The Central Bank of Nigeria has cleared the air by directing commercial banks to dispense and accept the deposit of old Naira notes amid the raging currency crisis.Dr. Isa Abdulmumin, Acting Director of Corporate Communication at the CBN, in an exclusive chat with The Daily Post on Monday, clarified that there is no statement from the apex bank telling commercial banks to dispense and accept the old N500 and N1000 notes from Nigerians.Abdulmumin was reacting to a st...

The Governor of Anambra State, Prof. Charles Soludo, confirmed on Monday that the Central Bank of Nigeria has asked commercial banks to dispense and accept old naira notes as deposits.The Daily Post reports that Soludo, a former CBN governor, made this known in a statement he posted on his social media handles.He explained that the Governor of CBN, Godwin Emefiele, gave the directive at a Banker’s Committee meeting on Sunday.He added that Emefiele personally confirm...

The former CBN governor and incumbent Governor of Anambra state, Prof Charles Soludo has confirmed through a press release that commercial banks have been directed by the Central Bank to dispense old currency notes and to also receive same as deposits from customers.Soludo also insisted that tellers at commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.The Governor of the CB...