Tuesday, March 28, 2023
  • About Us
  • Advertisement
  • Contact Us
  • Privacy Policy
The Daily Crucible
  • Home
  • News
  • Business
    Pelican Greenish Acres Cocoa Project: Investors Target N100m Turn Over Yearly

    Pelican Greenish Acres Cocoa Project: Investors Target N100m Turn Over Yearly

    Agro Cargo Airport: Ogun To Land First Test Flight Thursday

    Agro Cargo Airport: Ogun To Land First Test Flight Thursday

    False Allegations, Defamatory Statements: PremiumTrust Bank States The True Position

    False Allegations, Defamatory Statements: PremiumTrust Bank States The True Position

    The Radiating Church Holds ‘GROW’ Conference In Ogun

    The Radiating Church Holds ‘GROW’ Conference In Ogun

    Coal Milling Project: Put Our Lives, Environment First Before Profit, Ogun Residents Tell Dangote

    Coal Milling Project: Put Our Lives, Environment First Before Profit, Ogun Residents Tell Dangote

    Ogun: Abiodun Hosts Plank Sellers, Tricycle Owners, Others, Harps On Prosperity

    Ogun: Abiodun Hosts Plank Sellers, Tricycle Owners, Others, Harps On Prosperity

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    Glamour, Excitement As Mumeen Makes Pelican Valley Estate His New Address

    Glamour, Excitement As Mumeen Makes Pelican Valley Estate His New Address

    Royal Family Is A ‘Death Cult’ — Prince Harry 

    Royal Family Is A ‘Death Cult’ — Prince Harry 

    Ogun Deputy Governor, Oyedele – Salako Fetes Children To Mark 57th Birthday

    Ogun Deputy Governor, Oyedele – Salako Fetes Children To Mark 57th Birthday

    CAF Reaches Out To The Aged In Ogun, Says Senior Citizens’ Wellbeing Its Priority

    CAF Reaches Out To The Aged In Ogun, Says Senior Citizens’ Wellbeing Its Priority

    Judy Austin Reflects On 2022, Says Many Ganged UP To Dim Her Light

    Judy Austin Reflects On 2022, Says Many Ganged UP To Dim Her Light

    Chimamanda Bags Odeluwa Chieftaincy Title In Home State, Anambra

    Chimamanda Bags Odeluwa Chieftaincy Title In Home State, Anambra

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    President Buhari Extols Tems’ Talent As Singer Wins First Grammy Award

    President Buhari Extols Tems’ Talent As Singer Wins First Grammy Award

    Again, Apostle Suleman Drags Halima To Court Over Actress’ Sex, Pregnancy Claims 

    Again, Apostle Suleman Drags Halima To Court Over Actress’ Sex, Pregnancy Claims 

    AMAA Founder, Peace Anyiam-Osigwe, Is Dead

    AMAA Founder, Peace Anyiam-Osigwe, Is Dead

    Banker, Shanu Obadiya Crowned Miss Epe 

    Banker, Shanu Obadiya Crowned Miss Epe 

    Gospel Singer Sammie Okposo Is Dead

    Gospel Singer Sammie Okposo Is Dead

    Daniel Urges FG To Take Over Ososa Film Village, Support Nollywood Industry

    Daniel Urges FG To Take Over Ososa Film Village, Support Nollywood Industry

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    Ogun Govt Renovates MKO Abiola Stadium, Recovers Seats Fully

    Ogun Govt Renovates MKO Abiola Stadium, Recovers Seats Fully

    Cristiano Ronaldo Joins Al-Nassr, To Earn $75m Yearly

    Cristiano Ronaldo Joins Al-Nassr, To Earn $75m Yearly

    Scaloni Wants Messi To Play On Till 2026 World Cup

    Scaloni Wants Messi To Play On Till 2026 World Cup

    Qatar 2022: Messi’s Argentina Win World Cup

    Qatar 2022: Messi’s Argentina Win World Cup

    Sports Festival: Gov. Abiodun Rains Millions On Athletes

    Sports Festival: Gov. Abiodun Rains Millions On Athletes

    Armstrong FC Wins Akesan Day 2022 Football Competition

    Armstrong FC Wins Akesan Day 2022 Football Competition

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
  • Home
  • News
  • Business
    Pelican Greenish Acres Cocoa Project: Investors Target N100m Turn Over Yearly

    Pelican Greenish Acres Cocoa Project: Investors Target N100m Turn Over Yearly

    Agro Cargo Airport: Ogun To Land First Test Flight Thursday

    Agro Cargo Airport: Ogun To Land First Test Flight Thursday

    False Allegations, Defamatory Statements: PremiumTrust Bank States The True Position

    False Allegations, Defamatory Statements: PremiumTrust Bank States The True Position

    The Radiating Church Holds ‘GROW’ Conference In Ogun

    The Radiating Church Holds ‘GROW’ Conference In Ogun

    Coal Milling Project: Put Our Lives, Environment First Before Profit, Ogun Residents Tell Dangote

    Coal Milling Project: Put Our Lives, Environment First Before Profit, Ogun Residents Tell Dangote

