{"id":245619,"date":"2023-01-31T10:26:11","date_gmt":"2023-01-31T09:26:11","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=245619"},"modified":"2023-01-31T10:26:11","modified_gmt":"2023-01-31T09:26:11","slug":"new-naira-cbn-allocates-n30m-daily-to-bauchi-banks","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/01\/31\/new-naira-cbn-allocates-n30m-daily-to-bauchi-banks\/","title":{"rendered":"New naira: CBN allocates N30m daily to Bauchi banks"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">The Central Bank of Nigeria, Bauchi State, says it allocates N30 million new naira notes daily to each branch of banks in the state to increase access of customers to the new notes.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">An official of the apex bank, Mr Abdulkadir Jibrin, said this while monitoring banks in Bauchi on Monday to ensure access to new naira notes for residents of the state.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">He said the aim of the exercise was to ensure the availability of the new naira notes in the banks and also for easy exchange of old notes for the newly redesigned notes for the <a href=\"https:\/\/www.withinnigeria.com\/news\/2023\/01\/30\/tinubu-to-edo-residents-ill-be-your-listening-president\/\">residents<\/a>.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cOnly N10,000 and below could be exchanged per person and if the amount is more than that, one should open a bank wallet.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cDaily each branch across the state receives N30 million to ensure their Automated Teller Machines are stocked with cash for individuals to withdraw,\u201d he said.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">He, however, urged the public to use the extension of the deadline to February 10 to deposit their old <a href=\"https:\/\/www.withinnigeria.com\/news\/2023\/01\/29\/weve-enough-new-currencies-to-give-banks-cbn\/\">currencies<\/a> with banks to avoid financial loss.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cIt\u2019s just a window for the citizens that are yet to take their money into their accounts to do that and then those that have N10,000 or less.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cOur committee would continue to reach out to localities to ask them to bring out their old notes and exchange them with the new ones,\u201d he said.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">He explained that the monitoring exercise entailed checking the ATMs to ensure that the new naira notes were loaded for customers to withdraw.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">According to him, the ATMs will give people the opportunity to have access to money, adding that the officials of the apex bank track the volume of disbursement through the ATMs.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">He urged the public to report to the <a href=\"https:\/\/www.withinnigeria.com\/news\/2023\/01\/29\/old-naira-notes-house-of-representatives-rejects-cbn-extension\/\">CBN<\/a> if any bank refused to open for operations or failed to disburse the new notes through their ATMs.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">A Bauchi resident, Mr Aliyu Zarami, commended the federal government for extension of the deadline to Feb. 10.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">He urged the apex bank to sanction banks or agents found violating any rule or directive of issuance of new notes.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Another resident, Hajiya Nafisa Mohammed, lauded the extension and said it would reduce tension and afford the people the opportunity to deposit their old notes and have new ones for transactions.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cThe banks should do something about the long queue of depositors of the old naira notes,\u201d she said.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">A cleric, Ustaz Saminu Ahmed, also commended the federal government for extending the deadline.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cBut the rural communities need more than one month, the date should be extended to two months to enable those in the grassroots to deposit their old notes,\u201d he said.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria, Bauchi State, says it allocates N30 million new naira notes daily to each branch of banks in the state to increase access of customers to the new notes. An official of the apex bank, Mr Abdulkadir Jibrin, said this while monitoring banks in Bauchi on Monday to ensure access to [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":239989,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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