Custodians of Truth

Tag: Redesigned naira notes

CBN Begins Currency Swap for Rural Nigerians

In order to phase out the old naira notes, the Central Bank of Nigeria has announced that starting on Monday, currency exchange will begin in rural regions. This information was made available by the CBN in a circular addressed to […]

CBN Bans Over-the-Counter Withdrawal of New Notes

The Central Bank of Nigeria has instructed Deposit Money Banks to stop paying clients who make over-the-counter withdrawals of fresh naira notes. In order to ensure that the money circulates across the country prior to the deadline of January 31, […]