As previously published by Felix Omoko Blog , the Central Bank of Nigeria (CBN) has fixed February 17 as deadline for collection of old bank notes from the public as the use of the old notes are no longer legal tender.

The Central Bank of Nigeria, CBN bas introduced cash withdrawal limit of N20,000 daily and N100,000 weekly for individual and corporate organisations.

The Central Bank of Nigeria, CBN is the apex and regulatory bank which was established by the Act of Parliament in 1958 as amended in 1991, 1993,1997,1998,1999 and 2007.

The Central Bank of Nigeria (CBN) has reduced the money in circulation due to the current inflation. Last week, the revenue shared among the three tiers of government could not boost the quantity of money in circulation, because the financial system regulators had sold debt instruments to mop up the cash.