Tag: Cash Swap
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Cash swap: Banks reopen in Benin after 4-day closure
Some commercial banks in Benin reopened for business on Monday, after shutting down on February 16, following sporadic attacks on some facilities in the city. Banks came under violent attacks on February 15 by some customers, who were enraged by their inability to make withdrawals.
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Cash swap: Buhari approved ten days extension -CBN
The Governor of Central Bank of Nigeria CBN, Godwin Emefiele on Sunday said President Muhamadu Buhari approved the extension of old Naira notes by ten days. Emefiele explained that the apex bank has sought approval from President Muhammadu Buhari to extend the deadline for the use of the old notes by 10 days. “Based…
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CASH SWAP: CBN stops Abuja, Lagos PoS operators
The Central Bank of Nigeria, CBN, has stopped mobile money/Point of Sales agents in Abuja and Lagos from its newly launched cash swap programme. The development came as the January 31 deadline for the phasing out of the old N1,000, N500 and N200 notes approaches. In a Frequently Asked Questions document released to selected agents…