Connect with us

CBN Advises Nigerians to Exchange Old Naira Notes at POS Machines


Published By

USSD code for loans in Nigeria

The Central Bank of Nigeria (CBN) has urged Nigerians to utilise Point of Sale (POS) machines and open Savings accounts to make the transition to the redesigned Naira easier.

Mrs Rasheedat Mangunu, Director of Protection at the CBN, made this statement during a monitoring exercise in Ilorin.

This comes after the CBN announced on Jan. 25 that it would distribute POS to 30,000 super-agents across the country, each with a cash sum of 500,000 for use in exchanging old notes for new.

According to Mangunu, recently there have been growing levels of financial literacy as well as an extension of the deadline for spending old Naira notes.

She advised people living in rural areas especially to use the super-agents to easily open bank accounts with less stress using only National Identity Card.

Saheed AbdulRazaq, one POS agent in Isale Bani Alore Area noted that while he had been exchanging notes with residents since last week, many had not been able to acquire enough new notes due to his withdrawal capacity being unable meet demands.

In response, Mangunu assured citizens that all financial institutions will be involved adequately and all agents will receive enough cash for their operations.

People were also reminded that they can contact CBN via 08176656721 or 07080650991 or email address: [email protected] should they encounter any issues or complaints related to accessing their money and exchange their old notes for new ones.

Here Is The Easy Money-Making Trick Everyone Is Talking About! Learn More Here!

Continue Reading
Join The Conversation

Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.



Entertainment6 hours ago

Funke Akindele advises her followers to never change

Celebrating  the atmosphere of a new Month, Nollywood actress  queen Funke Akindele shared a stirring message with her followers on...

Entertainment6 hours ago

Ifeoma Ivy, Paul’s Okoye’s Girlfriend Blow Hot on internet users

Ifeoma Ivy, a model and Paul Okoye’s girlfriend, has taken offence at those who have congratulated her on her alleged...

Entertainment6 hours ago

Portable releases official statement after his arrest

Controversial Street Singer, Habeeb Okikiola also known as Portable has released his official statement concerning his arrest. According to the...

Entertainment8 hours ago

‘Timeless’, Davido’s new Album breaks more records

With his new album, Nigerian musician David Adeleke, also known as Davido, has smashed records. To claim the honour of...

Entertainment8 hours ago

Charly Boy reveals how God cured his Prostrate cancer

Legendary Nigerian entertainer Chukwuemeka Oputa, well known by his stage as Charly Boy, has opened up about overcoming prostrate cancer....

Entertainment11 hours ago

BBnaija star, Nengi warns critics from asking her questions about her relationship

Nengi, a BBNaija star, has begged internet users to refrain from asking her about her upcoming engagement to Ozo. It...

Entertainment12 hours ago

Jaruma-“I charge #1m for a face-to-face consultation”

A controversial aphrodisiac seller named Hauwa Mohammed, popularly known as Jaruma, has acknowledged that she charges N1 million for one-on-one...