• About
  • Advertise
  • Privacy & Policy
  • Contact
Precise News Online
Advertisement
  • News
    • All
    • Business
    • Metro
    • Politics
    • World
    Ekiti Ex-Corps Member, Hannah bagged Presidential award, bursary, cash prizes, others

    Ekiti Ex-Corps Member, Hannah bagged Presidential award, bursary, cash prizes, others

    PDP NOT DEAD IN EKITI, SET TO WIN GUBER ELECTION – FUNMI OGUN

    Stop Demarketing PDP, Funmi Ogun Warns Fayose, Others

    PDP NOT DEAD IN EKITI, SET TO WIN GUBER ELECTION – FUNMI OGUN

    PDP NOT DEAD IN EKITI, SET TO WIN GUBER ELECTION – FUNMI OGUN

    OYEBANJI APPRECIATES PRESIDENT TINUBU, EKITI PEOPLE OVER SECOND TERM ENDORSEMENT

    OYEBANJI APPRECIATES PRESIDENT TINUBU, EKITI PEOPLE OVER SECOND TERM ENDORSEMENT

    Always Surround Yourself With Smarter companies, Sen. Arise Admonishes Youths

    Always Surround Yourself With Smarter companies, Sen. Arise Admonishes Youths

    AAUA ALUMNI ASSOCIATION CONDEMNS KILLING OF UNDERGRADUATES

    AAUA ALUMNI ASSOCIATION CONDEMNS KILLING OF UNDERGRADUATES

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    RIVERS IN DIASPORA CONDEMN PLOT TO DISTRACT GOVERNOR FUBARA

    RIVERS IN DIASPORA CONDEMN PLOT TO DISTRACT GOVERNOR FUBARA

    E’ LEARNING PLATFORM  UNVEILS APP TO ASSIST UTME STUDENT’S

    E’ LEARNING PLATFORM UNVEILS APP TO ASSIST UTME STUDENT’S

    Three Nigerans based in UK  develop dating App

    Three Nigerans based in UK develop dating App

    ASHDAM ACADEMY TRAINS ILUPEJU YOUTHS ON SOLAR DESIGN, INSTALLATION

    ASHDAM ACADEMY TRAINS ILUPEJU YOUTHS ON SOLAR DESIGN, INSTALLATION

    Ekiti SUBEB partners NGO on free ICT training for teachers

    Ekiti SUBEB partners NGO on free ICT training for teachers

    EKSG WIFE PROMISES TO USE TECHNOLOGY FOR WOMEN DEVELOPMENT.

    EKSG WIFE PROMISES TO USE TECHNOLOGY FOR WOMEN DEVELOPMENT.

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Sports
    EKITI NUJ  NOVELTY MATCH ENDS 3:3 DRAW

    EKITI NUJ NOVELTY MATCH ENDS 3:3 DRAW

    Wife of Ekiti state Gov Donates Sports Equipment for youth development

    Wife of Ekiti state Gov Donates Sports Equipment for youth development

    Chairman 101 Resort, Tolu Ibi Oluwatoba Lays Beloved Mother to Rest in Grand Ceremony

    Chairman 101 Resort, Tolu Ibi Oluwatoba Lays Beloved Mother to Rest in Grand Ceremony

    Ekiti Ex-Governor, Engr. Segun Oni, Others Extol Prof. Aribisala’s Virtues

    Ekiti Ex-Governor, Engr. Segun Oni, Others Extol Prof. Aribisala’s Virtues

    20 KANO ATHLETES  DIE IN ROAD CRASH

    20 KANO ATHLETES DIE IN ROAD CRASH

    Glamour, Reunion @ Mrs Olayinka Fagbemi’s 50th birthday

    Glamour, Reunion @ Mrs Olayinka Fagbemi’s 50th birthday

  • Lifestyle
    • All
    • Fashion
    • Health
    • Travel
    LAGOS STATE GOV INAUGURATES WOLE OLANIPEKUN PHYSIOTHERAPY CENTRE AT LUTH

