eNaira: CBN Defers Launching it
Despite the huge advertisement that has been made about the launching of the new eNaira note, a campaign that has kicked start for over four months, the apex bank in the country, the Central Bank of Nigeria late yesterday night had announced the deferment of the planned unveiling of the digital currency, eNaira.
It is instructive to note that the launch was initially scheduled for October 1, but was postponed due to other activities lined up to commemorate the country’s 61st Independence Anniversary.
The apex bank’s Director of Communications, Osita Nwasinobi, explained in a statement that the CBN took the decision to postpone the launch, which had been initially planned to coincide with the Independence anniversary, in deference to the mood of national rededication to the collective dream of One Nigeria.
It read in part, “Ahead of the anticipated launch of Nigeria’s Central Bank Digital Currency, known as eNaira, the Spokesman of the Central bank of Nigeria, Mr. Osita Nwanisobi, says the planned unveiling on October 1, 2021 has now been deferred due to other key activities lined up to commemorate the country’s 61st Independence Anniversary.”
While assuring that there was no cause for alarm, Nwasinobi said the CBN and other partners were working round the clock to ensure a seamless process that will be for the overall benefit of the customer, particularly those in the rural areas and the unbanked population.
CBN Adjusts Cash Withdrawal Policy
Following the uproar and condemnation of the cash withdrawal policy by the apex bank, the Central Bank of Nigeria (CBN) has now adjusted the policy benchmark by increasing the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively.The directive is contained in a circular issued by the bank on Wednesday and signed by Haruna Mustafa, director of banking supervision department.Th...
Naira Re-designation: We're not aware about CBN Policy - Ministry of Finance
In an unbelievable development, the Minister of Finance, Budget, and National Planning, Zainab Ahmad, has distanced her ministry from the planned move by the Central Bank of Nigeria ( CBN) to redesign the naira.It will be recalled that the CBN governor, Godwin Emefiele said two days that the naira note will be redesigned starting from next month. The minister commented on the policy in response to a question raised by Senator Opeyemi Bamidele (APC Ekiti Central) dur...
In a quest to give the Naira Note a new look, the Central Bank of Nigeria (CBN) has redesigned some new naira notes.Godwin Emefiele, CBN governor, said this at a press conference on Wednesday.Emefiele said the new design and issues will be effective from December 2022.He advised Nigerians to take old notes to banks for the new notes.According to Emefiele, the new notes include N200, N500 and N1000.
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