Tag: Naira Notes
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Hawk, spray naira notes, go to jail from party venue, CBN warns Nigerians
…to deploy mobile courts at strategic places across Nigeria The Bankers Committee on Thursday warned those who “spray” naira notes at parties risk going to jail from the party venue. Issuing the warning after its meeting in Lagos, the Bankers Committee said the mobile courts would be deployed nationwide to try those mishandling the currency.…
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Scarcity: CBN releases lower naira notes to traders
The Central Bank of Nigeria (CBN) says it has begun the disbursement of lower denomination of naira notes directly to the traders. It expressed its determination to put an end to the scarcity of the lower denomination naira notes in circulation. The apex bank, which also restated its commitment to the economic well-being of all…
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Police arrest five for hawking, selling naira notes
The police in Ogun have arrested five persons for allegedly hawking and selling Naira notes across the state. The offence is punishable under provision of section 21(1) of the Central Bank of Nigeria (CBN) act 2017. Although punishable, selling of naira notes is a common trend across Nigeria especially at party venues. The police spokesperson,…
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Stop mutilation of naira notes, we spend billions printing it — CBN tells Nigerians
…Says its symbol of national sovereignty The Central Bank of Nigeria (CBN) has condemned the mutilation of naira notes, saying it represents an abuse on national sovereignty. Mr. Isaac Okorafor, CBN’s acting Director of Corporate Communications, made the condemnation in an interview with newsmen on Wednesday in Abuja. According to Okorafor, the mutilation of the…