• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Tuesday, July 1, 2025
No Result
View All Result
NewsNet Nigeria
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos
NewsNet Nigeria
No Result
View All Result
Home Economy

Deposit of old Naira notes continues after Feb. 10

by NewsNet Nigeria
2 years ago
in Economy
Again, CBN insists on Jan. 31 deadline for use of old naira notes

CBN Governor, Godwin Emefiele

Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that banks will continue to accept old naira notes after the February 10 deadline.

Emefiele who made this known on Tuesday in Abuja when he appeared before the House of Representatives Ad hoc Committee on the currency redesign and naira swap policy added that the apex bank will also continue to collect the old naira notes from commercial banks after the stipulated deadline.

On the redesigning of the naira, he explained that the CBN’s actions were in line with international best practices and the apex bank has to be in control of the currency in circulation.

Emefiele said in 2015 N1.4 trillion was in circulation, and by 2022 it had risen to N3.33 trillion.

He explained that the reason for directing banks to ensure only ATM withdrawals was to limit the daily withdrawal of individuals.

The CBN boss decried the trend of the new notes being sighted at parties and stated he was in meetings with commercial banks to mitigate it.

Emefiele agreed that the policies would hurt some persons but claimed it was in the interest of the country especially in combating insecurity.

NAIJA NEWS

Previous Post

Delta govt denies fresh loan of N100b, says N20b new loan for Gas floating project in Warri

Next Post

Police disrupt Project 774 rally for Tinubu in Niger State

MORE NEWS

Deaconess Oborevwori distributes another round of food items under RHI to 400 households in Delta
Economy

Deaconess Oborevwori distributes another round of food items under RHI to 400 households in Delta

June 25, 2025
Obi of Issele-Mkpitime commends Senator Ned Nwoko for ongoing community projects
Economy

Obi of Issele-Mkpitime commends Senator Ned Nwoko for ongoing community projects

June 8, 2025
Okumagba congratulates Oborevwori on 2nd anniversary, says Governor has been impactful
Economy

Okumagba congratulates Oborevwori on 2nd anniversary, says Governor has been impactful

May 29, 2025
Adjogbe applauds Oborevwori’s massive development strides in two years
Economy

Adjogbe applauds Oborevwori’s massive development strides in two years

May 29, 2025
Next Post
Edo Train Attack: Abducted passengers freed – NRC

Police disrupt Project 774 rally for Tinubu in Niger State

Leave Comment

RECENT STORIES

Public hearing on Senator Nwoko’s sponsored Bill to upgrade Federal College of Education (Technical), Asaba to Federal University of Technology holds May 28

85 senators endorse creation of Anioma State ahead zonal public hearings

July 1, 2025
Senator Nwoko, his wife, Regina Daniels get accolades from stakeholders for commitment to development of Nigeria’s film industry

Senator Nwoko, his wife, Regina Daniels get accolades from stakeholders for commitment to development of Nigeria’s film industry

June 30, 2025
Auto Draft

Waive pays homage to Udu monarch, pledges total allegiance

June 30, 2025
Delta Speaker calls for stakeholders’ commitment to advancing Nigeria as 10th Benue Assembly holds 2nd Anniversary Thanksgiving Service

Delta Speaker calls for stakeholders’ commitment to advancing Nigeria as 10th Benue Assembly holds 2nd Anniversary Thanksgiving Service

June 30, 2025
Senator Ned Nwoko Felicitates Dein of Agbor on 48th Birthday

Senator Ned Nwoko Felicitates Dein of Agbor on 48th Birthday

June 30, 2025

TRENDING STORIES

  • Abel Ideh: Don’t Meddle In Our Internal Affairs, DELSU-ASUU Warns DTHA

    Abel Ideh: Don’t Meddle In Our Internal Affairs, DELSU-ASUU Warns DTHA

    0 shares
    Share 0 Tweet 0
  • Tinubu, Jonathan, Akpabio, Others Set for Chief Wellington Okirika Biography Launch on June 26

    0 shares
    Share 0 Tweet 0
  • Delta: Native Doctor Arrested for Concealing Firearms in Ceiling

    0 shares
    Share 0 Tweet 0
  • S’Court Dismisses Second Attempt At Appeal By Dieyi Family In Ogwashi-Uku Royal Dispute

    0 shares
    Share 0 Tweet 0
  • ‘Tehran will shake’, says Israeli Finance Minister as Iran reportedly breaks ceasefire

    0 shares
    Share 0 Tweet 0
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.

No Result
View All Result
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.