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Naira Redesign: Old, New Notes Are Legal Tender – CBN Reveals - Business - Nairaland 1u5em

Naira Redesign: Old, New Notes Are Legal Tender – CBN Reveals (49859 Views)

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valentineuwakwe(m): 9:43pm On Mar 07, 2023
The Central Bank of Nigeria said that both old and new notes are now legal tender.

The Acting Director of Corporate Communications CBN, Dr Isa Abdulmumin disclosed this on Tuesday.

He affirmed that commercial banks have started issuing both the old and new notes to their customers.


But insisted that the apex bank is yet to issue an official statement.

He said, “Banks are paying old notes as well as new notes. They are all legal tender.

“Yes, the CBN has not issued an official statement on the issue. Anyone banks give to you, you can collect. We just want to make life easy for Nigerians.”

Last week, the Supreme Court gave its verdict on Naira redesign, directing the federal government to allow the validity of N200, N500 and N1000 notes till 31 December.

In response to the ruling, DAILY POST gathered on Monday that some banks in Abuja and Lagos have started issuing the old notes to customers.

But, traders, business owners and motorists are not accepting the old notes.
Source; https://dailypost.ng/2023/03/07/naira-redesign-old-new-notes-are-legal-tender-cbn-reveals/

12 Likes 6 Shares

Rheader: 9:44pm On Mar 07, 2023
After putting Nigerians through untold hardship. Emefiele it shall never be well with you!

373 Likes 25 Shares

helinues: 9:44pm On Mar 07, 2023
Eventually

What then is the essence of Emefiele doing strong head before , inflicting unnecessary hardship on Nigerians when he knew the implementations of the Naira redesign failed.

How can CBN mopped up N1.9tn old notes and printed only N300bn new notes. I thought Emefiele said they have confiscated the old N1000 and N500, where are the banks getting it from to pay their customers.

Africans hardly take responsibility for their mistakes

Those who ed the failed implementations of Naira redesign just to score cheap political points should bury their head in the sand

214 Likes 22 Shares

yarimo(m): 9:53pm On Mar 07, 2023
Mumu man is it now you know you want to make life easy for Nigerians

50 Likes 2 Shares

Drclassic(m): 9:54pm On Mar 07, 2023
What kind of madness is this for heaven sake

22 Likes 1 Share

FreeStuffsNG: 9:56pm On Mar 07, 2023
Won lule pii!!
Mr Emefiele is not going to be retained as CBN Governor post-May 29

72 Likes 9 Shares

Beremx(f): 9:58pm On Mar 07, 2023
The most useless and incompetent CBN governor should issue an official statement on this. What is he waiting for? Banks are giving out the notes yet it's been rejected. An official statement will make things easy for Nigerians to use the money. 😡😡😡😡

48 Likes 6 Shares

MuchAdo: 9:59pm On Mar 07, 2023
Buhari and Emefiele will not die well angry

95 Likes 6 Shares

Fahdiga(m): 10:04pm On Mar 07, 2023
helinues:
Eventually

What then is the essence of Emefiele doing strong head before , inflicting unnecessary hardship on Nigerians when he knew the implementations of the Naira redesign failed.

How can CBN mopped up N1.9tn old notes and printed only N300bn new notes. I thought Emefiele said they have confiscated the old N1000 and N500, where are the banks getting it from to pay their customers.

Africans hardly take responsibility for their mistakes

Those who ed the failed implementations of Naira just to score cheap political points should bury their head in the sand
Before you start to point fingers, this is economic policy of your beloved APC.

44 Likes 8 Shares

INTEGRITYA1(m): 10:14pm On Mar 07, 2023
Okay
adekolaelect(m): 10:20pm On Mar 07, 2023
Fahdiga:
Before you start to point fingers, this is economic policy of your beloved APC.
shut up!!! No any reasonable person this policy but you Obi's and Atikus ers with the hope that the policy will help you fight your persived Enemy but the Tree has fall to where you don't want it .

128 Likes 20 Shares

Fahdiga(m): 10:21pm On Mar 07, 2023
adekolaelect:
shut up!!! No any reasonable person this policy but you Obi's and Atikus ers with the hope that the policy will help you fight your persived Enemy but the Tree has fall to where you don't want it .
Which party is in power?

