Tuesday , November 13 2018
Breaking News

CBN disburses lower currency notes to traders

Worried by the scarcity of lower currency denominations in circulation, the Central Bank of Nigeria (CBN, yesterday, commenced direct disbursement of the affected notes to traders.
Flagging off the process at Wuse Market in Abuja, yesterday, the Director of Currency Operations of the CBN, Mrs. Priscilla Eleje, said that N50, N20, N10 and N5 notes would be channeled to traders through their associations in markets across the nation. According to her, “the CBN will intervene on a weekly basis in the immediate and later respond based on demand.”

About Lanre Oyetade

A multiple award winner in Economics and business journalism, Lanre Oyetade has served close to two decades in the media industry, spanning different notable stables, where he is privileged to have risen to the position of a title editor. A masters degree holder in Economics from the University of Lagos and doctoral student at the Babcock University, he is a winner of the prestigious NMMA Capital Market Award for two consecutive years (2004 & 2005), and was also a nominee for the body’s banking and finance and money market awards for two years. In 2013, he also won the Most Outstanding Business-Reporting Title Editor award of the National Institute of Marketing of Nigeria (NIMN). A minister in the LORDS’s vineyard, he has been an inspirational speaker and resource person at many corporate and religious fora since early 2004, and has so far authored three books on the capital market; on personal effectiveness, and on personal finance, in 2008 and 2014, respectively.