CBN naira note

Peoples Democratic Party (PDP) presidential candidate Atiku Abubaka has counselled the Central Bank of Nigeria (CBN) not to extend the deadline for swapping of ...

“The central bank needs to enlighten the public on grey areas about the scarcity of the new naira notes in addition to strengthening its policy implementation capacity. “With the launch of the redesigned naira notes last December, expectations were high for the smooth transition to the use of the new notes for business transactions across the country,” LCCI Director General Chinyere Almona said in a statement. The LCCI argued the inability of the CBN to properly plan and implement the phasing out of old naira notes has caused a serious strain on businesses, according to reporting by

The Central Bank of Nigeria (CBN), has directed deposit money banks (DMBs) to commence the payment of the redesigned naira notes over the counter.

“The Naira is our legal tender and symbol of national pride. [Click here](https://infoguidenigeria.com/football-predictions-today/) “In line with this resolve, the Governor, Mr. “We have equally noticed the queues at Automated Teller Machines (ATMs) across the country and an upward trend in the cases of people stocking and aggregating the newly introduced banknotes they serially obtain from ATMs for reasons best known to them. [JAMB Result](https://infoguidenigeria.com/check-jamb-result-2/) [.](https://infoguidenigeria.com/check-jamb-result-2/) [Click here to subscribe!](https://infoguidenigeria.com/subscribe/) Hurry Now click here to Apply >> [.](https://infoguidenigeria.com/) Relocate to Canada Today!Live, Study and Work in Canada. [NYSC portal](https://infoguidenigeria.com/login-nysc-portal/) The CBN Governor, Mr.

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday directed deposit money banks (DMBs) to commence payment of the redesigned ...

They can buy anything and transfer money to whoever they are buying from. Meanwhile, piqued by the suffering being faced by the people due to the scarcity of the naira, the CBN, Ilorin branch, Kwara state has trained and sensitised over 30,000 super agents. The CBN Director of Consumer Protection, Ilorin branch, Mrs. Godwin Emefiele, yesterday directed deposit money banks (DMBs) to commence payment of the redesigned naira notes over the counter subject to a maximum daily payout limit of N20,000. President is not happy that citizens are suffering. So it's not all over. So it's not easy and Mr. Alake also commended the CBN for extending the deadline for depositing old notes and the swapping of old notes for new ones. "we've started to see inflation trending downwards and exchange rates relatively stable." She added that the extension of the deadline for spending the old naira notes had given people more opportunity to exchange their notes and deposit old notes in their accounts. Emefiele, in a statement by CBN Director, Corporate Communications Department, Mr. They were also given the sum of N500,000 cash each to ease the naira cash swap and availability of new naira notes in the state.

APC chieftain, Femi Fani-Kayode says history & posterity will punish Godwin Emefiele, the governor of the Central Bank of Nigeria for the new naira policy.

[PDP](https://www.legit.ng/tag/pdp-news-today/) and Atiku of already masterminding plots to buy votes at the forthcoming polls. [APC](https://www.legit.ng/tag/apc/) chieftain said the comments of Atiku were insensitive and does not portray a leader who understands the plight of the people. [the old naira note.](https://www.legit.ng/politics/1517832-2023-polls-history-surpass-atiku-vote-buying-powerful-apc-chieftain-reveals/) [Tinubu](https://www.legit.ng/tag/945-bola-tinubu/) ahead of the presidential election coming up in less than four weeks. [inducing voters through electronic means ](https://www.legit.ng/politics/1517832-2023-polls-history-surpass-atiku-vote-buying-powerful-apc-chieftain-reveals/)of payment to voters to vote for their party. [Atiku Abubakar](https://www.legit.ng/tag/1435-atiku-abubakar/) for supporting the new CBN Naira redesign policy.

On 26 October 2022, Godwin Emefiele, the Central Bank of Nigeria (CBN) governor, announced that new naira notes—200, 500 and 1,000 naira bills—will replace ...

Since their emergence, they have removed the need for many Nigerians to visit banks or ATMs for petty cash transactions, either money withdrawals or transfers. But many banks and ATMs have not been dispensing the new notes, leaving many without physical cash to perform their daily affairs. The bank staff are even very lackadaisical, it’s either they don’t have it or they are intentionally being inhumane,” said one resident of Abeokuta. He said this on Wednesday when he appeared before the House of Representatives’s committee in charge of the new naira notes. But though the CBN governor had said the old notes will become null by 31 January 2023, perhaps envisaging it would have been completely out of use by then, the reverse has been the case. The change was said to have many benefits, from combating crime to lowering inflation.

