• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Sunday, June 1, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
Home Economy And Business

Naira Notes Will Be Out Of Circulation Soon, Says CBN Official

by NewsOnline Nigeria
May 21, 2022
in Economy And Business, Headline
0
naira

Naira

Naira Notes will be out of circulation soon, CBN Official has revealed.

 

 

Newsonline reports that the Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira.

 

ALSO: Black Market Dollar To Naira Exchange Rate Today 20 May 2022

 

This online newspaper understands that the Delta State Branch Controller of CBN, Mr Godwin Okafor, stated this on Friday at the popular Ogbogonogo market during the market sensitisation on e-Naira.

 

He urged traders to key into the central bank’s e-Naira policy.

 

He said, “We are here at the market today to sensitise the market people on the use of e-Naira. It is fully backed by CBN, unlike Bitcoin which has no legal backing.”

 

The consultant of CBN on e-Naira, Dr. Aminu Bizi, said Delta was chosen as the second state to sensitise market women on e-Naira after Lagos.

 

“We are here to sensitise market men and women, shop to shop on the use of e-Naira. CBN has gone behind ATM, POS, therefore, we are going to meet the Okada/tricycle union on this policy.

 

“Paper currency will soon be out of circulation because CBN spent money to print money and people abuse the currency in the market, spraying at the occasion, payment of Okada/tricycle and others and CBN is losing”

He said the use of e-Naira was effective, charges free unlike ATM and POS and cannot be hacked by fraudsters.

 

In his remark, the Secretary to the State Government, Chief Patrick Ukah, applauded CBN for the e-Naira initiative.

 

Ukah who was represented by the Director of Finance and Account in the office of SSG, Mr. Benson Ojoko, said the state was delighted with CBN programmes, describing e-Naira as a laudable programme that has placed Nigeria in international finance.

Previous Post

List of Universities that Accept 120 To 180 JAMB Score For Admission

Next Post

JAMB Refutes Error In Its Scoring System, Reacts To Plans To Organize Another UTME

Next Post
JAMB Result News

JAMB Refutes Error In Its Scoring System, Reacts To Plans To Organize Another UTME

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria