Checking out 'Deposit bad naira notes in bank by Monday, CBN tells Nigerians' on The Nation Newspaper Community:
The Central Bank of Nigeria has directed Nigerians to deposit mutilated Naira notes in any bank branch closer to them.the apex bank said this was part of its efforts to improve the overall quality of the Naira notes in circulation.Entitled, “Important CBN Notice on Naira Notes,” the email states:
As part of its efforts to improve the overall quality of the Naira notes in circulation, the Central Bank of Nigeria has introduced the Clean Note Policy and Banknotes Fitness Guidelines.If you have in your possession, overused or mutilated Naira notes, you are required by the Central Bank of Nigeria Clean Note Policy to deposit such notes at any branch near you on or before Monday, September 2, 2019.
Please note that overused notes include any Naira note that is now weak to such an extent that it could easily tear at further handling or processing. Mutilated notes include any Naira note that has been partially or permanently damaged, but which clearly still has more than half of its original size together.
As Nigerians, it is our patriotic and collective responsibility to handle the Naira with care; and as your Bank, we urge you to comply with this directive in order to improve the quality of our national currency.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deposit bad naira notes in bank by Monday, CBN tells Nigerians
Read more »
Deizani's N14.4bn jewellery: Court adjourns final forfeiture hearing till MondayA Federal High Court in Lagos yesterday adjourned till September 2, a suit seeking the final forfeiture of jewellery valued at $40 million...
Read more »
Traffic diversion on Lagos-Ibadan Expressway begins MondayTHE Director, Federal Highways, Southwest, Mr. Funsho Adebiyi, yesterday appealed for patience and understanding of road users and residents....
Read more »
Deposit bad naira notes in bank by Monday, CBN tells Nigerians
Read more »
CBN’s Business Expectations report predicts stable nairaThe naira is tipped to appreciate this month, next month and within the next 12 months, a business expectations report released on Wednesday ...
Read more »
NDIC seeks more funding for MSMEs - The Nation NewspaperTHE Nigeria Deposit Insurance Corporation (NDIC) has called on financial institutions, especially microfinance banks (MfBs), to increase funding
Read more »