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CBN Breaks Silence, Says Old N200, N500, N1,000 Notes Remain Legal Tender Till Dec 31
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CBN Breaks Silence, Says Old N200, N500, N1,000 Notes Remain Legal Tender Till Dec 31

The Central Bank of Nigeria (CBN) on Monday said old N200, N500, N1,000 banknotes remain legal tender till December 31, 2023. The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin disclosed this in a statement on Monday. This is coming 10 days after the Supreme Court ruled that old naira notes should co-exist with...

IBEDC Decries Assaults Against Its Staff, Facilities, Appeals For Caution
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IBEDC Decries Assaults Against Its Staff, Facilities, Appeals For Caution

In light of recent incidents of attacks across our business locations, the Management of Ibadan, Electricity Distribution Company (IBEDC) Plc would like to appeal to the public to refrain from engaging in such acts of violence against its employees and facilities. A statement signed by the Managing Director of the company, Engr. Kinsley Achife said...

CBN Launches Portal For Deposit Of Old Naira Notes
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CBN Launches Portal For Deposit Of Old Naira Notes

The Central Bank of Nigeria (CBN) has created a portal for the deposit of old naira notes. The bank published a notification titled ‘redemption of currency’ during a Wednesday check on the apex bank’s website. According to the CBN, Nigerians can redeem their old N1,000, N500, and N200 notes by completing an online form. The...

We’ll Deal Decisively With Businesses Rejecting Old Naira Notes, Says Ogun Gov
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We’ll Deal Decisively With Businesses Rejecting Old Naira Notes, Says Ogun Gov

Ogun State Governor, Prince Dapo Abiodun, has reiterated his warning that the state government will clamp down on banks and businesses rejecting the old naira notes. Explaining that part of the measures being considered may include getting security agencies to arrest anyone who refuses to accept old Naira notes, the Governor said the directive became...

IBEDC To Invest N14bn On Infrastructure To Reposition Service – MD
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IBEDC To Invest N14bn On Infrastructure To Reposition Service – MD

The Ibadan Electricity Distribution Company (IBEDC) says it plans to invest N14 billion in technical infrastructure to reposition its business operations and provide electricity to underserviced communities The Managing Director of IBEDC, Mr Kingsley Achife, said this in an interview with the News Agency of Nigeria on Friday in Ibadan. Achife said that the N14...