Redesigned denominations: Commercial Banks will work 24 hours on January 31st — CBN

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

Quick Links

Contact

Adetoun Close, Off College Road, Ogba, Ikeja, Lagos State.

+234(0)8098020976, 07013416146, 08066020976

info@newsexpressngr.com

Find us on

Facebook

Twitter

Admin

Developed by Just Web Services

Redesigned denominations: Commercial Banks will work 24 hours on January 31st — CBN

News Express |20th Jan 2023 | 1,027

New naira notes

The Central Bank of Nigeria (CBN) has allayed fears of the people, particularly traders, over meeting up with the January 31st deadline for the acceptance of the old N1,000, N500 and N200 notes as legal tender, disclosing that commercial banks have been directed to work for 24 hours on the day.

Traders in Ogun State had on Thursday, during a sensitization programme organised by the Apex Bank at Lafenwa Market, Abeokuta, expressed their fear over the feasibility of the deadline for the validity of the old naira notes.

But addressing the traders on the issue, the Abeokuta Branch Controller of the CBN, Wahab Oseni, assured the market women that they can still return old naira notes for exchange of new ones till 7p.m of January 31st 2023 as commercial bank officials would be working to ensure thing go according to the directive.

The CBN Controller urged traders who were yet to have bank accounts to either open one or go through their cooperative finances.

Oseni, while expressing concerns on the issue of security advised the market women to adopt cashless policy and embrace e-transfer and other safer modes of transaction.

He urged them to also take care of the new notes and insisted that there were no fake redesigned notes in circulation, imploring them not squeeze the notes or keep them where there is moisture.

While informing the traders that no kobo would be removed from any amount of money deposited from any account till January 31st, Oseni, however, declared that any commercial bank that refused to dispense the new notes either at ATM or counter would be sanctioned and fined. (Daily Sun)

Retrieving full detail for redesigned denominations commercial banks will work 24 hours on january 31st cbn...

EARTHQUAKE : Court sacks David Mark, voids Atiku’s candidacy

BREAKING: Cristiano Ronaldo retires from international football

Otu condemns attack on Peter Obi’s convoy in Calabar

APC Imo-West senatorial ticket: Wike denies link to court judgement

Nigerian NGO, Boys Champions, wins $30,000 global peace award

NASA satellite crashes back to Earth after failed rescue attempt

Davido, Chioma arrive in style for Zlatan, Davita’s wedding in Morocco

House of Reps transmits State Police Bill to Tinubu for assent

Northern group condemns attack on Sowore, demands thorough investigation

Bill on 35% Women Representation in Governance underway, says Fed Govt

2027: IBB advocates peaceful campaign

Customs tightens enforcement across South-West, intercepts N511.4m imported contraband

Weak labour movement ‘ll hurt all, not just workers – NLC

2027: Obasanjo’s son backs Tinubu, joins PBAT Door-to-Door Movement

‘Peter Obi can’t do this alone, put in your widow’s mite’ — Yesufu urges Nigerians to fund campaign

Ogun illegal refinery had 90,000-litre underground tank – NMDPRA

Reps panel quizzes FCC over N1m charge for unadvertised vacancies

Tinubu returns to Abuja after Umrah in Saudi Arabia

Women account for just 9.7% of Nigeria’s 2027 election candidates, UN women raises concern

Primaries: Ya’u floors rivals with 49,176 votes in Zamfara APC rerun

Thursday, November 5, 2026 11:08 AM

Loading banners

GOCOP Accredited Member

Redesigned denominations: Commercial Banks will work 24 hours on January 31st — CBN

News Express |20th Jan 2023 | 1,027

New naira notes

The CBN Controller urged traders who were yet to have bank accounts to either open one or go through their cooperative finances.

Oseni, while expressing concerns on the issue of security advised the market women to adopt cashless policy and embrace e-transfer and other safer modes of transaction.

He urged them to also take care of the new notes and insisted that there were no fake redesigned notes in circulation, imploring them not squeeze the notes or keep them where there is moisture.

You may also like...

EARTHQUAKE : Court sacks David Mark, voids Atiku’s candidacy

BREAKING: Cristiano Ronaldo retires from international football

Otu condemns attack on Peter Obi’s convoy in Calabar

APC Imo-West senatorial ticket: Wike denies link to court judgement

Nigerian NGO, Boys Champions, wins $30,000 global peace award

NASA satellite crashes back to Earth after failed rescue attempt

Davido, Chioma arrive in style for Zlatan, Davita’s wedding in Morocco

House of Reps transmits State Police Bill to Tinubu for assent

Northern group condemns attack on Sowore, demands thorough investigation

Bill on 35% Women Representation in Governance underway, says Fed Govt

2027: IBB advocates peaceful campaign

Customs tightens enforcement across South-West, intercepts N511.4m imported contraband

Weak labour movement ‘ll hurt all, not just workers – NLC

2027: Obasanjo’s son backs Tinubu, joins PBAT Door-to-Door Movement

‘Peter Obi can’t do this alone, put in your widow’s mite’ — Yesufu urges Nigerians to fund campaign

Ogun illegal refinery had 90,000-litre underground tank – NMDPRA

Reps panel quizzes FCC over N1m charge for unadvertised vacancies

Tinubu returns to Abuja after Umrah in Saudi Arabia

Women account for just 9.7% of Nigeria’s 2027 election candidates, UN women raises concern

Primaries: Ya’u floors rivals with 49,176 votes in Zamfara APC rerun

GOCOP Accredited Member

Quick Links

Categories

Contact

Find us on

Redesigned denominations: Commercial Banks will work 24 hours on January 31st — CBN

You may also like...

EARTHQUAKE : Court sacks David Mark, voids Atiku’s candidacy

BREAKING: Cristiano Ronaldo retires from international football

Otu condemns attack on Peter Obi’s convoy in Calabar

APC Imo-West senatorial ticket: Wike denies link to court judgement

Nigerian NGO, Boys Champions, wins $30,000 global peace award

NASA satellite crashes back to Earth after failed rescue attempt

Davido, Chioma arrive in style for Zlatan, Davita’s wedding in Morocco

House of Reps transmits State Police Bill to Tinubu for assent

Northern group condemns attack on Sowore, demands thorough investigation

Bill on 35% Women Representation in Governance underway, says Fed Govt

2027: IBB advocates peaceful campaign

Customs tightens enforcement across South-West, intercepts N511.4m imported contraband

Weak labour movement ‘ll hurt all, not just workers – NLC

2027: Obasanjo’s son backs Tinubu, joins PBAT Door-to-Door Movement

‘Peter Obi can’t do this alone, put in your widow’s mite’ — Yesufu urges Nigerians to fund campaign

Ogun illegal refinery had 90,000-litre underground tank – NMDPRA

Reps panel quizzes FCC over N1m charge for unadvertised vacancies

Tinubu returns to Abuja after Umrah in Saudi Arabia

Women account for just 9.7% of Nigeria’s 2027 election candidates, UN women raises concern

Primaries: Ya’u floors rivals with 49,176 votes in Zamfara APC rerun

GOCOP Accredited Member

Redesigned denominations: Commercial Banks will work 24 hours on January 31st — CBN

Comments

Post Comment