Business

Breaking: CBN Speaks On Extension For Use, Deposit Of Old Naira Notes

VOICE AIR MEDIA NEWS UPDATE

THE Central Bank of Nigeria has insisted that there is no going back on the January 31 deadline for the old 200, 500 and 1,000 naira notes, as they will cease to be legal tender in the country.

The CBN Governor, Godwin Emefiele reiterated the CBN stance after the apex bank’s Monetary Policy Committee meeting in Abuja on Tuesday.

Emefiele also insisted that enough time was given to Nigerians to swap their old naira notes for new ones.

This is as he also said that kidnapping and ransom-taking had reduced since the three banknotes were redesigned.

Many Nigerians have however lamented the unavailability and scarcity of the new notes, decrying that banks up till today, were still giving out the old naira notes to customers with the deadline only a few days away.

Details later…

VAM News

View Comments

Recent Posts

LG funds: ALGON slams Osun APC over violation of Council finance law

The Association of Local Governments of Nigeria (ALGON), Osun State, says the handling of local…

52 minutes ago

Birthday: OOPA Celebrates Osun Governor’s Spokesperson, Olawale Rasheed

News Update The Osun Online Publishers Association (OOPA) extends the warmest and most heartfelt birthday…

8 hours ago

Police block NLC, TUC protest in Abuja over Wike dispute

The Federal Capital Territory, FCT Police Command has urged the Nigeria Labour Congress, NLC and…

14 hours ago

FAAC distributes revenue money to FG, States, LGs

The Federation Account Allocation Committee, FAAC, shared a total sum of N1.969 trillion as the…

15 hours ago

2 police officers arrested for robbery

THE Benue State Police Command has confirmed the arrest of two serving police sergeants in…

15 hours ago

Islamic cleric Sheikh Rigi-Rigi Kusfa dies at 57

A renowned Islamic cleric in Zaria, Sheikh Usman Idris, popularly known as “Rigi-Rigi,” has died…

16 hours ago