Business News Roundup From January 21-January 27, 2023

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

New Naira Notes: Nigerians Speak On CBN Deadline

In six days' time, the old naira notes would stop being legal tender as the Central Bank of Nigeria (CBN) had previously announced that the stoppage of the circulation of the old notes will take effect on January 31, 2023.

AllNews Nigeria spoke with a few people who shared their opinion on the redesigned currency. Read more here.

Redesigned Naira Notes: CBN Launches Cash Swap Scheme For Rural Communities

The Central Bank of Nigeria (CBN) has announced the launch of a Cash Swap Programme for rural and underserved areas, which will take effect from Monday, January 23, 2023.

The disclosure was made in a circular released by the CBN on Friday evening to all Deposit Money Banks, Mobile Money Operators and Super Agents. Read more here.

Our Refinery Project Not Part Of Buhari's Visit To Lagos — Dangote

Dangote Industries Limited has said the Dangote Refinery project is not part of President Mohammadu Buhari’s Programmed visit to Lagos State.

The group, in a signed by group chief, branding & communications officer of Dangote Industries, Anthony Chiejina said: "Our attention has been drawn to some misleading reports regarding the commissioning of our Dangote Refinery during the present working visit of President Muhammadu Buhari GCFR to Lagos State. Read more here.

Do Not See Naira Redesign As Form Of Witch Hunt, Punishment — NOA To Nigerians

The National Orientation Agency (NOA) has urged Nigerians not to see the naira redesign as a form of witch hunt or punishment but as a way of improving the economy.

Olusegun Adeyemi, the Kwara Director of NOA, said this on Wednesday in Ilorin during a motorised campaign aimed at educating the residents on the acceptance of the new Naira notes and the deadline to deposit old notes. Read more here

Cash Swap Programme: CBN Bars Lagos, Abuja PoS Operators

Mobile money/Point of Sales agents in Abuja and Lagos have been excluded from the Central Bank of Nigeria (CBN)'s  newly launched cash swap programme.

The development came as the January 31 deadline for the phasing out of the old N1,000, N500 and N200 notes approaches. 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.