Skip to main content

The CBN Reverses Its Decision And Sets New Limit On New Naira Note Withdrawal

The Central Bank of Nigeria had initially stopped the withdrawal of the new Naira notes over the counter, directing commercial banks to instead dispense the cash through their Auto Teller Machines (ATM) to the public.

Thursday, 2, February 2023, the apex bank has now backtracked on that decision, it is informing the commercial banks to resume over-the-counter withdrawal of the new N200, N500 and N1,000 notes.

The Central Bank of Nigeria, has set a new directive of a maximum daily payout limit of N20,000, consisting of redesigned Naira notes, to each customer. 

“In line with this resolve, the Governor, 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. 

“The Naira is our legal tender and symbol of national pride. Therefore, let us respect it and handle it with care,” CBN said in a circular released by its Director, Corporate Communications, Osita Nwanisobi.

Comments

Post a Comment

Type your comments here

Popular posts from this blog

GIST!

DJ Cuppy wants a special birthday gift from Elon Musk, who recently acquired Twitter.  A message to the World's richest man, Elon Musk from Nigerian disc jockey and music producer, Florence Ifeoluwa Otedola, professionally known as DJ Cuppy, or simply Cuppy below; Cuppy @cuppymusic · Follow It’s my 30th birthday soon! 11/11 So @ElonMusk can you pretty please gift me one free month ($7.99) of #TwitterBlue ??? After this, I promise to keep up with payments forever and ever and everrrrrrrr #CuppyDat 10:06 PM · Nov 9, 2022 14K Reply Share

23 children and 54 Others Camped In A Church, In Ondo State, Rescued By The Police

The Ondo State Police Command said a total of 77 people were found locked in the basement of a church; Whole Bible Deliverance Church located at Valentino Area of Ondo town, Ondo State, reports the Punch News. The police said that the victims comprised 23 kids and 54 others including teenagers and adults, males and females. It was alleged that the victims were kidnapped and kept in the underground apartment of the church for over six months before they were rescued. The church’s pastor and some other members are currently in the custody of the command while the police had begun investigation into the matter In a one-minute, 40 seconds video, a voice was heard saying, “There are kidnapped children found in the underground cell of a church in Valentino Area of Ondo. The pastor and some members of the church have been arrested and were also in the police patrol van.’’ One of the parents of the rescued victims, Mr Michael Olorunyomi, said that he left the church because of alleged wrong Bi...

In a Flash - Nigerian News Dailies

  The Nation  ● Two soldiers, five others killed as gunmen attack Soludo’s hometown. No fewer than six  persons were  feared killed in Governor Chukwuma Soludo’s Isuofia community, as gunmen engaged security operatives in a gun battle. Those who were said to have lost their lives in the community in  Aguata Local Government Area of Anambra State were two soldiers and four gunmen. The incident, The Nation was told, took place on Saturday morning in Soludo’s Isuofia community.  ● Democrats retain control of U.S. Senate. Despite some very tight races, Democrats have held on to their slim majority in the U.S. Senate. Punch  ● Debate: Presidential candidates lambast FG for corruption, insecurity. The presidential candidates of the African Action Congress, Omoyele Sowore; Action Democratic Party, Yabagi Sani; Social Democratic Party, Adewole Adebayo; and the All Progressives Grand Alliance, Mr Peter Umeadi, on Sunday night promised to retool the security arc...