    Ogun: Abiodun Hosts Plank Sellers, Tricycle Owners, Others, Harps On Prosperity

    Ogun: Abiodun Hosts Plank Sellers, Tricycle Owners, Others, Harps On Prosperity

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    Glamour, Excitement As Mumeen Makes Pelican Valley Estate His New Address

    Glamour, Excitement As Mumeen Makes Pelican Valley Estate His New Address

    Royal Family Is A ‘Death Cult’ — Prince Harry 

    Royal Family Is A ‘Death Cult’ — Prince Harry 

    Ogun Deputy Governor, Oyedele – Salako Fetes Children To Mark 57th Birthday

    Ogun Deputy Governor, Oyedele – Salako Fetes Children To Mark 57th Birthday

    CAF Reaches Out To The Aged In Ogun, Says Senior Citizens’ Wellbeing Its Priority

    CAF Reaches Out To The Aged In Ogun, Says Senior Citizens’ Wellbeing Its Priority

    Judy Austin Reflects On 2022, Says Many Ganged UP To Dim Her Light

    Judy Austin Reflects On 2022, Says Many Ganged UP To Dim Her Light

    Chimamanda Bags Odeluwa Chieftaincy Title In Home State, Anambra

    Chimamanda Bags Odeluwa Chieftaincy Title In Home State, Anambra

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    President Buhari Extols Tems’ Talent As Singer Wins First Grammy Award

    President Buhari Extols Tems’ Talent As Singer Wins First Grammy Award

    Again, Apostle Suleman Drags Halima To Court Over Actress’ Sex, Pregnancy Claims 

    Again, Apostle Suleman Drags Halima To Court Over Actress’ Sex, Pregnancy Claims 

    AMAA Founder, Peace Anyiam-Osigwe, Is Dead

    AMAA Founder, Peace Anyiam-Osigwe, Is Dead

    Banker, Shanu Obadiya Crowned Miss Epe 

    Banker, Shanu Obadiya Crowned Miss Epe 

    Gospel Singer Sammie Okposo Is Dead

    Gospel Singer Sammie Okposo Is Dead

    Daniel Urges FG To Take Over Ososa Film Village, Support Nollywood Industry

    Daniel Urges FG To Take Over Ososa Film Village, Support Nollywood Industry

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    Ogun Govt Renovates MKO Abiola Stadium, Recovers Seats Fully

    Ogun Govt Renovates MKO Abiola Stadium, Recovers Seats Fully

    Cristiano Ronaldo Joins Al-Nassr, To Earn $75m Yearly

    Cristiano Ronaldo Joins Al-Nassr, To Earn $75m Yearly

    Scaloni Wants Messi To Play On Till 2026 World Cup

    Scaloni Wants Messi To Play On Till 2026 World Cup

    Qatar 2022: Messi’s Argentina Win World Cup

    Qatar 2022: Messi’s Argentina Win World Cup

    Sports Festival: Gov. Abiodun Rains Millions On Athletes

    Sports Festival: Gov. Abiodun Rains Millions On Athletes

    Armstrong FC Wins Akesan Day 2022 Football Competition

    Armstrong FC Wins Akesan Day 2022 Football Competition

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
No Result
View All Result
Home News

Buhari Approves 10 – Day Extension For Old Notes Phase Out

The Daily Crucible by The Daily Crucible
January 29, 2023
in News
0

President Muhammadu Buhari has approved a 10-day extension for Nigerians to swap their old N1,000, N500 and N200 notes for the new ones.

 

You might also like

Deputy High Commissioner For UK In Nigeria; Ben Llewellyn -Jones And His Lessons In Decency And Etiquette 

I Didn’t Say Yorubas Are Political Rascals – Iwuanyanwu

Senator Adeola Mourns General Diya As Ogun Plans State Burial For Late Military Administrator

It was initially fixed for January 31st but following widespread outcries occasioned by shortage of the new notes amid rejection of the old ones by some operators in the informal sector, probably forced the government to soft-pedalled.

Central Bank of Nigeria (CBN) governor Godwin Emefiele disclosed this on Sunday in Daura, Katsina State a meeting with President Muhammadu Buhari in his Daura country home.

 

Emefiele  said banks will continue to disburse notes in exchange for the old ones till February 10, 2023.

The CBN Governor also said from February 10, Nigerians will have the grace of visiting the CBN to deposit their old notes for new ones for another seven days, which ends on February 17, 2023.

 

“We have today sought and obtained Mr. President’s approval for the following: one, a 10 day extension of the deadline from January 31, 2023, to February 10, 2023, to allow for collection of more old notes, legitimately held by Nigerians and achieve more success in cash swap in rural areas in our villages and communities, after which all old notes outside the CBN lose their legal values.

“Our CBN staff currently on mass mobilisation and monitoring, together with officials of the EFCC and ICPC, will work together to achieve these objectives in the coming days.

 

“Two, a seven-day grace period, beginning on February 10, to February 17, 2023, in compliance with Section 20, subsection 3, and section 22 of the CBN Act, allowing Nigerians to deposit their old notes at the CBN after the February deadline, when the old currency would have lost its legal tender status.

