The Central Bank of Nigeria,CBN, has directed all commercial banks to open for operation on Saturdays and Sundays to provide the notes released to them physically to customers and ensure that their ATMs are loaded. This is just as the Nigerian Labour Congress gets set to picket CBN offices nationwide over persistent naira scarcity. TheContinue reading “Just In..Banks To Open on Saturdays& Sundays To ease Cash Crunch. *Emefiele Leads Compliance Monitoring.”
Tag Archives: Commercial Banks
Reject Old Naira Notes, Go To Jail..Erring Banks To Be Sealed Off!
Kogi state Government has warned individuals and business Organisations not to reject the old naira notes, to avoid being prosecuted. This was contained in a Press statement signed by Commissioner for Information and Communication, Kingsley Fanwo . The statement also noted that banks that refused to accept old naira deposits shall be sealed off asContinue reading “Reject Old Naira Notes, Go To Jail..Erring Banks To Be Sealed Off!”
Naira Riots Videos: One Day,One Trouble! *One Dead,Scores Maimed.
From Lagos,to Ogun, Edo Delta and Oyo,naira Riots all over the Federation! Irate Nigerians who could not get cash to buy food ,fuel and for other business transactions took to the streets to express their anger ! In Delta State,Access Bank building was set ablaze. In Edo state, a protester got killed. Ibadan ,Oyo State,theContinue reading “Naira Riots Videos: One Day,One Trouble! *One Dead,Scores Maimed.”
Just In…Old Naira Notes Can Be Redeemed After Feb 10 Deadline- Emefiele.
The Central Bank Governor, Godwin Emefiele has said banks would continue to receive old naira notes and swap them fir new ones after they stopped being legal tender on February 10. The CBN boss said this is in conformity with the provisions of section 20 sub-section3 of the CBN Act. He made the clarification onContinue reading “Just In…Old Naira Notes Can Be Redeemed After Feb 10 Deadline- Emefiele.”