Ten Unforgettable Events That Characterised FG, CBN Naira Redesign Policy

The Central Bank of Nigeria on Monday, March 13, 2023, ordered commercial banks to accept and start dispensing the old naira notes.

The old notes were seized to be legal tender as of February 10th, 2023 based on the FG-CBN deadline for swapping old notes for newly redesigned notes.

Old Naira Note Swapping | CBN Insists On February 10 Deadline, To Prosecute POS Operator Charging Above ₦200

 

The Central Bank of Nigeria has through its governor, Godwin Emefiele said that there was no need to shift the February 10, 2023 deadline, while warning that POS operators who charge above ₦200 for swapping will be charged to court and jailed.

New Naira Notes | Bank Manager Arrested For Not Loading ATM, Despite Having ₦29n In The Vault

An operations manager of a leading commercial bank in Abuja central area was on Monday arrested by operatives of the Economic and Financial Commission, for refusing to load the Automated Teller Machines of the bank despite having ₦29million of the new naira notes in the branch’s vaults.