Issue More New Naira Notes, Withdraw Old Ones Before December 31 …C0NTINUE READING HERE >>>
The House of Representatives has urged the Central Bank of Nigeria (CBN) to issue more new N200, N500 and N1,000 currency notes and begin the gradual withdrawal of the old Naira notes from circulation before the deadline of December 31, 2024.
The House also asked CBN to order commercial banks to forthwith stop cash payment to their customers with old N200, N500 and N1,000 notes but instead engage in gradual mopping up of the old naira notes.
It further urged the apex bank to kick-start awareness programmes for Nigerians to be aware and prepare for the deadline of December 31, 2024.
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