CBN Directs Banks To Accept Old N500, N1,000 Notes

As protests deepen across the States, the Central Bank of Nigeria (CBN) has directed banks to start accepting the old N500 and N1,000 notes from the public immediately.

This is even as the apex bank pegged the maximum amount that the banks would collect at N500,000, adding that the old currencies were no longer legal tender.

A source confirmed that the CBN ordered the banks to accept the old cash instead of going to the CBN office following difficulties encountered in getting access to the bank.

“Go to your bank but fill out the form before you go. Go with the reference code you generate. With your code, banks will collect it from you. But if it is more than N500,000, you will go to the CBN and deposit it, " an official added.

The CBN had earlier opened a portal on its website and made it mandatory for those willing to return old notes to fill and generate a code.

But on Thursday, February 16, the CBN Governor, Godwin Emefiele ordered the banks to make the old N200 notes available to Nigerians.

Comments

EHCON Unveils Tech To Phase-out Vehicular Emissions, Targets Billions Of IGR

BY CHIKA OKEKE, Abuja Registrar of Environmental Health Council of Nigeria (EHCON), Dr Yakubu Baba (left) monitoring the processes while the Field Technicians runs the test with 3DATX Integrated Portable Emissions Measurement System (IPEMS) technology on Friday in Abuja. PHOTO BY CHIKA OKEKE. Committed to green economy, the Environmental Health Council of Nigeria (EHCON) has unveiled vehicular emissions testing technology, meant to phase-out million tons of carbon emissions from the roads and improve air worthiness. The technology, Integrated Portable Emissions Measurement System (IPEMS) which is the first of its kind to be used in the entire Africa, was designed to control emissions by connecting a 3DATX technology and software to a car while monitoring the process through a computer. IPEMS provides gaseous and nanoparticle measurements with a proprietary cartridge system. It is designed with three sensor cartridge ports that provides an opportunity to customize each unit for y

National Parks Panacea In Mitigating Climate Change- Olory

BY CHIKA OKEKE, Abuja The Conservator of Park, Cross River National Park, CP Caroline Olory has disclosed that National Parks hold the key to mitigating climate change across the country. She stated this on Wednesday in Abuja at a workshop organised by the Development Agenda in collaboration with Environmental Media Correspondents Assodiation of Nigeria with the theme: "Climate Change and COP28: The Way Forward For Nigeria." The 28th Conference of the Parties (COP28) scheduled to hold in Dubai, United Arab Emirates, will garner more than 70,000 participants, including heads of state and government, government officials, representatives of international organisations, business leaders, academics and civil society organisations. Olory lamented that climate disasters are happening at frightening rates in Nigeria, and a panacea to cushion the effect is the standing forest which serves as carbon sink that would absorb carbon dioxide from the atmosphere. She informed

Emerging Diseases: EHCON Faults Health Workers For Neglecting PPEs

BY CHIKA OKEKE, Abuja L-R: Registrar of Environmental Health Council of Nigeria (EHCON) Dr Yakubu Baba and Permanent Secretary, Federal Ministry of Environment, Mr Mahmud Adam Kambari during a Ministerial press briefing on Monday in Abuja. The Environmental Health Council of Nigeria (EHCON) has faulted health workers for neglecting the use of Personal Protective Equipment (PPEs) in treating patients taunted by emerging diseases. This followed the outbreak of an Acute Viral Hemorrhagic Fever (VHF) suspected to be Lassa Fever at the Accident and Emergency unit of the 44 Nigerian Army Reference Hospital in Kaduna State last week. News Rider reports that a circular issued on Wednesday, February 21, 2024, by the Acting Corps Commander of the Nigerian Army Medical Corps, Brigadier General S.O Okoigi revealed that the index patient died at the hospital after presenting symptoms of febrile illness while three health workers died within 48 hours. The PPEs are goggles, masks, glov

News Rider

Search This Blog