Financial institutions that are stockpiling the new naira notes will face harsher punishments, according to the Central Bank of Nigeria (CBN). In response to the claim that not enough notes were released, the apex bank threatened action on Wednesday. At a press conference in Jos, the Plateau state’s capital, Musa Jimoh, director of the Payment … Read more
The old N1,000 and N500 notes that the suitor’s family offered as the wedding price have been demanded to be returned by the family of a young woman in the Gbako LGA of Niger State. The woman’s family received an undisclosed amount as bride price from the suitor’s family, along with cash for other wedding-related … Read more
Babagana Umara Zulum, the governor of Borno State, revealed that 25 of the state’s 27 local governments do not have the new Naira notes. He gave orders to the state’s ministries of higher education, science, technology, and innovation as well as finance to open ICT centers and branches of Borno’s existing microfinance bank throughout the … Read more