Tag: Ahmed Umar
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Circulation of new Naira notes: What we have told banks to do – CBN
The Central Bank of Nigeria (CBN) says it has mandated banks across the country to stop putting old Naira notes in their automated teller machine (ATMs) and that they should only load in the new notes.
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New Year tragedy: 7 die, 16 injured in Lagos-Ibadan accident
No fewer than seven persons were confirmed dead on Sunday while 16 others sustained injuries in an accident involving a Toyota Hiace bus and Mack tanker few meters to Gofamaint on the Lagos-Ibadan expressway.
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CBN opens up on redesigning other Naira denominations
The Central Bank of Nigeria (CBN) has disclosed, contrary to rumours of printing other Naira denominations apart from the redesigned N1000, N500 and N200, that no other denominations would be printed.
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CBN warns banks against ‘composed’ banknotes in their deposits
The Central Bank of Nigeria (CBN), has warned Deposit Money Banks (DMBs) to stop bringing “composed banknotes ” as part of their deposits with the apex bank. The warning is contained in a circular issued in Abuja by Ahmed Umar, the Director, Currency Operations Department of CBN, which he said took effect from April 1.