Justin Ifeanyichukwu Harrison

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Happy New Year

Central Bank of Nigeria withdrawal limit increased to favour POS operators

Mr. Strategy is here to help your business with a reliable and suitable POS machine.

I am a call or message away from you🙂
09135856234/ 07031452427

To everyone who joined me in celebrating my birthday, joy will always be present in your home!

God has been dependable for me! Despite the highs and lows I have so far experienced, I found that growth has been constant.

Knowing that obstacles are necessary for healthy growth can help you focus on conquering obstacles rather than avoiding them.

Running away from them leaves you in a stagnant state because Mr. GROWTH is up ahead.

Without a challenge, there won't be a champion.

God will always give us the strength and grace we need to triumph.

I'm still your BRM/AGG. Mr. Strategy

The association you keep today has a way of telling your future.


The goal is build a great future.

*PRESS REMARKS BY GOVERNOR GODWIN EMEFIELE ONISSUANCE OF NEW NAIRA BANKNOTES*

Good afternoon Ladies and Gentlemen, and welcome
to this special press briefing of the Bank. We have called
this gathering to inform relevant stakeholders and the
general public of persisting concerns we are facing with
the management of our current series of banknotes, and
currency in circulation, particularly those outside the
banking system in Nigeria.
As you all may be aware, currency management is a
key function of the Central Bank of Nigeria, as enshrined
in Section 2 (b) of the CBN Act 2007. Indeed, the integrity
of a local legal tender, the efficiency of its supply, as well
as its efficacy in the conduct of monetary policy are some
of the hallmarks of a great Central Bank.

In recent times, however, currency management has
faced several daunting challenges that have continued to
grow in scale and sophistication with attendant and
unintended consequences for the integrity of both the CBN
and the country. These challenges primarily include:
▪ Significant hoarding of banknotes by members of
the public, with statistics showing that over 80
percent of currency in circulation are outside the
vaults of commercial banks;
▪ Worsening shortage of clean and fit banknotes
with attendant negative perception of the CBN
and increased risk to financial stability;
▪ Increasing ease and risk of counterfeiting
evidenced by several security reports.
Indeed, recent development in photographic
technology and advancements in printing devices have
made counterfeiting relatively easier. In recent years, the
CBN has recorded significantly higher rates of counterfeiting especially at the higher denominations of
N500 and N1,000 banknotes.
Although global best practice is for central banks to
redesign, produce and circulate new local legal tender
every 5–8 years, the Naira has not been redesigned in the
last 20 years.
On the basis of these trends, problems, and facts,
and in line with Sections 19, Subsections a and b of the
CBN Act 2007, the Management of the CBN sought and
obtained the approval of President Muhammadu Buhari to
redesign, produce, and circulate new series of banknotes
at N100, N200, N500, and N1,000 levels.
In line with this approval, we have finalized
arrangements for the new currency to begin circulation
from December 15, 2022. The new and existing
currencies shall remain legal tender and circulate together until January 31, 2023 when the existing currencies shall
seize to be legal tender.
Accordingly, all Deposit Money Banks currently
holding the existing denominations of the currency may
begin returning these notes back to the CBN effective
immediately. The newly designed currency will be
released to the banks in the order of First-come-Firstserve basis.
Customers of banks are enjoined to begin paying into
their bank accounts the existing currency to enable them
withdraw the new banknotes once circulation begins in
mid-December 2022. All banks are therefore expected to
keep open, their currency processing centers from
Monday to Saturday so as to accommodate all cash that
will be returned by their customers.

For the purpose of this transition from existing to new
notes, bank charges for cash deposits are hereby
suspended with immediate effect. Therefore, DMBs are to
note that no bank customer shall bear any charges for
cash returned/paid into their accounts.
Members of the public are to please note that the
present notes remain legal tender and should not be
rejected as a means of exchange for purchase of goods
and services.
We would like to use this opportunity to reassure the
general public that the CBN would continue to monitor
both the financial system in particular, and the economy in
general, and always act in good faith for the achievement
of the Bank’s objectives and the betterment of the
country.
I thank you for listening.

Godwin Emefelie
Governor

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Before King Ahmed of Ottoman went to war, he locked his wife (the beautiful Queen) in a private room and gave the key to his best friend Mousa and said: "If I'm not back in four days, open the room and she's yours ... "

He climbed on his horse and gallops off towards the battlefield. Half an hour later, the King noticed a cloud of dust behind him. He stopped and saw his friend galloping very fast towards him.

"What's wrong ?" Asked the King. Out of breath, his friend Mousa responded: "You gave me the wrong key"

What????

Can you imagine !

He didn't even wait for the said 4days before trying the keys.

Be careful with the one you consider your best "friends" and whom you think you can entrust them with your hard earned treasure - they could be wishing you dead soon and hopefully inherit your God-given fortune!

Just an Advice.

Copied

Meet wise men and learn from them.
Combining your ignorance with the ignorance of other foolish men makes you the most foolish of them all.😊

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GIFT A FRIEND OR A RELATIVE TODAY😊
Get your brand-new WS7 Pro which is a replica of Apple Watch Series 7 at an affordable price. It is a sporty watch with a square form and a 1.75-inch IPS screen that includes a heart rate monitor, blood oxygen monitor, multi-sports mode, IP67 waterproofing, and Bluetooth calling capabilities.

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🙌🙌

Mstra Global Resources.
We are registered with CAC.

Your No. 1 POS plug

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Happy New Week🙌

Happy Anniversary to all of us at DotPay 🙌🙌

Enjoy our lastest updates by getting our reliable POS machine today.
DotPay

CBN N500k Grants Opens for Graduates, Undergraduates – Apply Now

Eligibility Criteria / CBN presents N500 scholarships to graduates

Applicants under the scheme will be graduates of Nigeria Polytechnics and Universities:

i. First-degree certificate (BSc/HND/ or it is equivalent);

ii. National Youth Service Certificate (NYSC) discharge or
exemption certificate;

iii. Certificate of Participation issued by polytechnics and universities evidencing entrepreneurship training; and

iv. Not more than 7 years post-NYSC

Visit https://cbnties.com.ng to apply 🙌

Happy Sunday, everyone!
I'm grateful for the sphere of influence you hold.
Together, let's make it count by carefully choosing actions that will have a beneficial influence on the future.
Honor your friendships!
Money will eventually fail you, but genuine friendships will always be there to make up for it.

Form Strategic Alliances🙌

For your business transactions, purchase a Dotpay POS device from me at company's price.
We activate nationwide, I deliver to you, and you pay on delivery.

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Don't rush to admire the accomplishments of successful businessmen when you see them.
These accomplishments are the result of overcome hurdles.
Both wishes and simple admiration are insufficient to get you where they are.

A crucial price you might pay to reach your desired level is to put more work into the current business endeavor you are engaged in and to improve your methods over time while overcoming difficulties and hurdles that may arise.

TOGETHER WE CAN GET THERE!