Connect with us

Hi, what are you looking for?

News

CBN Launches Portal For Deposit of Old Naira Notes

The Central Bank of Nigeria (CBN) has created a portal for the deposit of old naira notes.

The bank published a notification titled ‘redemption of currency’ during a Wednesday check on the apex bank’s website.

According to the CBN, Nigerians can redeem their old N1,000, N500, and N200 notes by completing an online form.

The notification also provided a link to the portal to enable the masses deposit old notes in their possession.

“Please click here to create your profile, generate reference and print out receipt for you to proceed to nearest CBN branch to deposit your old N1000, N500 and N200 notes into your bank account,” it reads.

In order to generate a reference number, the apex bank asked customers to provide their Bank Verification Number (BVN), email address, phone number, bank account details, depositor information (including house address), and the total amount of the denomination to be redeemed.

The Supreme Court had earlier on Wednesday said its February 8 order barring the Federal Government and its agencies from enforcing the February 10 deadline for the use of old N200, N500 and N1,000 notes still stands.

The Supreme Court further fixed February 22 for the hearing of the suit filed by Kaduna, Kogi and Zamfara states challenging the propriety of the naira swap policy of the Federal Government.

The court chose the date after joining the Attorneys General of Katsina Lagos, Cross River, Ondo, Ogun, Ekiti and Sokoto states as co-plaintiffs in the earlier suit filed by Kaduna, Kogi and Zamfara states.

____

Follow us on Twitter at @thesignalng

Copyright 2023 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to  www.signalng.com and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published.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

Advertisement

Related

News

The Second Prosecution Witness (PW2) in the ongoing trial of a former governor of Central Bank of Nigeria (CBN), Godwin Emefiele, Boss Mustapha, on...

News

There’s a mounting pressure on the federal government to make significant releases to clear the foreign airlines’ trapped funds amidst their threat to exit...

News

The Central Bank of Nigeria (CBN) has sacked the boards of Union Bank, Polaris Bank and Keystone Bank. The apex bank in a statement...

Business

Data from the Central Bank of Nigeria (CBN) show that Nigeria’s foreign exchange reserves decreased to $33.23 billion at the end of the third...

Copyright ©