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

Man Scales 10 Foot Fence Into Lions Den-Lions Maul Man To Death

A man, described as middle-aged, was mauled to death by a lion after he climbed into a zoo enclosure in the capital, Accra, Ghana. Unfortunately, the man died from his injuries after Sunday's attack, officials report. The Ghana authorities have began investigation on the subject, that has left many in Ghana in awe. Police have commenced an investigation to establish the motive of the intruder and circumstances surrounding the attack. Wildlife authorities suspect he may have planned to steal two rare white lion cubs which have become a big draw since their birth last November. The victim's body was retrieved from the zoo and taken to a local morgue. The Accra Zoo has been temporarily closed to the public following the incident. A lion, a lioness and their two white cubs were in the enclosure when the incident happened. "The lions have cubs so if you come too close they may feel you are trying to take away their babies," Deputy Minister for Lands and Natural Resources B...
4 comments
Read more

Christmas-Federal Government announces free transportation by Train

Yuletide: FG Declares Free Passenger Train Rides. The Federal Government through the Ministry of Transportation has in the spirit of Christmas declared passenger trains across the Nigerian Railway Corporation (NRC) system free of charge during the period. According to a communique from the Nigerian Railway Corporation (NRC), this gesture is to enable Nigerians to travel and celebrate Christmas. The spokesman for the corporation, Yakub Mahmood, said passengers trains on both standard and narrow gauge lines, which include Abuja to Kaduna, Lagos to Ibadan, Warri to Itakpe, Kano to Lagos, Minna to Kaduna, Abba to Port Harcourt routes are now all free from today Friday 24th December 2021 to Tuesday 4th January 2022 inclusive. The NRC, however, noted that all boarding tickets due process by “valued customers must be complied with but not paid, while COVID-19 protocols also must be strictly observed on board”. While wishing all Nigerians a happy Christmas and prosperous New Year, the corporat...
2 comments
Read more

Happy Mother's Day

HAPPY MOTHER'S DAY EVERYONE  MY MOTHER, POEM BY ANN TAYLOR  Who fed me from her gentle breast, And hush’d me in her arms to rest, And on my cheek sweet kisses prest? My Mother. When sleep forsook my open eye, Who was it sung sweet hushaby, And rock’d me that I should not cry? My Mother. Who sat and watched my infant head, When sleeping in my cradle bed, And tears of sweet affection shed? My Mother. When pain and sickness made me cry, Who gazed upon my heavy eye, And wept for fear that I should die? My Mother. Who dress’d my doll in clothes so gay, And taught me pretty how to play. And minded all I had to say? My Mother. Who taught my infant lips to pray, And love God’s holy book and day. And walk in Wisdom’s pleasant way? My Mother. And can I ever cease to be Affectionate and kind to thee, Who was so very kind to me? My Mother. Ah, no! the thought I cannot bear; And if God please my life to spare, I hope I shall reward thy care, My Mother. Who ran to help me when I fell, And w...
5 comments
Read more