The Central Bank of Nigeria (CBN) on Friday called all Nigerians and the banking public to be calm and show more understanding as the country transits from old to new naira.
Godwin Emefiele, governor of the CBN said this during a press briefing in Lagos.
He said the cash limit of N20,000 may be increased and that the ongoing premium charges by PoS operators should stop.
Read also: Cashless economy: CBN to boost SMEs with saved funds from naira redesign project
Emefiele said later today he will convene a meeting with bank CEOs, mobile money operators, telcos on how to address the PoS charges, while promising to find a way to refund the charges.
The Central Bank of Nigeria (CBN) on Sunday extended the deadline by 10 days from January 31, 2023, to February 10, 2023, to allow the collection of the old 1000, 500 and 200 naira notes.
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Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
