The Central Bank of Nigeria (CBN) has stepped up the campaign to rid the country of dirty notes, make lower denominations available and stem the tide of racketeering in new notes, as it approved a disbursement to traders at the Tejuosho Ultra-modern Market, in Lagos.
The lower denominations approved by the management of CBN for the disbursement include N200, N100, N50, N20, N10 and N5 denominations to economic agents.’
This is in continuation of a series of direct disbursements to marketers, merchants, shopping malls, supermarkets, tollgates, among others, with a searchlight on the recipients to ensure compliance to rules.
The Director, Currency Operations Department, Mrs. Priscilla Eleje, at the weekend in Lagos, during the sensitisation programme at the market, said the traders at the market would be entitled to N5000 worth of the lower denominations weekly,
which would be done through their bank accounts. The Branch Controller, CBN Lagos, James Iyari, urged the traders not to continue to recycle dirty or mutilated Naira notes, but return such to their banks.
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View previous comments…Endy Edeson
Yeah, sure with time the old naira notes will be totally out but it will be a gradual process
Ajayi Peter Horlarbordey
with the way market woman handle the note it won't be long all become dirty again.
Jeremiah Ademolu
I hope those rogues working in the Bank won't only circulate this new note to those selling at the party
Daniel Orji
after they have hauld the notes for too long! this government is lazy, and careless, they lack public relation skill
Oloyede Ogundepo
I pray it work all through the nation. cos currency in kaduna is nothing to write home about.
DjLapel Shizu
See business, buying & selling
