gtag('config', 'G-4J8L8BEK7P');
Connect with us

Hi, what are you looking for?

National

NAIRA REDESIGN: CBN RECEIVES N165BN WORTH OF OLD NOTES

The Central Bank of Nigeria (CBN) has received a total of N165 billion so far following its call on Nigerians to deposit all old notes in circulation.

CBN’s Director of Currency Mr. Rasheed Adams said this at a post-briefing of the Monetary Policy Committee (MPC) meeting in Abuja on Wednesday.

He explained that the figure is far beyond the total receipts it expects, one month after the announcement was made.

Advertisement. Scroll to continue reading.

Mr. Rasheed expressed concerns that in spite of some waivers by the apex bank on deposits, just a few Nigerians have come forward, stressing that there will be no extension on the January 23rd, 2023 deadline.

The Central Bank of Nigeria also noted that a total of N2.7 trillion is currently outside the banking system.

 

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply

Your email address will not be published.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

In other news

National

President Muhammadu Buhari unveiled the redesigned naira notes of N200, N500, and N1000 at the Council Chamber of the Presidential Villa Abuja on Wednesday....

National

The Central Bank of Nigeria has reemphasised the need for Nigerians to handle the new naira notes with dignity as strict consequences await those...

National

The Senate at its sitting on Wednesday has resolved to provide legislative support to the Central Bank of Nigeria (CBN) for the redesign of...

Health

The Federal Government has disclosed plans to construct six facilities in order to tackle the scourge of cancer amongst the populace. This was revealed...

National

Former Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi has claimed that plans to introduce N5,000 notes have not been forgotten. Plans...

Court

The Abuja Division of the Federal High Court has ordered the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, to appear in court on...

Advertisement