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The Central Bank of Nigeria (CBN) has directed commercial banks to begin the payment of the new naira notes to customers over the counter, Channels Television reported. The CBN however, set the maximum daily payout at N20,000. This is according to a Thursday statement signed by the Bank’s Director, Corporate Communications Osita Nwanisobi. The directive
Nigerians are currently experiencing one of the most funny but difficult and depressing moments of their lives prio to the most important general elections yet to see in their history as a Nation as the nation would either gets a rebirth or a total collapse. Currently, Nigerians are queuing for Naira notes… PVCs and worst
The Central Bank of Nigeria, CBN, has named about five money deposit banks to participate in its cash swap initiative. The development comes as the deadline for the expiration of old N200, N500 and N1,000 notes as legal tender approaches. Lagos and Abuja PoS operators left out of cash swap programme The information was contained in
President, Muhammadu Buhari of the APC seems increasingly not to be in tandem with the APC presidential candidate, Bola Ahmed Tinubu as the general elections draws closer. Jkcyno news earlier reported of Tinubu accusing Buhari’s APC government of trying to scuttle his ambition and Electoral chances by his insistence on the deadline for the new Naira notes
The Central Bank Governor, Godwin Emefiele seems to be out of touch with current reality in Nigeria as he keeps insisting on the 31st January deadline for the old Naira notes. In his press release, Emefiele stated, ” “I don’t have good news for those who feel we should shift the deadline; my apologies The reason
The Central Bank of Nigeria, CBN has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira notes again. Instead, the apex bank directed the banks to load their Automated Teller Machines with only new notes to ensure that the currency circulates across the nation ahead of the January 31, 2023 deadline
Nigerians have lamented as the newly redesigned naira notes that barley went into circulation few days ago were found being sold in a wedding occasion. How did she get those bundle of the newly re-coloured money? READ ALSO : Fake New ₦1000 Notes In Circulation, Few Days After Release (video) How on earth did
President Muhammadu Buhari has finally unveiled the new N200, N500, and N1000 naira notes in Abuja The new Naira notes were presented precisely 28 days after the governor of the Central Bank of Nigeria, CBN announced the decision. The CBN has also decided to change the date on which the Naira notes will enter circulation and
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the new naira notes will now be introduced today (November 23) as opposed to the earlier date of December 15, 2022. Emefiele who announced the decision on Tuesday, said expectation is to ensure that by Jan. 31, all current N200, N500 and N1000 denominations
The CBN announced of their plan to Redesign N200, N500 And N1,000 Notes this year. This announcement was greeted with so much reactions from Nigerians with many saying it was ill-timed and unnecessary. However, some are of the opinion that it would help fight the so much money politicians and others are hoarding especially as