The Central Bank of Nigeria (CBN) yesterday began cash allocation to banks to ease the scarcity. A director confirmed the development, the source said: “We
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that the value of fraud and forgery perpetrated in Deposit Money Banks (DMBs) rose by 34.9 per
Some commercial banks yesterday resumed the issuance of the old N500 and N1000 denominations to the public. The move followed a Supreme Court judgement, which
Some commercial banks and filling stations have stopped collecting the old naira notes from customers, contrary to the ruling of the Supreme Court restraining the