• About
  • Visioning Committee
  • Resources
  • Our Programs
  • Our Events
  • Our Initiatives
  • Contact Us
Daugembassy TV
Advertisement
  • News
    • World
  • Politics
  • Sports
  • Entertainment
    • Celebrity Gist
  • Business
  • Magazine
  • Contact Us
Donate
No Result
View All Result
  • News
    • World
  • Politics
  • Sports
  • Entertainment
    • Celebrity Gist
  • Business
  • Magazine
  • Contact Us
No Result
View All Result
Daugembassy TV
No Result
View All Result
Home Economy

Despite CBN Directives, Banks Collect Old N500 and N1000 Notes

Babajide Alao by Babajide Alao
February 18, 2023
in Economy
0
Despite CBN Directives, Banks Collect Old N500 and N1000 Notes
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
  • Recent findings indicate that numerous banks are still accepting old naira notes, in contrast to the Central Bank of Nigeria’s (CBN) directive denying any such instruction to banks.
  • The findings reveal that some banks are allowing customers to deposit their old notes that they still possess.
As of Saturday morning, February 18, 2023, Deposit Money Banks (DMBs) have disregarded the Central Bank of Nigeria’s (CBN) directives and have persisted in collecting old naira notes from customers. This contradicts CBN’s statement that it did not instruct banks to accept old N500 and N1000 notes from the public.

Some banks are open on weekends to accept old notes from customers.

According to a report by Vanguard, some banks are still accepting old N500 and N1000 notes from customers, despite the Central Bank of Nigeria’s (CBN) denial of issuing such a directive. The CBN has also directed Nigerians to return their old N500 and N1000 notes to their banks through its portal, which contradicts the apex bank’s earlier statement. An anonymous bank official interviewed by Legit.ng claimed that the CBN directive was not specific and did not prohibit banks from accepting old notes from customers.

Previous Post

Three Police Officers Killed as Gunmen Bomb Police Facility in Anambra

Next Post

Oshiomhole Refutes Obaseki’s Authority to Order His Arrest

Babajide Alao

Babajide Alao

Editor-In-Chief

Next Post
Oshiomhole Refutes Obaseki’s Authority to Order His Arrest

Oshiomhole Refutes Obaseki's Authority to Order His Arrest

Discussion about this post

  • Trending
  • Comments
  • Latest

FBH holdings denies knowledge of Femi Otedola’s acquisitions majority shares

October 23, 2021
5 Dowen Students Fingered in Oromoni’s Death Get N1m Bail

5 Dowen Students Fingered in Oromoni’s Death Get N1m Bail

December 21, 2021
Caution your supporters – Tinubu warns Peter Obi over fake news

Caution your supporters – Tinubu warns Peter Obi over fake news

August 10, 2022
Canada’s small businesses on edge as Ottawa rethinks CEBA loan repayment deadline

Canada’s small businesses on edge as Ottawa rethinks CEBA loan repayment deadline

December 17, 2021

Presidency warns critics against destroying country’s image oversea

0

Tuface’s brother joins in on marital ‘squabble’ between singer and wife, Annie

0

Nnamdi Kanu an empty head, does not understand the concept of Biafra —Asari-Dokubo

0

Bandits attack Nigerian Defence Academy, kill two officers, abduct one

0
ICC issues arrest warrant for Vladimir Putin in Ukraine war crimes probe

ICC issues arrest warrant for Vladimir Putin in Ukraine war crimes probe

March 17, 2023
Naira redesign: Police warn Nigerians aganist comments capable of triggering crisis

Naira redesign: Police warn Nigerians aganist comments capable of triggering crisis

February 18, 2023
Oshiomhole Refutes Obaseki’s Authority to Order His Arrest

Oshiomhole Refutes Obaseki’s Authority to Order His Arrest

February 18, 2023
Despite CBN Directives, Banks Collect Old N500 and N1000 Notes

Despite CBN Directives, Banks Collect Old N500 and N1000 Notes

February 18, 2023

Recent News

ICC issues arrest warrant for Vladimir Putin in Ukraine war crimes probe

ICC issues arrest warrant for Vladimir Putin in Ukraine war crimes probe

March 17, 2023
Naira redesign: Police warn Nigerians aganist comments capable of triggering crisis

Naira redesign: Police warn Nigerians aganist comments capable of triggering crisis

February 18, 2023
Oshiomhole Refutes Obaseki’s Authority to Order His Arrest

Oshiomhole Refutes Obaseki’s Authority to Order His Arrest

February 18, 2023
Despite CBN Directives, Banks Collect Old N500 and N1000 Notes

Despite CBN Directives, Banks Collect Old N500 and N1000 Notes

February 18, 2023
Daugembassy TV

Engage Africans, Changing the World - One head at a time.

Follow Us

Browse by Category

  • Aviation
  • blog
  • Business
  • Career Tips
  • Celebrity Gist
  • Crime
  • Cryptocurrency
  • Economy
  • Education
  • Entertainment
  • Foreign
  • Gist
  • Health
  • Lifestyle
  • Maritime
  • Music
  • News
  • NFTs
  • Nothern Report
  • Politics
  • Sports
  • Tech
  • Technology
  • Uncategorized
  • World

Recent News

ICC issues arrest warrant for Vladimir Putin in Ukraine war crimes probe

ICC issues arrest warrant for Vladimir Putin in Ukraine war crimes probe

March 17, 2023
Naira redesign: Police warn Nigerians aganist comments capable of triggering crisis

Naira redesign: Police warn Nigerians aganist comments capable of triggering crisis

February 18, 2023
  • About
  • Visioning Committee
  • Resources
  • Our Programs
  • Our Events
  • Our Initiatives
  • Contact Us

© 2021 DaugEmbassy Tv - All Right Reserved.

No Result
View All Result
  • News
    • World
  • Politics
  • Sports
  • Entertainment
    • Celebrity Gist
  • Business
  • Magazine
  • Contact Us

© 2021 DaugEmbassy Tv - All Right Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.