ADVERTISEMENT

 

“We, therefore, appeal to all Nigerians to work with the Central Bank of Nigeria to achieve a hitch-free process for the implementation of this very important program,” he said.

 

According to him, 75 percent of the N2.7 trillion trapped outside the banking system has been recovered.

He said: “We are happy that so far, the exercise has achieved a success rate of over 75 per cent of the N2.7 trillion held outside the banking system.

“Nigerians in the rural areas, villages, the aged and vulnerable have had the opportunity to swap their old notes; leveraging the Agent Naira Swap initiative as well as the CBN Senior staff nationwide sensitization team exercise.

“Aside from those holding illicit/stolen Naira in their homes for speculative purposes, we do aim to give all Nigerians that have Naira legitimately earned and trapped, the opportunity to deposit their legitimately trapped monies at the CBN for exchange,” he said.

 

Previous Post

Abandoned World Bank Project: Senator Adeola Pledges N50m For Completion

Next Post

My Experience With Pelican Valley – Canada Based Egba High Chief

The Daily Crucible

The Daily Crucible

The Daily Crucible Newspaper is an authoritative and independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, peace, progress and greatness, given the heterogeneity of her citizens. We shall vigorously pursue this vision and anchor it on tripod of truth, justice and fairness. We shall feed the general public with robust information they need to make informed decision on issues and matters that affect them, promote human - capital development, freedom and free market enterprise. And our loyalty shall be to Nigeria and public interest, and shall respect ethnic, religious and political diversity without being partisan and sectional.

Related Posts

Deputy High Commissioner For UK In Nigeria; Ben Llewellyn -Jones And His Lessons In Decency And Etiquette 
News

Deputy High Commissioner For UK In Nigeria; Ben Llewellyn -Jones And His Lessons In Decency And Etiquette 

by The Daily Crucible
March 28, 2023
I Didn’t Say Yorubas Are Political Rascals – Iwuanyanwu
News

I Didn’t Say Yorubas Are Political Rascals – Iwuanyanwu

by The Daily Crucible
March 27, 2023
Senator Adeola Mourns General Diya As Ogun Plans State Burial For Late Military Administrator
News

Senator Adeola Mourns General Diya As Ogun Plans State Burial For Late Military Administrator

by The Daily Crucible
March 27, 2023
Diya’s Geat Success, Accomplishments Will Live After Him – Obasanjo
News

Diya’s Geat Success, Accomplishments Will Live After Him – Obasanjo

by The Daily Crucible
March 27, 2023
Probe Adebutu, Ogun PDP’s Electoral Infractions, Group Tasks Security Agencies
News

Probe Adebutu, Ogun PDP’s Electoral Infractions, Group Tasks Security Agencies

by The Daily Crucible
March 26, 2023
Next Post
My Experience With Pelican Valley – Canada Based Egba High Chief

My Experience With Pelican Valley - Canada Based Egba High Chief

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Abiodun To Revisit Revoked 75 coronet Obas Matter

February 11, 2023
30 Held In Connection With Sagamu Violent Protest – Police

30 Held In Connection With Sagamu Violent Protest – Police

February 20, 2023

Categories

  • Business
  • Education
  • Entertainment
  • Health
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Politics
  • Property
  • Sports
  • World

Don't miss it

Deputy High Commissioner For UK In Nigeria; Ben Llewellyn -Jones And His Lessons In Decency And Etiquette 
News

Deputy High Commissioner For UK In Nigeria; Ben Llewellyn -Jones And His Lessons In Decency And Etiquette 

March 28, 2023
I Didn’t Say Yorubas Are Political Rascals – Iwuanyanwu
News

I Didn’t Say Yorubas Are Political Rascals – Iwuanyanwu

March 27, 2023
Senator Adeola Mourns General Diya As Ogun Plans State Burial For Late Military Administrator
News

Senator Adeola Mourns General Diya As Ogun Plans State Burial For Late Military Administrator

March 27, 2023
Diya’s Geat Success, Accomplishments Will Live After Him – Obasanjo
News

Diya’s Geat Success, Accomplishments Will Live After Him – Obasanjo

March 27, 2023
Protect Election Materials From Adebutu, PDP and Thugs, Ogun APC charges INEC
Politics

Protect Election Materials From Adebutu, PDP and Thugs, Ogun APC charges INEC

March 27, 2023
Probe Adebutu, Ogun PDP’s Electoral Infractions, Group Tasks Security Agencies
News

Probe Adebutu, Ogun PDP’s Electoral Infractions, Group Tasks Security Agencies

March 26, 2023
The Daily Crucible

The Daily Crucible Newspaper is an authoritative and independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, peace, progress, and greatness, given the heterogeneity of its citizens.

© 2022 The Daily Crucible - Designed by CYBERWARRIOR.

No Result
View All Result
  • Home
  • News
  • Politics
  • Property
  • Business
  • Education
  • Health
  • Entertainment
  • About Us
  • Contact Us

© 2022 The Daily Crucible - Designed by CYBERWARRIOR.