Ibadan Residents Appeal To CBN To Circulate More Naira Notes To Ease Suffering

The Central Bank of Nigeria releases more old notes to Commercial Banks in order to step up efforts to flood the economy with more cash after a prolonged cash crunch that has made life difficult for millions of Nigerians and Ibadan residents, our Reporter Victor Umanah went around town to feel the effect of the […]

Ibadan Residents Now Accepting Old Naira Notes

Residents of Ibadan and environs have started accepting the old N200, N500 and N1,000 banknotes for transactions following the directives of the Central Bank of Nigeria, CBN, to do so. Vintage FM reporter Victor Umanah visited some commercial banks, markets and filling stations and came back with the report that traders had started accepting the […]

CBN Releases Cash To Inec Ahead Of Polls

The Central Bank of Nigeria CBN has released cash to the Independent National Electoral Commission INEC ahead of national and state elections on February 25 and March 11. A source at the apex bank made the disclosure saying the cash was released to INEC yesterday following the assurances of CBN Governor Godwin Emefiele to INEC […]

CBN Orders Commercial Banks To Collect Old N500, N1000 Notes

The Central Bank of Nigeria, CBN, has ordered Commercial banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It however pegged the maximum amount the banks can collect from each customer at N500,000. Meanwhile, the CBN maintained that the old currencies are no more legal tender. The CBN […]