• Latest
  • Trending
Reactions As Nigerians Raise Questions Over Shocking Naira Redesign

CBN Speaks On Amount of New Naira Notes Disbursed To Banks Daily

Military Expands Coup Investigation, Traces ₦45bn NDDC Transactions

Military Expands Coup Investigation, Traces ₦45bn NDDC Transactions

Presidential Pardon ‘Irreversible’, Tinubu Overreached—Lawyer

Presidential Pardon ‘Irreversible’, Tinubu Overreached—Lawyer

FG Releases ₦2.3bn to Settle Lecturers’ Salary, Promotion Arrears

FG Releases ₦2.3bn to Settle Lecturers’ Salary, Promotion Arrears

FG Sets CBT Exam Date for shortlisted Candidates for NSCDC, NIS, and Fire Service Recruitment

FG Sets CBT Exam Date for shortlisted Candidates for NSCDC, NIS, and Fire Service Recruitment

Is This The Real Reason Why Tinubu Fired General Musa? Inside The Silent War Between Doctrine And Politics

Presidency Dispels Coup Plot, Speaks on Military Loyalty

Tinubu Quietly Deletes Post After Nigerians Mock ‘Brillion’ Blunder

After Public Outrage, Tinubu Cuts Presidential Pardon List from 175 to 34 (Full List)

Maryam Sanda, Sentenced to Death for Killing Husband, Receives Tinubu’s Pardon

Tinubu drops Maryam Sanda from Presidential Pardon List

Thursday, October 30, 2025
  • Login
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
iDeemlawful
No Result
View All Result
iDeemlawful
No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
Home Breaking News
Reactions As Nigerians Raise Questions Over Shocking Naira Redesign

CBN Speaks On Amount of New Naira Notes Disbursed To Banks Daily

by iDeemlawful
January 31, 2023
in Breaking News
A A
0

The Central Bank of Nigeria (CBN) in Bauchi says it allocates N30 million new naira notes daily to each branch of commercial banks in the state to increase customers’ access to the new notes.

CBN official Abdulkadir Jibrin said this while monitoring banks in Bauchi on Monday to ensure residents have access to the new banknotes. He said the exercise aimed to make the banknotes available in banks and to exchange old notes easily.

“Only N10,000 and below could be exchanged per person, and if the amount is more than that, one should open a bank wallet. Daily each branch across the state receives N30 million to ensure their automated teller machines (ATMs) are stocked with cash for individuals to withdraw,” he said.

SeeThese

CBN Issues New Directives to Banks on Refund Policy for Failed ATM Transactions

CBN opens up on Introducing New N5000, N10000 Notes

CBN ordered to suspend increase in ATM Transaction Charges

He urged the public to extend the deadline to February 10 to deposit their old currencies with banks to avoid financial loss.

ADVERTISEMENT

“It’s just a window for the citizens that are yet to take their money into their accounts to do that and then those that have N10,000 or less. Our committee would continue to reach out to localities to ask them to bring out their old notes and exchange them with the new ones,” he said.

He explained that the monitoring exercise entailed checking ATMs to ensure that the new naira notes were loaded for customers to withdraw.

According to him, the ATMs will give people the opportunity to have access to money, adding that the officials of the apex bank track the volume of disbursement through the ATMs.

He urged the public to report to the CBN if any bank refused to open for operations or failed to disburse the new notes through their ATMs.

A Bauchi resident, Mr Aliyu Zarami, commended President Muhammadu Buhari’s regime for extension of the deadline to February 10. He urged the apex bank to sanction banks or agents violating any rule or directive of issuing new notes.

Another resident, Nafisa Mohammed, lauded the extension and said it would reduce tension and allow people to deposit their old notes and have new ones for transactions.

“The banks should do something about the long queue of depositors of the old naira notes,” she said.

A cleric, Ustaz Saminu Ahmed, also commended the regime for extending the deadline.

“But the rural communities need more than one month. The date should be extended to two months to enable those in the grassroots to deposit their old notes,” Mr Ahmed said.

(NAN)

Tags: CBN PoliciesiPad
Previous Post

[Breaking] CBN Extends Deadline For Deposit, Swapping Of Old Naira Notes To New

Next Post

Naira swap: Emefiele Finally Appears Before House of Representatives’

Next Read

Military Expands Coup Investigation, Traces ₦45bn NDDC Transactions
Breaking News

Military Expands Coup Investigation, Traces ₦45bn NDDC Transactions

...

Read moreDetails
Presidential Pardon ‘Irreversible’, Tinubu Overreached—Lawyer
Breaking News

Presidential Pardon ‘Irreversible’, Tinubu Overreached—Lawyer

...

Read moreDetails
FG Sets CBT Exam Date for shortlisted Candidates for NSCDC, NIS, and Fire Service Recruitment
Breaking News

FG Sets CBT Exam Date for shortlisted Candidates for NSCDC, NIS, and Fire Service Recruitment

...

Read moreDetails
Is This The Real Reason Why Tinubu Fired General Musa? Inside The Silent War Between Doctrine And Politics
Breaking News

Presidency Dispels Coup Plot, Speaks on Military Loyalty

...

Read moreDetails
Tinubu Quietly Deletes Post After Nigerians Mock ‘Brillion’ Blunder
Breaking News

After Public Outrage, Tinubu Cuts Presidential Pardon List from 175 to 34 (Full List)

...

Read moreDetails
Maryam Sanda, Sentenced to Death for Killing Husband, Receives Tinubu’s Pardon
Breaking News

Tinubu drops Maryam Sanda from Presidential Pardon List

...

Read moreDetails
Senate Confirms New Chief of Defence Staff
Breaking News

Senate Confirms New Chief of Defence Staff

...

Read moreDetails
Outrage as Young Lady Caught Swapping Elderly Man’s ATM Card Inside Bank
Breaking News

Outrage as Young Lady Caught Swapping Elderly Man’s ATM Card Inside Bank

...

Read moreDetails
Next Post
Naira swap: Emefiele Finally Appears Before House of Representatives’

Naira swap: Emefiele Finally Appears Before House of Representatives'

CBN bans dollar charges on domestic transactions, Introduces New Payment Platform

"Banks will accept old naira notes after February 10 deadline" Emefiele Gives Fresh Update

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019 iDeemlawful.

Useful Links

  • About
  • Advertise
  • Editorial
  • Support

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Copyright © 2019 iDeemlawful.