Business News Roundup From January 14-January 20, 2023

Welcome to the AllNews roundup of the  5 Latest Business News that made the round last week.

CBN Deadline: Why ATMs Are Still Dispensing Old Naira Notes - Bank Officials

17 days to the deadline set by the Central Bank of Nigeria (CBN) for the stoppage of the circulation of the old Naira notes, millions of Nigerians still haven’t seen the new ones, especially in remote places and villages.

The Apex Bank has directed all banks to load their Automated Teller Machines (ATMs) with only the redesigned naira notes to ensure that the currency circulates across the nation ahead of the January 31, 2023, deadline when the old notes will no longer be legal tender. Read more here.

Mobile Transfer By Bank Customers Hit N19 Trillion

Bank customers in Nigeria have transferred a total of N19.4 trillion over mobile in 2022, according to data released by the Nigerian Inter-Bank Settlement System (NIBSS).

This reflects a 142% increase compared to N8 trillion worth of transactions in 2021. Read more here

Polaris Bank Partners NYSC To Build Digital Literacy Capacity For Corp Members

Polaris Bank has partnered with the National Youth Service Corps (NYSC) and NerdzFactory to start a workshop on digital skills for 5,000 NYSC members across 12 states in the country.

According to the bank, the partnership is to equip young Nigerians with relevant work-ready digital skills focused on building the youth’s self-sustenance in innovation, creativity, digital skills, business acumen, and relevance in the 21st-century economy and workplace. Read more here.

NECA Urges FG To Review Economic Policies

The Nigeria Employer’s Consultative Association (NECA) has urged the Federal Government to review and reshape economic policies to enhance growth and development.

This is contained in a letter signed by Adewale Oyerinde, the Director General of NECA. Read more here.

Report Banks That Fail To Load ATMs With Redesigned Naira, CBN To Nigerians

The Central Bank of Nigeria (CBN) has urged Nigerians to report banks that fail to load their Automated Teller Machines (ATMs) with the newly redesigned notes, saying it will begin to sanction banks that fail to comply with the directive.

Kofo Salam-Alada, the Director of the Legal Services department of the apex bank said this during a sensitisation event in the popular Computer Village market in Ikeja, Lagos. Read more here.

These are the latest Business news that made trends during the week. Visit our website https://allnews.ng for more Business news around the world.