Friday, July 25, 2025
Public Sector Magazine
Advertisement
  • HOME
  • NEWS
    Ghana clears all capitation grant arrears for basic schools

    Ghana clears all capitation grant arrears for basic schools

    Nigeria Customs Service commits to seamless transition to B’Odogwu clearance platform

    Nigeria Customs Service commits to seamless transition to B’Odogwu clearance platform

    Tanzania:Zanzibar’s TRA surpasses tax targets, fuels development projects

    Tanzania:Zanzibar’s TRA surpasses tax targets, fuels development projects

    Kenya:NLC moves to secure land for parliament properties

    Kenya:NLC moves to secure land for parliament properties

    Accountability Series: Interior Minister Announces Transformative Initiatives

    Accountability Series: Interior Minister Announces Transformative Initiatives

    Mahama reaffirms commitment to economic stability

    Ghana: President Mahama welcomes London Mayor

    NIPOST gets new communications director: Ibrahim Musa Suleja

    NIPOST gets new communications director: Ibrahim Musa Suleja

    Trending Tags

    • FEATURES
      Meet Sidi Ould Tah: Newly President of African Development Bank Group

      Meet Sidi Ould Tah: Newly President of African Development Bank Group

      Meet the newly appointed executives steering NNPC Limited

      Meet the newly appointed executives steering NNPC Limited

      Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

      Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

      Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

      Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

      Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

      Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

      Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

      Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

      Meet Nigeria’s Newly Nominated Ministers

      Meet Nigeria’s Newly Nominated Ministers

      Nigeria’s $5 billion FLNG project gets Presidential endorsement

      FULL TEXT: President of Nigeria 2024 Independence Day speech

      Trending Tags

      • DIGITAL ECONOMY
        Tanzania signs deal with Cuban firm to enlarge TBPL

        Tanzania signs deal with Cuban firm to enlarge TBPL

        Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

        Namibia: President Nandi-Ndaitwah unveils new cabinet

        Kenya: Ministry of Health outlines SHA compliance measures

        Kenya: Ministry of Health outlines SHA compliance measures

        South Africa: Durban Port to expand vehicle terminal

        South Africa: Durban Port to expand vehicle terminal

        Botswana, Türkiye aim for stronger ties

        Botswana, Türkiye aim for stronger ties

        Nigeria to host 2025 Afreximbank annual meetings

        Nigeria to host 2025 Afreximbank annual meetings

        Ghana:Adjei reaffirms commitment to expanding urban water supply

        Ghana:Adjei reaffirms commitment to expanding urban water supply

        Mahama reaffirms commitment to economic stability

        Mahama reaffirms commitment to economic stability

        Kenya Government Embarks on County Industrialization Initiative to Boost Trade and Employment

        Kenya Government Embarks on County Industrialization Initiative to Boost Trade and Employment

        Trending Tags

        • INTERVIEW
          Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

          Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

          Transforming Botswana’s Public Service: Gaone Manzini on Leadership, Integrity, and Vision for the Future

          Transforming Botswana’s Public Service: Gaone Manzini on Leadership, Integrity, and Vision for the Future

          White House Welcomes Kenya William Ruto for First African State Visit

          White House Welcomes Kenya William Ruto for First African State Visit

          Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

          Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

          Ghana’s registra department: driving digitization for effecient services

          Ghana’s registrar department: driving digitization for efficient services

          Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

          Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

          Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

          Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

          “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

          “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

          I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

          I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

          Trending Tags

          • EVENTS
            • PUBLIC SECTOR AWARDS
            • GHANA PUBLIC SECTOR PR AWARDS
          • LISTS
            • All
            • PSCEOW
            • PSMOW
            Ghana: Vice President Bawumia launches Credit Scoring System

            Ghana: Vice President Bawumia launches Credit Scoring System

            FAAN MD Olubunmi Oluwaseun Kuku has emerged as Public Sector Global CEO of the Week