42 Likes 4 Shares

Caramia2020(m): 10:26pm On Mar 07, 2023
Hmm, after the suffering, enriching pos people and market women that sells cash to pos guys, even filling station also sell cash to pos guys. I weak for our country n i nor know who do us.

20 Likes 2 Shares

moodyguy: 10:31pm On Mar 07, 2023
FAKE NEWS

2 Likes 2 Shares

ugotricey: 10:59pm On Mar 07, 2023
Nigeria just be like comedy central.


After all the Helter skelter wey you make Nigerians go through...e no fit better for una.


bastardddd people.

16 Likes 4 Shares

AfricanColumbus: 11:36pm 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.

Nearly a month now the old notes were discontinued, we look at the merits of the new policy as well as the positive impacts of the new withdrawal limits in the country, whilst acknowledging the resultant difficulties experienced by Nigerians who are yet to adjust.


https://www.youtube.com/watch?v=x1ACuJfGVl0
helinues: 11:40pm On Mar 07, 2023
Fahdiga:
Before you start to point fingers, this is economic policy of your beloved APC.

Yet the presidential candidate of the Apc condemned the implementations of the policy even if it's against his own party while your candidate, Peter Obi remain mute thinking the effects will worn in his favour.

Imagine, when Nigerians needed Obi most, he kept mute instead

76 Likes 6 Shares

helinues: 11:43pm On Mar 07, 2023
Fahdiga:
Which party is in power?

Must you always argue blindly?

42 Likes 2 Shares

mokset123: 2:22am On Mar 08, 2023
helinues:


Yet the presidential candidate of the Apc condemned the implementations of the policy even if it's against his own party while your candidate, Peter Obi remain mute thinking the effects will worn in his favour.

Imagine, when Nigerians needed Obi most, he kept mute instead
forget all these politicians our interest isn't in their hearts. Don't be bamboozled

14 Likes 2 Shares

kokoA(m): 2:35am On Mar 08, 2023
Emefiele will go down in history as the worst governor of Central Bank in the world.. The man is completely useless.

38 Likes 2 Shares

DenreleDave(m): 3:56am On Mar 08, 2023
The fear of tinubu is the beginning of wisdom. If Peter obi had won or Atiku, CBN will disobey court order again hence making supreme court a joke to other nations

26 Likes 4 Shares

DenreleDave(m): 3:59am On Mar 08, 2023
Beremx:
The most useless and incompetent CBN governor should issue an official statement on this. What is he waiting for? Banks are giving out the notes yet it's been rejected. An official statement will make things easy for Nigerians to use the money. 😡😡😡😡

Yen yen what abt the most useless and incompetent presidential candidate who lost this year election that was ing CBN to give Nigerians more hardship.

You think we don't how the foooools called Peter obi and Atiku were quick to CBN in respect to the hardship on Nigerians...

58 Likes 4 Shares

techWriter3: 4:14am On Mar 08, 2023
After making Nigerians s through untold difficulties

4 Likes

inoki247: 4:20am On Mar 08, 2023
Ok we still Neva see the memo on dere Twitter or website...

2 Likes

PrinceOfLagos: 4:23am On Mar 08, 2023
Mumu APC

2 Likes

ResearchExpert(m): 4:36am On Mar 08, 2023
You have to take news Now in Nigeria with a grain of salt.

me if you need professional academic research and data analysis for your projects, thesis and dissertations
Chuksyno(m): 4:47am On Mar 08, 2023
So how long will it take CBN to issue statement? Many still reject the old notes due to some kind of uncertainty. CBN ought to have done the needful even before now.

8 Likes

DMerciful(m): 4:53am On Mar 08, 2023
When will you guys start using your brain? Bubu has said he is the one that insisted on the naira design, why blame Emefiele?
Rheader:
After putting Nigerians through untold hardship. Emefiele it shall never be well with you!

2 Likes

Fahdiga(m): 5:07am On Mar 08, 2023
helinues:


Yet the presidential candidate of the Apc condemned the implementations of the policy even if it's against his own party while your candidate, Peter Obi remain mute thinking the effects will worn in his favour.

Imagine, when Nigerians needed Obi most, he kept mute instead
Lies. Obi told the CBN to circulate more money for people not to suffer.
Fahdiga(m): 5:08am On Mar 08, 2023
helinues:


Must you always argue blindly?
Oga which party is in power at the moment? Is it not your beloved APC?

5 Likes

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