VIDEO: NAIRA NOTES EXTENTION: What Buhari told me in Daura - Emefiele -
Mr Emefiele spoke in Daura, Katsina State, after a meeting with the president who is in his home state for official duties.
Mr Emefiele said Nigerians, who are yet to change their naira notes from the old to new ones, now have an opportunity to do so.PREMIUM TIMES reported how the CBN last October introduced redesigned 200, 500 and 1000 naira notes and gave a deadline of 31st January for the use of the old notes.Mr Emefiele did not elaborate on what the central bank was doing to resolve the scarcity of the new notes.
He said since the commencement of the programme, the CBN has collected about N1.9 trillion, “leaving us with about N900 billion .“We are happy that so far, the exercise has achieved a success rate of over 75 per cent of the N2.7 trillion held outside the banking system. According to him, Nigerians in the rural areas, villages, the aged and the vulnerable have had the opportunity to swap their old notes, leveraging the Agent Naira Swap initiative as well as the CBN Senior staff nationwide sensitisation team exercise.
“Aside from those holding illicit, stolen Naira in their homes for speculative purposes, we do aim to give all Nigerians that have Naira legitimately earned and trapped the opportunity to deposit their legitimately trapped monies at the CBN for exchange.”
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.
UPDATED: Buhari Okays 10-day Extension For Old Naira Swap, CBN Adds 7 More DaysPresident Muhammadu Buhari has approved the Central Bank of Nigeria's (CBN) request for the extension of the deadline for swapping of old Naira notes with the
Read more »
CBN working to prevent chaos over distribution of new naira notes, says Buhari | TheCablePresident Muhammadu Buhari says efforts are ongoing to ensure improved distribution of the new naira notes.
Read more »
Buhari Allays Concerns over Shortage of Naira Notes, Says CBN Working to Eliminate Chaos – THISDAYLIVE
Read more »
UPDATED: Naira Redesign: Kano govt postpones Buhari's visitThe government said the decision was taken to avoid any unforeseen circumstance.
Read more »
Again, Buhari backs CBN over old naira deadline amid outcry for extensionPresident Muhammadu Buhari has backed the Central Bank of Nigeria (CBN) to phase out the current 200, 500, and 1000 naira notes by Tuesday, January 31.
Read more »
Naira redesign: Prevail on CBN to extend deadline - Ohanaeze youths tell Buhari govtThe youth arm of Ohanaeze Ndigbo Worldwide, OYC, has urged the Federal Government to prevail on the Central Bank of Nigeria, CBN, to extend the deadline
Read more »