The Central Bank of Nigeria has allocated N120 million of the new currency to four commercial banks for disbursement to residents of Katsina State through registered agents as part of efforts to ensure the availability of the new notes in the state.
“And the agents are supposed to collect from the banks N500,000 per week to disburse in their communities. We know that there are some communities where there are no banks, and it’s difficult for people in those places to go and deposit their old currency to get the redesigned ones.” The CBN director of currency operations warned banks agents, especially those operating Point of Sale machines to desist from overcharging customers or face sanction from the bank.
This is a lie from the pit of hell. CBN said N120 million for cash swaps in rural areas and not banks.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CBN expands e-payment with new domestic cardThe Central Bank of Nigeria on Thursday launched the Nigerian National Domestic Card Scheme to boost the electronic payment system in the country. Follow me yall I’ll follow back🥺 Confused people Wow !
Source: MobilePunch - 🏆 8. / 63 Read more »
New naira: Extend deadline, Ganduje, clerics urge CBN - Punch NewspapersThe most widely read newspaper in Nigeria CBN governor reacts We go bank to submit old notes, we go to the ATM and withdraw the same old notes🤣🤣🤣
Source: MobilePunch - 🏆 8. / 63 Read more »
New Naira Notes: CBN, NOA remind Nigerians of 31st January deadlineThe News Agency of Nigeria (NAN) reports in Minna on Friday that the sensitisation was being carried out across the 25 local government areas of Niger.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Worries in Rivers over CBN deadline as new notes circulates slowlyThere is palpable fear and heightened anxiety among Rivers Residents over next week's CBN deadline (January 31st) for the old naira notes following the obvious scarcity of the new naira notes.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
New Naira Notes: Ganduje urges CBN to extend deadline of old notes depositA few days before the 31st January, deadline, Kano State Government has urged the Central Bank of Nigeria (CBN) to urgently consider the extension of the monetary policy. The same Ganduje that we know? So, apart from dollar bribes, he also has space for Naira in his babaringa? It's still them. Corrupt politicians. Asking for an extension. The real business people have adjusted and are not asking for any extension. Never 👎
Source: GuardianNigeria - 🏆 1. / 94 Read more »
CBN working to prevent chaos over distribution of new naira notes, says Buhari | TheCablePresident Muhammadu Buhari says efforts are ongoing to ensure improved distribution of the new naira notes. cenbank MBuhari I support MBuhari and cenbank on this policy It is a lie from the pit of hell,is present Buhari from Nigeria who afflicted the life of citizens for complete eight years and even did not care, people were killed among other tribes in thousands and nobody has ever been prosecute for the atrocities of Boko haram and herdsmen cenbank MBuhari Buhari fit go kiss my black ass sha 🤗
Source: thecableng - 🏆 2. / 80 Read more »