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The Central Bank of Nigeria, CBN, has vowed to impose stiffer sanctions on financial institutions hoarding the new naira notes.
CBN Director of the Payment System Management Department, Musa Jimoh, confirmed that the apex bank has massively supplied the new notes to banks to dispense both at counters and Automated Teller Machines, ATMs.
Jimoh stated that the decision to redesign the naira conforms to the global practice as currency notes ought to be redesigned every five years.
The director advised citizens to deposit their old notes and collect new ones, stressing that the ultimatum remains sacrosanct.
France has agreed to a request from Burkina Faso's military leaders to withdraw all its troops from the country. France said it would also recall its ambassador to the country for consultations, noting that there are currently 400 French Special Forces in the country, who have just one month to leave. Burkina Faso, which is currently battling an Islamist insurgency, says it wants to defend itself. France has kept close […]
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