The Central Bank Nigeria (CBN) has directed all commercial banks to open for operation on Saturdays and Sundays to ease scarcity of naira notes. This was disclosed in a statement shared on CBN social media handle. The statement reads, “CBN also directs all Banks to load their Automated Teller Machines (ATMs) as well as conduct physical operations in the banking Read More
The Central Bank of Nigeria (CBN) has debunked an alleged report that the governor of the apex bank had launched a fresh plot against the president-elect, Bola Ahmed Tinubu. A media platform had reported that a huge amount was mobilised through high-level CBN agents in Lagos state for the state governorship candidate of the Labour Party (LP), Gbadebo Rhodes-Vivour, for Read More
Following the implementation of a cashless policy in the country, Nigerians are currently facing challenges in a bid to withdraw money from their bank accounts. Blueprint shares pictures of Nigerians queuing to withdraw money from the Automated Teller Machines (ATMs) at the popular Wuse market in Abuja, on Wednesday.
With three days to the expiration of the old naira notes deadline, many Automated Teller Machines (ATMs) in major parts of Lagos and Abuja do not dispense either the old notes or the new naira notes, leaving customers stranded. The situation is further compounded by the fact that traders are also rejecting the old notes, asking consumers to pay with Read More
The redesigned Naira notes have been seen illegally sold by hawkers at Dadi Motor Park, Sabon Gari-Zaria, Kaduna state, at exorbitant prices. This is a result of the scarcity of new Naira notes across the country. According to the News Agency of Nigeria (NAN), a bundle of N200 notes was going for N30,000; N500 notes are being sold at N70,000 Read More
The Central Bank of Nigeria (CBN) has ruled out any possibility of extending or shifting the deadline on the deposit of the old naira notes. This was disclosed during a press briefing at the end of the first Monetary Policy Committee (MPC) in Abuja on Tuesday, January 24, 2023. Governor Godwin Emefiele apologised to Nigerians for not extending the deadline Read More
The Central Bank of Nigeria (CBN), said it has imposed a sanction of N1 million on banks that refused to pick up the new naira notes for circulation to members of the public. The Deputy Director, CBN, Adeleke Ademuyiwa, disclosed this during a sensitization programme at Ayegbaju market, Osogbo, Osun state, Friday. Responding to the allegation by market women that Read More
Point of Sale (PoS) operators have hiked their charges on transactions after banks began the implementation of the three percent charges on withdrawals of over N500,000 for individuals as stipulated in the new cash withdrawal limit policy which began operations on Monday January 9, 2023. The policy limits weekly cash withdrawal to N500,000 and N5 million for individuals and corporate Read More
For putting old notes in Automated Teller Machines (ATMs), the Central Bank of Nigeria (CBN), has issued warning to commercial banks. Its Director, Currency Operations, Mr Ahmed Umar, speaking on Monday, said the CBN’s directive was to implement the January 31 deadline withdrawal of old naira notes (N200, N500 and N1000) in circulation. “We, CBN management, have mandated banks to stop putting Read More
Following the viral video of the fake Naira notes reportedly circulating in the country, the Central Bank of Nigeria (CBN) has said that the banknotes are protected by some security features to enable the easy recognition of original notes. A pictorial identification shared on CBN’s Twitter account revealed how to dictate fake notes.
Few days after the Central Bank of Nigeria (CBN) distributed the redesigned naira notes, fake copies of the new N1000 naira notes are in circulation. An undisclosed Point of Sale (PoS) operator revealed this in a clip shared on social media Monday. He noted that a customer performed the transaction through his wife’s PoS.
Former presidential aide, Reno Omokri has hailed the Central Bank of Nigeria (CBN) following the unveiling of new Naira notes. This is as Nigerians mocked the new naira saying it’s not worth it. Reacting, Omokri said the naira was not redesigned for beauty, rather the CBN did it for economic and security reasons. He also said that the Dollar is powerful because of Read More
The Central Bank of Nigeria (CBN) has released it’s redesigned new naira notes. Blueprint had reported that the new notes will be unveiled on Wednesday. The new notes include N200, N500 and N1000.
President Muhammadu Buhari Wedne sday unveiled the redesigned new 1000, 500 and 200 Naira banknotes. The President unveiled the new banknotes at the Council Chambers of the Presidential Villa in Abuja shortly before the commencement of the weekly Federal Executive Council (FEC) meeting. Present at the ceremony were Secretary to the Government of the Federation, Boss Mustapha; Chief of Staff Read More
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