            FAAN MD Olubunmi Oluwaseun Kuku has emerged as Public Sector Global CEO of the Week

            Sam Shivute, Commissioner General, Namibia Revenue Agency has Emerged as Public Sector Global CEO of the Week

            Sam Shivute, Commissioner General, Namibia Revenue Agency has Emerged as Public Sector Global CEO of the Week

            Ms. Hapiloe Sello, Chief Executive Officer, South African National Parks has Emerged as Public Sector Global CEO of the Week

            Ms. Hapiloe Sello, Chief Executive Officer, South African National Parks has Emerged as Public Sector Global CEO of the Week

            Dr. Douglas Letsholathebe, Minister of Education and Skills Development, Botswana has Emerged as Public Sector Global Minister of the Week

            Dr. Douglas Letsholathebe, Minister of Education and Skills Development, Botswana has Emerged as Public Sector Global Minister of the Week

            Bashir Adewale Adeniyi MFR, Comptroller General, Nigeria Customs Service has Emerged as Public Sector Global CEO of the Week

            Bashir Adewale Adeniyi MFR, Comptroller General, Nigeria Customs Service has Emerged as Public Sector Global CEO of the Week

            Ms. Latifa Mohamed Hamis, Director General, Tanzania Trade Development Authority, has Emerged as Public Sector Global CEO of the Week

            Ms. Latifa Mohamed Hamis, Director General, Tanzania Trade Development Authority, has Emerged as Public Sector Global CEO of the Week

            The Minister of Health, Morocco, Hon. Khalid Ait Taleb has Emerged as Public Sector Global Minister of the Week

            The Minister of Health, Morocco, Hon. Khalid Ait Taleb has Emerged as Public Sector Global Minister of the Week

            Esther Ngari Emerges Public Sector Global ‘CEO of the Week’

            Esther Ngari Emerges Public Sector Global ‘CEO of the Week’

            Trending Tags

            • DOWNLOAD
              • MAGAZINE
              • NEWSLETTER
                • JUNE
                • JULY
                • AUGUST
                • MARCH 2023
            No Result
            View All Result
            • HOME
            • NEWS
              Ghana clears all capitation grant arrears for basic schools

              Ghana clears all capitation grant arrears for basic schools

              Nigeria Customs Service commits to seamless transition to B’Odogwu clearance platform

              Nigeria Customs Service commits to seamless transition to B’Odogwu clearance platform

              Tanzania:Zanzibar’s TRA surpasses tax targets, fuels development projects

              Tanzania:Zanzibar’s TRA surpasses tax targets, fuels development projects

              Kenya:NLC moves to secure land for parliament properties

              Kenya:NLC moves to secure land for parliament properties

              Accountability Series: Interior Minister Announces Transformative Initiatives

              Accountability Series: Interior Minister Announces Transformative Initiatives

              Mahama reaffirms commitment to economic stability

              Ghana: President Mahama welcomes London Mayor

              NIPOST gets new communications director: Ibrahim Musa Suleja

              NIPOST gets new communications director: Ibrahim Musa Suleja

              Trending Tags

              • FEATURES
                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet the newly appointed executives steering NNPC Limited

                Meet the newly appointed executives steering NNPC Limited

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Nigeria’s Newly Nominated Ministers

                Meet Nigeria’s Newly Nominated Ministers

                Nigeria’s $5 billion FLNG project gets Presidential endorsement

                FULL TEXT: President of Nigeria 2024 Independence Day speech

                Trending Tags

                • DIGITAL ECONOMY
                  Tanzania signs deal with Cuban firm to enlarge TBPL

                  Tanzania signs deal with Cuban firm to enlarge TBPL

                  Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                  Namibia: President Nandi-Ndaitwah unveils new cabinet

