Brands and Marketing
“We Will Not Wait For You To Bring Your Naira”- CBN Tells Nigerians In Diaspora
“We Will Not Wait For You To Bring Your Naira”- CBN Tells Nigerians In Diaspora
The Central Bank of Nigeria (CBN) has informed Nigerians in the diaspora that it will not wait for them to return their old N200, N500, and N1000 banknotes.
The CBN Governor Godwin Emefiele stated this during the 288th meeting of the Monetary Policy Committee (MPC) held earlier today in Abuja.
According to him, the apex bank will not delay the launch of the new banknotes just to allow Nigerians abroad to deposit the old naira in their possession. He said:
“Let me crack a joke; if you are in a diaspora Nigerian, you are not supposed to be spending naira. You can not spend naira in the US or London, so you have no reason to keep naira. So we don’t have business with you. We would not wait for you to bring your naira. we would not change any deadline; what we have done is not against the law. It is tandem with the law.”
Support for new banknotes: The CBN Governor appreciated the Nigerian presidency, the Economic and Financial Crimes Commission (EFCC) and the Nigerian senate for the support they gave towards the redesign of the naira.
He reiterated that the current currency would remain legal tender alongside the new Notes until January 31, 2023.
Wike’s Tinubu 2027 Campaign Role Triggers Political Outrage Across Opposition
Oyo Government Halts Construction and Seals Collapsed Building in Ibadan
UPDATED: S’Eagles Eric Chelle Announces Revised Squad For Russia Friendly
Eid-ul-Adha: FG Announces Public Holidays for Friday, June 6 and Monday, June 9, 2025
NiMet Forecasts 3-day Nationwide Thunderstorms, Rains Starting From Monday
Court Date Set for Senator Natasha Akpoti-Uduaghan in Defamation Case Involving Senate President Akpabio
FG Launches Nationwide Social Housing Project: 77,400 Units to Address Nigeria’s Housing Deficit
Onanuga: Tinubu’s Economic Policies Will Soon Lower Cost of Living for Nigerians
2025 Arafah Sermon to Be Broadcast in Hausa, Yoruba, Fulani and 34 Other Languages by Saudi Arabia
Matheus Cunha Joins Manchester United in £62.5m Transfer from Wolves
-
Headline1 week agoPDP NEC Meeting Postponed Again as Internal Crisis Deepens; Governors, BoT, and Saraki Panel to Meet
-
Headline1 week agoNorth-Central APC Forum Endorses Tinubu and Mutfwang, Adopts Green Cap Movement for 2027
-
Headline1 week agoUCL 2025/26: 27 Clubs Secured Qualification Spot Already (FULL LIST)
-
Entertainment1 week agoAmerican Singer, Billy Joel Diagnosed With Brain Disorder
-
Headline5 days agoOgun Athletes’ Protest Over Allowances at National Sports Festival Deemed ‘Impatient’ by State Government
-
Headline1 week agoInternal Tensions Surface in ADC as It Becomes Platform for Anti-Tinubu Coalition
-
Headline1 week agoNapoli Emerged Champions Of Italian Serie A
-
Headline7 days agoChildren’s Day 2025: President Tinubu Calls for National Unity Against Bullying, Reaffirms Child Welfare Priorities
-
Crime1 week ago[VIDEO]: NDLEA’s Drug Seizure at Lagos Airport Reveals Evolving Trafficking Tactics
-
Headline1 week agoFederal Government Files Defamation Suit Against Senator Natasha Akpoti-Uduaghan; Legal Team Vows to Present Evidence