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

Asiwaju Bola Ahmed Tinubu, Wins Big In Governor Nyesom Wike's Local Government Area

The presidential candidate of the All Progressives Congress (APC) Asiwaju Ahmed Bola Tinubu, has won the Obio-Akpor, the Local Government Area of Governor Nyesom Wike in Rivers State by a landslide. Tinubu polled 80,239 votes to defeat the Candidate of the Labour Party (LP), Peter Obi, who came a distant second with 3,829 and the People’s Democratic Party (PDP), who got 368 votes.
Post a Comment
Read more

MOVIE TICKETS-N2.4Billion Spent By Nigerians

N2.4 Billion On Movie Tickets In 2021, Spent By Nigerians— Report The report revealed that the highest ticket sales, N650m, were recorded during the holiday season from December 24, 2021, to January 2, 2022. Despite the economic hardship, the Cinema Exhibitors Association of Nigeria (CEAN) has revealed that Nigerians spent over N2.4 billion on movie tickets in 2021. Also, the report revealed that the highest ticket sales, N650m, were recorded during the holiday season from December 24, 2021, to January 2, 2022. ‘Spiderman: No way home,’ ‘Christmas in Miami,’ and ‘Aki & Pawpaw’ were named the top three most viewed films in December. The report also noted that 2021 saw a 100 per cent increase in ticket sales from N1.2billion in 2020. In 2019, revenue from ticket sales was N4.1 billion. Similarly, at the close of 2021, a post-pandemic year, AY’s ‘Christmas in Miami’ led the list of the highest-grossing movies in the year, with total revenue of N205.78m within the first two weeks of it...
7 comments
Read more

Japanese Billionaire-who spent $80m on space travel urges World leaders to visit space

Japanese billionaire who spent $80 million flying to space said world leaders should do the same because it gives you a new perspective on Earth. (The picture above, shows Japanese billionaire Yusaku Maezawa in the International Space Station (ISS) on December 9, 2021.Yusaku Maezawa/Instagram/Reuters). Yusaku Maezawa spent some $80 million on a 12-day trip to the International Space Station. Despite criticism, he has enthusiastically recommended the experience since returning. On Wednesday he said the trip gave him a sense of perspective that world leaders could benefit from. A Japanese billionaire who recently spent around $80 million on a pleasure trip to the International Space Station (ISS) said that he would urge others to do the same, especially people in charge of things on Earth. Yusaku Maezawa, 46, returned on Monday from a 12 day-long commercial trip to the ISS. "I would like as many people as possible — and as many people with power and influence — to visit space,"...
2 comments
Read more