                  Kenya: Ministry of Health outlines SHA compliance measures

                  Kenya: Ministry of Health outlines SHA compliance measures

                  South Africa: Durban Port to expand vehicle terminal

                  South Africa: Durban Port to expand vehicle terminal

                  Botswana, Türkiye aim for stronger ties

                  Botswana, Türkiye aim for stronger ties

                  Nigeria to host 2025 Afreximbank annual meetings

                  Nigeria to host 2025 Afreximbank annual meetings

                  Ghana:Adjei reaffirms commitment to expanding urban water supply

                  Ghana:Adjei reaffirms commitment to expanding urban water supply

                  Mahama reaffirms commitment to economic stability

                  Mahama reaffirms commitment to economic stability

                  Kenya Government Embarks on County Industrialization Initiative to Boost Trade and Employment

                  Kenya Government Embarks on County Industrialization Initiative to Boost Trade and Employment

                  Trending Tags

                  • INTERVIEW
                    Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

                    Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

                    Transforming Botswana’s Public Service: Gaone Manzini on Leadership, Integrity, and Vision for the Future

                    Transforming Botswana’s Public Service: Gaone Manzini on Leadership, Integrity, and Vision for the Future

                    White House Welcomes Kenya William Ruto for First African State Visit

                    White House Welcomes Kenya William Ruto for First African State Visit

                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

                    Ghana’s registra department: driving digitization for effecient services

                    Ghana’s registrar department: driving digitization for efficient services

                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    Trending Tags

                    • EVENTS
                      • PUBLIC SECTOR AWARDS
                      • GHANA PUBLIC SECTOR PR AWARDS
                    • LISTS
                      • All
                      • PSCEOW
                      • PSMOW
                      Ghana: Vice President Bawumia launches Credit Scoring System

                      Ghana: Vice President Bawumia launches Credit Scoring System

                      FAAN MD Olubunmi Oluwaseun Kuku has emerged as Public Sector Global CEO of the Week

                      FAAN MD Olubunmi Oluwaseun Kuku has emerged as Public Sector Global CEO of the Week

                      Sam Shivute, Commissioner General, Namibia Revenue Agency has Emerged as Public Sector Global CEO of the Week

                      Sam Shivute, Commissioner General, Namibia Revenue Agency has Emerged as Public Sector Global CEO of the Week

                      Ms. Hapiloe Sello, Chief Executive Officer, South African National Parks has Emerged as Public Sector Global CEO of the Week

                      Ms. Hapiloe Sello, Chief Executive Officer, South African National Parks has Emerged as Public Sector Global CEO of the Week

                      Dr. Douglas Letsholathebe, Minister of Education and Skills Development, Botswana has Emerged as Public Sector Global Minister of the Week

                      Dr. Douglas Letsholathebe, Minister of Education and Skills Development, Botswana has Emerged as Public Sector Global Minister of the Week

                      Bashir Adewale Adeniyi MFR, Comptroller General, Nigeria Customs Service has Emerged as Public Sector Global CEO of the Week

                      Bashir Adewale Adeniyi MFR, Comptroller General, Nigeria Customs Service has Emerged as Public Sector Global CEO of the Week

                      Ms. Latifa Mohamed Hamis, Director General, Tanzania Trade Development Authority, has Emerged as Public Sector Global CEO of the Week

                      Ms. Latifa Mohamed Hamis, Director General, Tanzania Trade Development Authority, has Emerged as Public Sector Global CEO of the Week

                      The Minister of Health, Morocco, Hon. Khalid Ait Taleb has Emerged as Public Sector Global Minister of the Week

                      The Minister of Health, Morocco, Hon. Khalid Ait Taleb has Emerged as Public Sector Global Minister of the Week

                      Esther Ngari Emerges Public Sector Global ‘CEO of the Week’

                      Esther Ngari Emerges Public Sector Global ‘CEO of the Week’

                      Trending Tags

                      • DOWNLOAD
                        • MAGAZINE
                        • NEWSLETTER
                          • JUNE
                          • JULY
                          • AUGUST
                          • MARCH 2023
                      No Result
                      View All Result
                      Public Sector Magazine
                      No Result
                      View All Result
                      Home NEWS

                      CBN to introduce new currency notes come Mid December

                      Public Sector Global by Public Sector Global
                      October 27, 2022
                      in NEWS
                      0
                      CBN to introduce new currency notes come Mid December
                      Share on FacebookShare on Twitter

                      In an announcement by Godwin Emefiele, governor of the bank, who made this during a press briefing, about the new currencies notes to be introduced into the economy. The new currencies to be launched are N1,000, N500 and N200 notes.

