Money Market

Banks Not Hoarding New Naira Notes, Normalcy Returning Soon-ACAMB

February 6, 2023/ACAMB ACAMB empathizes with the Nigerian public on the unintended hardships being faced in the process of the ongoing rollout of re-designed naira notes and enhanced cashless policy. There is no doubt that the unintended constraints in the withdrawal of old naira notes and circulation of new naira […]

UBA Issues Update on New Naira Notes

Image Credit: UBA Plc February 6, 2023/UBA Plc In a recent Press Release, the Central Bank of Nigeria (CBN) has shared updated plans to ensure effective distribution of the new Naira notes. Please see below key highlights you need to know: New Notes will now be paid over the counter […]

CBN, Police, and Other Agencies To Prosecute Sellers, Abusers of Naira

…Assures That Queues At ATMs Will Disappear Soon  …Directs OTC payment of Redesigned Banknotes by DMBs  February 2, 2023/CBN The Central Bank of Nigeria (CBN) has observed, with grave concern, the activities of persons who sell the newly redesigned banknotes and those who flagrantly abuse the legal tender by hurling […]