NEW NAIRA NOTES Archives - Page 3 of 3

Naira redesign: “Extend deadline” � ACF appeals to FG

January 29, 2023January 29, 2023 Aminu Imam

The Arewa Consultative Forum, (ACF), has appealed to the Federal Government to extend the deadline for the expiration and collection of old naira notes in the country. This is contained in an issued statement by the ACF’s Publicity Secretary, Kano State chapter, Bello Galadanci, yesterday. The statement said the January 31 deadline set by the Federal Government had almost grounded socio-economic activities in the State. It added that people�s refusal to accept the old naira notes in commercial transactions, out of fear of possible inability to deposit the notes in…

Naira Currency: “You target the rich, but will harm the poor, extend deadline” – NLC tells CBN

January 27, 2023January 27, 2023 Aminu Imam

President of the Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, yesterday, joined the Red Chamber of the National Assembly on the call for the Central Bank Of Nigeria (CBN), to extend the date for the stoppage of the use of the highest denominations of Nigeria�s currency. Comrade Wabba made this call when he responded to questions during a media engagement with members of the Labour Correspondents Association of Nigeria, (LACAN), in Abuja. The NLC President strongly kicked against the insistence of the CBN to implement its policy on none usage…

CBN to fine Commercial banks not paying out new Naira notes 1 million naira per money box daily

January 20, 2023January 20, 2023 Abdul-Azeez Ahmed Kadir

Central Bank of Nigeria (CBN), on Friday, said that any commercial bank that failed to pay the new naira notes to customers would be fined N1 million per money box on daily basis. CBN Governor, Godwin Emefiele, made this known at a sensitisation organised for market women operating at Ayegbaju International Market, Osogbo, on the new naira notes, eNaira and other related matters. Emefiele, represented by a CBN Deputy Director, Adeleke Adelokun, said that the apex bank had printed enough naira notes, but observed that commercial banks were not collecting…