President Muhammadu Buhari says the Central Bank of Nigeria (CBN) assured him that there was “capacity, manpower and equipment” to print enough new naira ...

[allow both the old and new naira notes to co-exist](https://www.thecable.ng/breaking-apc-governors-ask-buhari-to-allow-old-new-naira-notes-co-exist) to ease the suffering of Nigerians. Speaking on Friday, the president said he demanded an “undertaking from the CBN that no new notes will be printed in a foreign country and they in turn gave him assurances that there was enough capacity, manpower and equipment to print the currency for local needs”. The Central Bank of Nigeria (CBN) had given a deadline of January 31 for the use of old notes — but it was recently

Nigeria President Muhammadu Buhari don ask im kontri pipo make dem give am seven days to solve di problem of lack of cash for di kontri.

But di transition from di old to new money cause serious cash scarcity. According to di president, im approve di policy based on CBN assurance say dem no go print di money for foreign kontri, and dem give am assurance say Nigeria get di “capacity, manpower and equipment to print di currency for local needs.” Buhari tok during di visit.

Member of the Lagos House of Assembly representing Oshodi Isolo Constituency 2, Hon. Jude Idimogu has berated the naira note swap policy, embarked upon by ...

Just close to 10 percent why put others into needless hardship? Member of the Lagos House of Assembly representing Oshodi Isolo Constituency 2, Hon. “Nigeria is a cash-based economy, issue of cashless policy ought to be gradual, imagine the network is not even helping the situation, it is hanging, before bringing any policy the hundreds of millions of populations that will be affected ought to be a basis for concern.

The Central Bank of Nigeria (CBN), on Friday, extended its currency swap sensitisation exercise to more local areas.

Kazeem Olatinmu while the one in Ibi local government is been led by the CBN Head of Banking Services in Taraba State, Hayatu Yahaya Shehu to ensure the villagers gain advantage of the Ten days extension for the currency swap” Hassan explained. CBN delegation have been drafted to more Communities of Yorro, Ardo-Kola and Ibi local to ensure success of the initiative. Hassan noted that the currency Swap Initiative was to help save communities who do not have access to bank, swap their old naira notes to the new notes.

apex bank extends cash swap to microfinance banks, engages 30,000 super agents ... The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has ...

Emefiele also said that the CBN is not considering extending the deadline for swapping the old naira notes with the newly redesigned ones. The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has restated that the apex bank is not considering extending the deadline for the swapping of the old naira notes with the newly redesigned naira notes. Emefiele said that the CBN acknowledges the pains Nigerians are facing in accessing the new naira notes and are working on closing the gaps observed in the circulation process.

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that the apex bank acknowledges the pains Nigerians are facing in accessing the new ...

[CBN Orders Banks To Pay New Naira Notes Over The Counter](https://www.channelstv.com/2023/02/02/breaking-cbn-directs-banks-to-begin-payment-of-new-notes-over-the-counter/) According to the CBN governor, the apex bank will extend cash swaps to microfinance banks and engage 30,000 super agents in the hinterlands as part of new measures to accelerate the circulation of new naira notes. The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that the apex bank acknowledges the pains Nigerians are facing in accessing the new naira notes and are working on closing the gaps observed in the circulation process.

The Central Bank of Nigeria (CBN) has again reiterated its desire to phase out the new Naira notes in the coming days despite pleas from Nigerians for ...

“I will revert to the CBN and the Minting Company. [Delta state](https://www.legit.ng/tag/delta-state-news-today/). [Nigerian police confirms.](https://legit.ng/1518085-man-reportedly-dies-standing-a-long-queue-withdraw-atm.html) [Lagos](https://www.legit.ng/tag/lagos-state-news-today/) on Friday. [Dave Ibemere](https://www.legit.ng/authors/dave-ibemere/) [Register for free now!](https://specials.legit.ng/legitmedialiteracy)

The Central Bank of Nigeria, CBN says it is working to address the challenges Nigerians are facing to have access to the new naira note.

President Muhammadu Buhari had earlier on Friday asked Nigerians to give him seven days to address the challenges they face while trying to get access to the new naira notes. The CBN governor assured Nigerians that efforts were on to extend cash swaps to microfinance banks and engage 30,000 super agents in the hinterlands to speed up the circulation of new naira notes. The Central Bank of Nigeria (CBN) says it is working to address the challenges Nigerians are facing to have access to the new naira notes.