• Home
    • Login
  • About Us
  • Latest
  • Register
Calabargistblog
Advertisement
  • Home
    • Login
  • About Us
  • Latest
  • Register
No Result
View All Result
  • Home
    • Login
  • About Us
  • Latest
  • Register
No Result
View All Result
Calabargistblog
No Result
View All Result
Home Latest

CBN orders banks to pay new naira notes over the counter — N20k maximum » YNaija

admin by admin
February 2, 2023
in Latest
0
CBN orders banks to pay new naira notes over the counter — N20k maximum » YNaija
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Central Bank of Nigeria (CBN) has instructed commercial banks to begin providing the redesigned naira notes to customers over the counter.

In a statement released on Thursday, the Central Bank of Nigeria (CBN) said that the new instruction aims to alleviate the difficulties Nigerians are having in gaining access to the new banknotes and minimize lines at ATMs countrywide.

Since announcing the naira redesign strategy in October of last year, the Central Bank of Nigeria (CBN) has made multiple reversals.

Following the announcement and introduction of the redesigned naira notes into circulation on 15 December 2022, the central bank instructed deposit money banks (DMBs) to cease issuing the new notes over the counter.

But the mandate, along with the policy’s numerous other limitations, has caused difficulty for Nigerians, who are scrambling to deposit their old notes (N200, N500, and N1,000) before the new February 10 deadline.

Residents have also been observed swarming ATMs in an attempt to obtain the new currency.

The apex bank stated in a statement signed by Osita Nwanisobi, director of corporate communications for the CBN, that it was addressing issues with access to the redesigned notes.

“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,” CBN said.

“While reiterating our commitment to Nigerians to ensure the effective distribution of the newly introduced naira banknotes, we urge them to exercise patience as the CBN is working assiduously to address the challenge of queues at ATMs. In line with this resolve, the Govenor, Mr. Godwin Emefiele, has directed deposit money banks (DMBs) to commence the payment of the redesigned naira notes over the counter, subject to a maximum daily payout limit of N20,000.

“We also admonish members of the public to embrace and adopt other payment channels for their transactions.”

YNaija
Post Views: 37
Previous Post

Simi launches new children’s clothing line

Next Post

Despite Being Sacked by Tribunal, Gov Adeleke Gives Crucial Order in Favour of Osun Workers

admin

admin

Next Post
Despite Being Sacked by Tribunal, Gov Adeleke Gives Crucial Order in Favour of Osun Workers

Despite Being Sacked by Tribunal, Gov Adeleke Gives Crucial Order in Favour of Osun Workers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BREAKING: Ex-Northern Governor, Supporters Officially Dump APC

BREAKING: Ex-Northern Governor, Supporters Officially Dump APC

January 24, 2023
Unical Student allowed to die in campus clinic because of 200 medical card

Unical Student allowed to die in campus clinic because of 200 medical card

January 28, 2023
Wike Endorsed Tinubu? Rivers Governor Approves Stadium for APC Presidential Rally Free of Charge

Wike Endorsed Tinubu? Rivers Governor Approves Stadium for APC Presidential Rally Free of Charge

February 9, 2023
Just In: After Losing Senatorial Election, Popular PDP Gov Orders Mass Promotion of Civil Servants

Just In: After Losing Senatorial Election, Popular PDP Gov Orders Mass Promotion of Civil Servants

March 9, 2023
Alex Ekubo in yet another relationship drama

Alex Ekubo in yet another relationship drama

0
Moment Gov Ayade Removes His Eyeglasses After Seeing Naked Women With Dangling Bo*bs Perform Cultural Dance

Moment Gov Ayade Removes His Eyeglasses After Seeing Naked Women With Dangling Bo*bs Perform Cultural Dance

0
See How Alex Ekubo forced His Fiancee` to Have Sex with other Men.

See How Alex Ekubo forced His Fiancee` to Have Sex with other Men.

0
calabargistblog.com.ng Weekly Price Check: Lagos Trader Reacts as Bag of Egusi Sells for N220,000 in Popular Market

calabargistblog.com.ng Weekly Price Check: Lagos Trader Reacts as Bag of Egusi Sells for N220,000 in Popular Market

0
Lojay – MOTO (Song)

Lojay – MOTO (Song)

March 26, 2023
2023 Governorship Election Results: Updated List of States Won by APC, PDP, NNPP, LP So Far

2023 Governorship Election Results: Updated List of States Won by APC, PDP, NNPP, LP So Far

March 26, 2023
Unpaid ₦30k sparked my 17-year feud with Basketmouth

Unpaid ₦30k sparked my 17-year feud with Basketmouth

March 25, 2023
HurriKane – “OMELEME (Goosebumps)”  ft. K33Tay

HurriKane – “OMELEME (Goosebumps)”  ft. K33Tay

March 25, 2023

Recent News

Lojay – MOTO (Song)

Lojay – MOTO (Song)

March 26, 2023
2023 Governorship Election Results: Updated List of States Won by APC, PDP, NNPP, LP So Far

2023 Governorship Election Results: Updated List of States Won by APC, PDP, NNPP, LP So Far

March 26, 2023
Unpaid ₦30k sparked my 17-year feud with Basketmouth

Unpaid ₦30k sparked my 17-year feud with Basketmouth

March 25, 2023
HurriKane – “OMELEME (Goosebumps)”  ft. K33Tay

HurriKane – “OMELEME (Goosebumps)”  ft. K33Tay

March 25, 2023

Navigation

  • Home
  • About Us
  • Register
  • Login
  • Tech
  • Entertainment
  • Lifestyle
  • Review
Calabargistblog

We are your premium lifestyle blog for everything Calabar and the South-South region of the Country.

Follow Us

Recent News

Lojay – MOTO (Song)

Lojay – MOTO (Song)

March 26, 2023
2023 Governorship Election Results: Updated List of States Won by APC, PDP, NNPP, LP So Far

2023 Governorship Election Results: Updated List of States Won by APC, PDP, NNPP, LP So Far

March 26, 2023
  • Home
  • About Us
  • Latest
  • Register

© 2022 Calabargistblog | Designed with ❤️ By Fortmich

No Result
View All Result
  • Home
    • Login
  • About Us
  • Latest
  • Register

© 2022 Calabargistblog | Designed with ❤️ By Fortmich

Loading