• Colors: Cyan Color

By Mohammed Nasir Shuaibu (Bauchi State Correspondent)

Towards addressing the challenges associated with CBN's cashless policy as it affects the financial transactions of Village Saving and loans Associations (VSLAs), the Bauchi State Agency for Sustainable Micro-Finance has unveiled measures to forestall any perceived hardships that may arise as a result of the Cashless policy.

  • * Orders Commercial Banks To Open For Customers On Saturday And Sunday
  • Emefiele To Personally Monitor Bank's Compliance With CBN Directive

The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations. The CBN has also directed all commercial banks to open for operation on Saturdays and Sundays.

By Jvinn Okafor (Managing Editor/Head Economy Desk)

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on Sunday, gave explanations on why the apex bank shifted the deadline for exchange of old Naira currencies with Money Deposit Banks from Tuesday January 31, to Friday February 10, 2023. Emefiele in a statement on Sunday January 29, 2023, said after holding a brief consultation with President Muhammadu Buhari to provide him with updates about the on-going implementation status of the CBN currency redesign program,it was resolved that a little window should be created to enable more Nigerians return the banks all legitimate old notes still in their possession.

  • * Security Agencies To Monitor Cash Withdrawal Across Bank Counters
  • New Notes To Begin Circulation Ahead Of December 15 Earlier Date

  • Naira To Be Redesigned, Re-issued Every Five To Eighth Years Henceforth, Says CBN Gov, Emefiele

By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

The much awaited new naira notes of N200, N500 and N1,000 were formally unveiled on Wednesday, December 23, 2022, at the Council Chamber of the Presidential Villa, Abuja, by President Muhammadu Buhari. The president publicly presented the new notes during the weekly Federal Executive Council (FEC), meeting which he presided over.

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