoin Central Bank Governor

The Central Bank of Nigeria governor, Godwin Emefiele, was suspended by Nigerian President Bola Ahmed Tinubu on June 9 and was subsequently arreste...
Jun, 12, 2023
3 min read
by Bitcoin News
New Nigerian President Slates Central Bank’s Interest Rate and Currency Demonetization Policy

New Nigerian President Slates Central Bank’s Interest Rate and Currency Demonetization Policy

The new Nigerian president Bola Ahmed Tinubu has deplored the Central Bank of Nigeria (CBN)’s aggressive interest policy which he has reportedly la...
May, 31, 2023
2 min read
by Bitcoin News
After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender

After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender

The Nigerian central bank has said the recently demonetized ₦200, ₦500 and ₦1,000 banknotes will remain legal tender until Dec. 31, 2023. The centr...
Mar, 16, 2023
2 min read
by Bitcoin News
Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes

Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes

According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Niger...
Mar, 11, 2023
2 min read
by Bitcoin News