₦airaland Forum

Those waste bins caught my attention.

The Central Bank of Nigeria has finally concluded plans to release all N1,000, N500 and N200 notes in its custody to Deposit Money Banks, The PUNCH can report authoritatively.

This decision is expected to end months of hardships and pains Nigerians have been going through following a controversial CBN naira redesign policy that has caused a severe shortage of old and new naira notes across the country.

The CBN’s latest decision came several weeks after the Supreme Court ordered that old N1,000, N500 and N200 notes should remain legal tender until December 31, 2023.

On Wednesday night, top officials of the CBN and commercial banks confirmed to The PUNCH that the CBN Governor, Godwin Emefiele, had directed DMBs to begin the disbursement of old N1,000, N500 and N200 notes to members of the public effective Thursday (today).

According to him, the CBN will also start releasing old notes to commercial banks from Thursday.

The PUNCH learnt Emefiele met with the chief executive officers of DMBs on Wednesday evening where he told them that the central bank would start releasing all old notes in its custody to commercial banks effective Thursday (today).

Sources at the meeting said the CBN would also be cancelling all the controversial cash withdrawal limits it put in place in recent months.


Also, it was learnt the CBN would start by releasing crisp old notes to DMBS after which the ones deposited by commercial banks will also be released.

Furthermore, the CBN stated at the meeting that bank customers would no longer be required to generate any code before depositing their old notes.

One of the bank CEOs at the meeting, who spoke on condition of anonymity, said, “The CBN governor met with bank CEOs this evening virtually. It was a short meeting that lasted for just about 15 minutes. The governor said all old N1,000, N500 and N200 notes will be released to commercial banks beginning from Thursday. The CBN will start with crisp old notes after which the ones deposited by DMBs will be returned. The plan is to flood the economy with cash and ameliorate the challenges Nigerians have been passing through.“

https://punchng.com/nlc-protests-cbn-to-flood-banks-with-old-naira-notes/?amp

lol. Two Clowns.

This whole thing beggars belief.

Is it that the National Assembly is not relevant in this matter as the custodians our Democracy.

Emefiele just increased rate to 18%.

Emefiele is the personification of Trial and Error

King Solomon once faced this kind of issue.

Obi is more of the custodian of Democracy in Nigeria. such kind of person cannot be a leader.

The Fat Big Mary should just shut up her mouth in this affair.

Dependent.

You must be a fiend for wanting all of these except you are superman.

Why is Obi so much interested in crowd approval. He just wants to remain in the limelight as a presidential candidate which is forgotten about already. I pity his supporters. I'm sure baba-Ahmed Datti will not like this shit Obi is robbing on him as a defeated V president aspirant.

Peter will be forgotten soon

Na wa o

Obviously thes people might just be as incompetent.

If really you win, why cancellation?
Fight for your mandate to the core.


Tinubu will certainly laugh over this.

As i grow i begin to disincline myself from people who i assumed to be big figures because i realised most of them still got that little mind which has very little to do with their arts.

Faith in your prayer should be able to make you get over it. If you truly prayed to a God you are faithful.

one of the reasons why he thinks he deserves to be senate president; he has not changed his phon no. for the past 20yrs.


WTF

The LP people are imposing themselves as the custodian of Nigerian Democracy, just for the sake of it.

Russians still having surplus, despite.

Russians still having surp

lol

What is the use of sophisticated technology in the hand of people who lacks proper Education.


What is the use of cashless policy in a country whose half of her citizens are not properly education, whose half of the locations do not have access to bank and Internet.


Nigeria should focus on this thing first.



Education us. Reduce illiteracy to the bearest minimum

This is the kind of unity that brings progress. Oyabanji came with a plan.

Ekiti might have sold their votes in the past. Ekiti is on her way to political growth.

While some are wailing about Ekiti past, Ekiti herself is looking to create a better future.


Go to your individual states and look what is happening there. No one is in anyway better off. I mean on a general note.

As far as lagos is concern and Nigeria is concern. Igbos in lagos are taking 10miles already.

Lagos is a core southwest and yoruba state. They are only immigrants turned citizen. They should respect that. They should stop intimidating the yorubas in their state. They are more like second citizen in lagos. They never forget their Origin.

Why can't the western states by now realise we don't solicit them

You gave us break down of the poll and said inconclusive. Mayb we should conclude for you.
PDP wins
lol

I dey always fear do deal with anybody carrying cross bag.

EU

lol.

A king should not be a slave to his opinion

Should he not be arrested for the crime he was caught committing at a place because other people doing thesame somewhere are avoiding arrest.

Chude should be allowed to prove himself innocent instead of online sentimental trolls getting themselves busy.

People can't just keep quite.

Good Joe should better keep silent these days and not further expose his unpreparedness for that clueless and puppetish governance he subjected us to.

IGoComotYaTeeth:
this one's life is irredeemable 😂

..

I'm highly redeemable man. I got God!