Latest CBN News Update On New Naira Notes Today
Following the Naira Scarcity in Nigeria, GoldenNewsNg has compiled the latest news on new Naira notes. This means the latest updates on the Naira scarcity in Nigeria can be accessed on this page.

Naira crisis: Banks shun CBN directive, collect old N1,000, N500

Some Deposit Money Banks on Saturday opened their branches to customers for the purpose of collecting old N500 and N1,000 notes for deposit into their accounts.

This was contrary to the claim by the Central Bank of Nigeria that it did not instruct the banks to continue to collect the old notes from depositors.

On Friday, GoldenNewsNgreported that the CBN had ordered banks to start collecting the old N500 and N1,000 notes from members of the public and pegged the maximum amount they could collect from individuals at N500,000.

The CBN swiftly issued a counter statement signed by the Director, Corporate Communications, Osita Nwanisobi, saying it did not give such a directive.
CIBN Sues for Calm, Says It’s Working With Bank CEOs to Address Challenges

The Chartered Institute of Bankers of Nigeria (CIBN) yesterday said it was working with the Body of Banks’ Chief Executives to address the current challenges in the naira redesign policy and appealed to the general public to remain calm and eschew any act of violence.
This is coming as the Inspector-General of Police, Usman Baba has warned groups and individuals against divisive comments and utterances over the new naira policy.

In a statement signed by its President/Chairman of Council, Mr. Ken Opara, CIBN stated that the banking industry remained resolute and committed to addressing all the challenges, promising that the banks would continue to remain open to serve the public “as long as it is safe to do so”.

According to him, the safety and security of the staff of banks are of paramount importance, “Hence, where there is a security challenge, the management of banks have been empowered to take proactive measures to close operations in such locations and inform the Central Bank of Nigeria,” Opara said.
He said the safety concerns being expressed in various quarters were already being addressed.

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