Banking

Bank workers may go on strike on Monday.

Problems accessing new Naira banknotes could increase as bank workers go on strike starting Monday. The industrial action, is owing to attacks on bank workers by depositors of the old N,1000, N500 and N200 notes. The Association of Banking, Insurance and Financial Institutions Senior Executives (ASSBIFI) has ordered bankers to leave as banks are under attack due to lack of depositor liquidity. The…
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Banking

Banks accept old banknotes after the deadline - Emefiele.

The Governor of the Central Bank of Nigeria, Godwin Emefiele, told the House of Representatives on Tuesday that commercial banks in Nigeria will still accept old naira notes from customers after the deadline of February 10. Emefiele stated this while appearing before the ad…
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Naira Redesign: Here again CBN insists on January 31st.

The Central Bank of Nigeria has confirmed that the January 31 deadline for the old 200, 500 and 1,000 naira banknotes has not changed. This is due to calls coming in from various parties asking and asking that Apex Bank change its reasoning and extend the deadline to give…