    LAGOS STATE GOV INAUGURATES WOLE OLANIPEKUN PHYSIOTHERAPY CENTRE AT LUTH

    Oyebanji Installs New Elemure, advises aggrieved contenders to support monarch

    Oyebanji Installs New Elemure, advises aggrieved contenders to support monarch

    Education minister explains why University of Maiduguri was named after former president, Buhari

    Education minister explains why University of Maiduguri was named after former president, Buhari

    OLD STUDENTS ASSOCIATION  HONOURS PA. AJIBOYE @ CENTENARY ANNIVERSARY

    OLD STUDENTS ASSOCIATION HONOURS PA. AJIBOYE @ CENTENARY ANNIVERSARY

    EKSG Engages 250 Health Workers, ongoing Renovation of 103 Primary Health Centres  – Health Commissioner

    EKSG Engages 250 Health Workers, ongoing Renovation of 103 Primary Health Centres – Health Commissioner

    EKITI LIONS CLUB SEEKS PARTNERSHIP WITH NUJ

    EKITI LIONS CLUB SEEKS PARTNERSHIP WITH NUJ

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
No Result
View All Result
  • News
    • All
    • Business
    • Metro
    • Politics
    • World
    Ekiti Ex-Corps Member, Hannah bagged Presidential award, bursary, cash prizes, others

    Ekiti Ex-Corps Member, Hannah bagged Presidential award, bursary, cash prizes, others

    PDP NOT DEAD IN EKITI, SET TO WIN GUBER ELECTION – FUNMI OGUN

    Stop Demarketing PDP, Funmi Ogun Warns Fayose, Others

    PDP NOT DEAD IN EKITI, SET TO WIN GUBER ELECTION – FUNMI OGUN

    PDP NOT DEAD IN EKITI, SET TO WIN GUBER ELECTION – FUNMI OGUN

    OYEBANJI APPRECIATES PRESIDENT TINUBU, EKITI PEOPLE OVER SECOND TERM ENDORSEMENT

    OYEBANJI APPRECIATES PRESIDENT TINUBU, EKITI PEOPLE OVER SECOND TERM ENDORSEMENT

    Always Surround Yourself With Smarter companies, Sen. Arise Admonishes Youths

    Always Surround Yourself With Smarter companies, Sen. Arise Admonishes Youths

    AAUA ALUMNI ASSOCIATION CONDEMNS KILLING OF UNDERGRADUATES

    AAUA ALUMNI ASSOCIATION CONDEMNS KILLING OF UNDERGRADUATES

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    RIVERS IN DIASPORA CONDEMN PLOT TO DISTRACT GOVERNOR FUBARA

    RIVERS IN DIASPORA CONDEMN PLOT TO DISTRACT GOVERNOR FUBARA

    E’ LEARNING PLATFORM  UNVEILS APP TO ASSIST UTME STUDENT’S

    E’ LEARNING PLATFORM UNVEILS APP TO ASSIST UTME STUDENT’S

    Three Nigerans based in UK  develop dating App

    Three Nigerans based in UK develop dating App

    ASHDAM ACADEMY TRAINS ILUPEJU YOUTHS ON SOLAR DESIGN, INSTALLATION

    ASHDAM ACADEMY TRAINS ILUPEJU YOUTHS ON SOLAR DESIGN, INSTALLATION

    Ekiti SUBEB partners NGO on free ICT training for teachers

    Ekiti SUBEB partners NGO on free ICT training for teachers

    EKSG WIFE PROMISES TO USE TECHNOLOGY FOR WOMEN DEVELOPMENT.

    EKSG WIFE PROMISES TO USE TECHNOLOGY FOR WOMEN DEVELOPMENT.

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Sports
    EKITI NUJ  NOVELTY MATCH ENDS 3:3 DRAW

    EKITI NUJ NOVELTY MATCH ENDS 3:3 DRAW

    Wife of Ekiti state Gov Donates Sports Equipment for youth development

    Wife of Ekiti state Gov Donates Sports Equipment for youth development

    Chairman 101 Resort, Tolu Ibi Oluwatoba Lays Beloved Mother to Rest in Grand Ceremony

    Chairman 101 Resort, Tolu Ibi Oluwatoba Lays Beloved Mother to Rest in Grand Ceremony

