The Central Bank of Nigeria (CBN) has declared that the old N200, N500, and N1,000 notes had ceased to be legal tender in Nigeria.
CBN Governor, Mr Godwin Emefiele who made the declaration on Tuesday during a meeting with members of the diplomatic corps in Abuja, said, there was no...
Despite the Supreme Court ruling, suspending the deadline for the old naira validity, Okada Riders, Artisans, Market men and women are rejecting the old banknotes.
TheFact Daily checks around Federal Capital Territory (FCT) and its environs revealed that even some supermarkets are rejecting the old naira notes.
The development was in...
TAJBank Limited, Nigeria’s fast-growing non-interest banking services provider, has opened a new branch in Apapa, Lagos in furtherance of its current drive to provide seamless financial transactions and advisory services for its growing customer-base.
It would be recalled that the bank secured its national banking license from the Central Bank...
The Nigerian Security, Printing and Minting (NSPM) has assured Nigerians of its capacity to continue to produce the redesigned Banknotes as well as other denominations in line with the Central Bank Nigeria (CBN)'s indent for the year 2023.
NSPM's assurance was contained in a statement signed by it Managing Director/Chief...
...Says No Plan To Close Banks
The Central Bank of Nigeria (CBN) has debunked a misleading report misquoting its Governor, Mr. Godwin Emefiele to have attributed the current challenge in the distribution of the newly redesigned naira banknotes to a shortage of printing materials at the Nigerian Security Printing and...
The Federal Inland Revenue Service (FIRS) yesterday signed a Memorandum of Understanding (MoU) with the Lagos Internal Revenue Service (LIRS) where the two tax authorities would collaborate on joint tax audit, investigation and automatic exchange of information.
A statement on Tuesday by the Special Assistant to the Executive Chairman on...
Nigerian President, Muhammadu Buhari has warmly felicitated with the Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Mamman Nami on his 55th birthday, praising him for making commendable efforts to raise government revenues, especially at this time of great need.
His Felicitation message was conveyed in a statement...
...Vows To Prosecute Sellers, Abusers Of Naira, Clear ATMs Queues
The Central Bank of Nigeria (CBN) has Directed the Deposit Money Banks (DMBs) to commence the payment of the redesigned Naira notes over the counter, subject to a maximum daily payout limit of N20,000.
This development was announced in a...
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has stated that his recognition by the LEADERSHIP Awards as the Newspaper’s Public Service Person of the Year 2022 was a morale booster for the Service to do more.
Mr. Nami was quoted in a statement to have...
The Central Bank of Nigeria (CBN) has clarified its position on the legal tender status of the old series of the N1,000, N500, and N200 banknotes after the February 10, 2023, deadline for depositing the affected banknotes.
Speaking with newsmen in Abuja, on Tuesday, January 31, 2023, the Director, Corporate...
