The Central Bank of Nigeria (CBN) has denied that it mandated deposit banks to collect N500, and N1,000 old banknotes from depositors.
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The Central Bank of Nigeria (CBN) has denied reports that it is still taking deposits of the old N500 and N1,000 Naira notes.
ASHENEWS reports that the Presidency has that the Federal Government or the Central Bank of Nigeria (CBN) had not disobeyed the ruling of the Supreme Court by refusing to recognise old N200, N500 and N1,000 notes as legal tender.
For refusing to accept old Naira notes from customers, the Kano state Governor, Dr. Abdullahi Umar Ganduje has directed the acting chairman of the State Consumer Protection Council, Baffa Babba Dan’agundi to shut down Wellcare supermarket.
ASHENEWS reports that the Nigerian Security Printing and Minting Company (NSPMC) says it has made adequate arrangement to continuously produce the newly redesigned banknotes as well as other denominations in line with the Central Bank of Nigeria (CBN) indent for the year 2023.
The Central Bank of Nigeria (CBN) has denied reports that its Governor, Godwin Emefiele, told the Council of State on Friday that the current shortage of new Naira notes is because the Nigerian Security Printing and Minting Company (NSPMC) Plc has no printing materials for the new notes.
Residents of Abakaliki have urged the federal government to, as a matter of urgency, address the nation in a nationwide broadcast on the suspension/extension of the deadline for the old naira note swap.
Investigations have shown that the Enugu residents started rejecting the old naira notes for transactions from those still holding them.
As the currency crisis bites harder, with Nigerians now rejecting old Naira notes following the Central Bank of Nigeria (CBN’s) February 10 deadline, Zamfara state governor, Bello Muhammad, has ordered the arrest of anyone in the state who rejects the old N200, N500 and N1,000 denominations.
The African Development Bank (AfDB) has appointed Ahmed Rashad Attout as Acting Director, Financial Sector Development Department, effective 1st December 2022.