N500 and N1 – Nelsdaily

Tag: N500 and N1

The redesigned N200, N500 and N1,000 notes were launched by President Muhammadu Buhari on November 23, 2022. However, there have been concerns from many Nigerians over the slow spread of the three new naira notes as the January 31 2023 deadline approaches but the apex bank has insisted that the date stands. The apex bank also ordered Deposit Money Banks (DMOs) and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals by individuals and corporate entities do not exceed N500,000 and N5m respectively.

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Governors’ Forum invites Emefiele over redesigned naira notes

The Nigeria Governors’ Forum has invited the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to a meeting over the redesigned ...

By Uchechi OjoJanuary 18, 20230