    Ekiti Ex-Governor, Engr. Segun Oni, Others Extol Prof. Aribisala’s Virtues

    Ekiti Ex-Governor, Engr. Segun Oni, Others Extol Prof. Aribisala’s Virtues

    20 KANO ATHLETES  DIE IN ROAD CRASH

    20 KANO ATHLETES DIE IN ROAD CRASH

    Glamour, Reunion @ Mrs Olayinka Fagbemi’s 50th birthday

    Glamour, Reunion @ Mrs Olayinka Fagbemi’s 50th birthday

  • Lifestyle
    • All
    • Fashion
    • Health
    • Travel
    LAGOS STATE GOV INAUGURATES WOLE OLANIPEKUN PHYSIOTHERAPY CENTRE AT LUTH

    LAGOS STATE GOV INAUGURATES WOLE OLANIPEKUN PHYSIOTHERAPY CENTRE AT LUTH

    Oyebanji Installs New Elemure, advises aggrieved contenders to support monarch

    Oyebanji Installs New Elemure, advises aggrieved contenders to support monarch

    Education minister explains why University of Maiduguri was named after former president, Buhari

    Education minister explains why University of Maiduguri was named after former president, Buhari

    OLD STUDENTS ASSOCIATION  HONOURS PA. AJIBOYE @ CENTENARY ANNIVERSARY

    OLD STUDENTS ASSOCIATION HONOURS PA. AJIBOYE @ CENTENARY ANNIVERSARY

    EKSG Engages 250 Health Workers, ongoing Renovation of 103 Primary Health Centres  – Health Commissioner

    EKSG Engages 250 Health Workers, ongoing Renovation of 103 Primary Health Centres – Health Commissioner

    EKITI LIONS CLUB SEEKS PARTNERSHIP WITH NUJ

    EKITI LIONS CLUB SEEKS PARTNERSHIP WITH NUJ

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
No Result
View All Result
Precise News Online
No Result
View All Result
Home News Business

BANKS LOAD ATMS WITH NEW NAIRA, ENTERS CIRCULATION

Editor by Editor
December 15, 2022
in Business
0 0
0
BANKS LOAD ATMS WITH NEW NAIRA, ENTERS CIRCULATION
0
SHARES
127
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The newly redesigned naira notes will go into circulation on Thursday (today) with Deposit Money Banks releasing the bills to their customers via over-the-counter payments.

This came about three weeks after the President, Muhammadu Buhari , unveiled the new bills at a weekly Federal Executive Council meeting in Aso Rock Villa.

The President unveiled the redesigned notes : N200, N500 and N1,000 denominations.

The Governor, Central Bank of Nigeria, Godwin Emefiele, had in October announced that apex bank would release re-designed naira notes by December 15, 2022.

He also disclosed that the old notes would cease to be regarded as legal tender by January 31, 2023.

Emefiele opined that the redesigning of the naira notes would help to curb counterfeit notes, and reduce ransom payments to terrorists and kidnappers.

The CBN boss said it was worrisome that 85 per cent of the total currency in circulation was being hoarded by Nigerians.

As such, he said the redesigning of the local currency would help to mop up the currency outside the banking sector, adding that out of about N3.3tn in circulation, close to N2.75tn were outside the banking sector.

Meanwhile, top officials of commercial banks confirmed on Wednesday they had received the new notes from the CBN a couple of days ago,  adding that the redesigned currency would be released to their customers effective Thursday (today).

“We got the funds (new notes) about two days ago. Our head office has dispatched the funds to various area offices across the country. My branch will pick up our allocation at a nearby area office. We will start releasing the new notes to our customers by Thursday,” according to a top official of a commercial bank who spoke to one of our correspondents on condition of anonymity on Wednesday because he was not authorised to speak on the matter.

Multiple banking sources also said the new notes had arrived and were being kept in their vaults.

They confirmed the new notes would be paid to customers in banking halls beginning from Thursday.

The Punch

Tags: BanksCBNNew naira in circulation
Editor

Editor

Browse by Category

  • Business
  • Entertainment
  • Fashion
  • Health
  • Lifestyle
  • Metro
  • News
  • Politics
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 Precise News Online.

No Result
View All Result

© 2022 Precise News Online.

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

Add New Playlist