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Nairaland Forum / Nairaland / General / Business / It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 (64204 Views)
We Did Not Authorise Commercial Banks To Collect Old ₦500, ₦1000 Notes - CBN / ₦1 Trillion Old Notes Received By CBN, Banks - Emefiele / CBN Redesigns 200, 500 & 1000 Naira Notes (2) (3) (4)
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It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by jumper524(m): 3:36pm On Mar 07, 2023 |
Some commercial banks in Lagos have started issuing the old naira notes to customers at their various automated teller machines (ATMs) terminals and over the counter.https://www.thecable.ng/it-has-been-approved-by-cbn-banks-begin-dispensing-old-n500-n1000-to-customers/amp 26 Likes 9 Shares
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Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Fahdiga(m): 3:40pm On Mar 07, 2023 |
Traders are still rejecting it. CBN should issue a statement about this. 212 Likes 13 Shares |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by 28plus: 3:40pm On Mar 07, 2023 |
Does it mean that bank will give me my tomorrow if I go there? 8 Likes 1 Share |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by dagomia: 3:41pm On Mar 07, 2023 |
I can bet my Ball that, only the criminals both those in Power and the Bandits that are still in possession of the Old Note in Bulk. 23 Likes 1 Share |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by jumper524(m): 3:42pm On Mar 07, 2023 |
Fahdiga:if banks are issuing it, why should traders reject it? This country sef too like wahala and suffering. Seun please push to better audience. 120 Likes 8 Shares |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by loosecanon50(m): 3:44pm On Mar 07, 2023 |
The heading says one thing, the body of the message says something different. CBN should just take a stand already. Left for me, let them release the old notes they kept in their custody since, the masses have really suffered enough. Nigeria ain’t ready to go cashless yet. Common free and fair election we can’t achieve and they’re thinking of having a cashless society. 128 Likes 11 Shares |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Quest7777: 3:47pm On Mar 07, 2023 |
The whole Naira Though some people are still rejecting the notes, but that will certainly end by tomorrow when the info would have gone round. 15 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Cajal(m): 3:49pm On Mar 07, 2023 |
What else The purpose has been defeated Bola TINUBU has emerged as president elect against all odds 107 Likes 8 Shares |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by kokoA(m): 3:49pm On Mar 07, 2023 |
Very confused people. 12 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Jorussia(m): 3:50pm On Mar 07, 2023 |
I wrote here yesterday that CBN and fg won't make any statement concerning the return of old naira notes. Banks are going to quietly start using it as a legal tender until the old notes recirculate back into the society. 43 Likes 1 Share |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by FOLYKAZE(m): 3:51pm On Mar 07, 2023 |
I do not understand why these petty traders are rejecting the old notes. They refuse to accept transfer and also do not have pos terminal that will enable card use. The national orientation agency should educate these folks if they intend to push the cashless policy. Also the banks should upgrade their system. Imagine I bought and paid through transfer for some items but payment was completed after 9 hrs. They should make things seemless. Out banks should introduce stripe cards. This chip na waste of time 20 Likes 3 Shares |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Lanretoye(m): 4:00pm On Mar 07, 2023 |
When you were going to withdraw them,a statement was issued and altimatum was given.now you wanto reintroduce them informally. 19 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by AfricanColumbus: 4:01pm On Mar 07, 2023 |
Naira Redesign: Merits Of The Redesign Policy And Reasons The Old Notes Should Not Be Returned (Video) The old notes were withdrawn from circulation by the federal government through the CBN, citing economic issues hampering Nigeria’s growth.
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Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by MorataFC: 4:04pm On Mar 07, 2023 |
Good news to all 2 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Racoon(m): 4:05pm On Mar 07, 2023 |
All these incongruent conflicting financial policies is simply because of vexed power interests. 7 Likes 1 Share |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by phorget(m): 4:24pm On Mar 07, 2023 |
Hmmmmmm |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by princeade86(m): 4:25pm On Mar 07, 2023 |
How true is this? Thru back door. Lol. Emiefele should do live broadcast and buhari also. 4 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Fahdiga(m): 4:34pm On Mar 07, 2023 |
jumper524:You don't have to blame the traders. Have you forgotten that this Buhari's regime is not always straight forward with important issues. They do try and error in everything. In a serious government both Buhari and the CBN should have issued a statement after the supreme court ruling to clarify everything but have you heard anything from them? No one wants to be at a loss in case of anything. Buhari is a disaster. 33 Likes 3 Shares |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Femigolfd: 4:39pm On Mar 07, 2023 |
All the way up 14 Likes 2 Shares
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Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Zico5(m): 4:43pm On Mar 07, 2023 |
This is truly the end of Emefiele. I trust Tinubu, he won't spare him for putting this country in turmoil through naira redesign. He will vommit all he has stolen from the treasury. 10 Likes 1 Share |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by accordadoga(f): 4:43pm On Mar 07, 2023 |
EVEN OBI DOGS ARE HAPPY NOW BECAUS DEM TOO DON SUFFER THE POLICY DEM SUPPORT… NA EVERYONE SUFFER THIS CASHLESS POLICY 21 Likes 3 Shares
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Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by DeeBaDan: 4:43pm On Mar 07, 2023 |
Buhari the hopeless failure 12 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by oluwaseyi0: 4:44pm On Mar 07, 2023 |
Finally going down in history: Buhari is a complete and all-round failure 22 Likes 1 Share |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Fut9ure: 4:44pm On Mar 07, 2023 |
If you collect old note you are on your own Cbn need to make official statements 5 Likes 1 Share |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by samwillyco1(m): 4:44pm On Mar 07, 2023 |
After suffering the masses 4 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by datola: 4:44pm On Mar 07, 2023 |
I remember CBN saying they have burnt all the old N1000 and N500 notes. 8 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Boyooosa(m): 4:44pm On Mar 07, 2023 |
No |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by b3llo(m): 4:44pm On Mar 07, 2023 |
Good 2 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by stano2(m): 4:44pm On Mar 07, 2023 |
But people are rejecting it...nawa oo. Buhari and APC = Disaster. No food, No light, struggle here and there. See Nigerians struggling to enter banks, struggling to get petrol at higher price. How much was petrol when APC took over, No sector is working, the system ain't working. 6 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by oluwaseyi0: 4:45pm On Mar 07, 2023 |
Fahdiga: Useless Buhari should actually be the one to issue statement, afterall he was quick to jump at the camera to inflict this pain on Nigerians 10 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by b0rn2fuck(m): 4:45pm On Mar 07, 2023 |
Useless after wrecking people business, excess waste on withdrawal funds thereby sending many homes to bankruptcy. They now came out with useless continue spending rendering POS owner wealthy. I will never withdraw from some Pos agent even if they charge 50 naira. I know the one who cares and don't care after the turbulent months 14 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by olisefom: 4:45pm On Mar 07, 2023 |
loosecanon50: After Saturday definitely. |
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