                      Speaking during the press conference, Emefiele said, “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:

                      1. 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;
                      2. 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.”

                      Furthermore, he said, “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-First-serve 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.

                      Conclusively, 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.”

                      Tags: CBNDecembernew currency notes
                      Previous Post

                      President Samia Congratulates and set Tanzania- UK Ties for Greater Heights

                      Next Post

                      FG records Floods Killed 612 Persons, Govt Sends Relief Materials to States of Victims

                      Public Sector Global

                      Public Sector Global

                      Next Post
                      FG records Floods Killed 612 Persons, Govt Sends Relief Materials to States of Victims

                      FG records Floods Killed 612 Persons, Govt Sends Relief Materials to States of Victims

                      • Trending
                      • Comments
                      • Latest
                      Peter Obi under pressure to step down says Top Campaign Manager

                      Peter Obi under pressure to step down says Top Campaign Manager

                      April 17, 2023
                      Mr Alphayo J. Kidata, Commissioner General, Tanzanian Revenue Authority Emerges APS “CEO OF THE WEEK”

                      Mr Alphayo J. Kidata, Commissioner General, Tanzanian Revenue Authority Emerges APS “CEO OF THE WEEK”

                      June 12, 2023
                      Richest country in Europe marks third year of free public transport

                      Richest country in Europe marks third year of free public transport

                      March 23, 2023
                      Ghana: DVLA relocates Greater Accra Regional Office at 37 to Haatso – Bohye

                      Ghana: DVLA relocates Greater Accra Regional Office at 37 to Haatso – Bohye

                      April 21, 2024
                      FG Applauds NNPC Foray into Renewable Energy

                      FG Applauds NNPC Foray into Renewable Energy

                      0
                      Nigeria: 10,623 Poor Persons Get FG’s N5, 000 Monthly in Kaduna

                      Nigeria: 10,623 Poor Persons Get FG’s N5, 000 Monthly in Kaduna

                      0
                      BMCE Bank of Africa Launches Its 4th Edition of The African Entrepreneurship Award (AEA) Supporting Innovative Entrepreneurs in Africa

                      BMCE Bank of Africa Launches Its 4th Edition of The African Entrepreneurship Award (AEA) Supporting Innovative Entrepreneurs in Africa

                      0
                      Working Visit of the Chairperson of the African Union Commission in Algeria

                      Working Visit of the Chairperson of the African Union Commission in Algeria

                      0
                      Nigeria: Udeme Ufot backs new plan to empower women in Lagos

                      Nigeria: Udeme Ufot backs new plan to empower women in Lagos

                      July 24, 2025
                      Anglo American’s De Beers sale: Botswana wants control

                      Anglo American’s De Beers sale: Botswana wants control

                      July 24, 2025
                      Ghana clears all capitation grant arrears for basic schools

                      Ghana clears all capitation grant arrears for basic schools

                      July 24, 2025
                      Nigeria Customs Service commits to seamless transition to B’Odogwu clearance platform

                      Nigeria Customs Service commits to seamless transition to B’Odogwu clearance platform

                      July 23, 2025

                      Recent News

                      Nigeria: Udeme Ufot backs new plan to empower women in Lagos

                      Nigeria: Udeme Ufot backs new plan to empower women in Lagos

                      July 24, 2025
                      Anglo American’s De Beers sale: Botswana wants control

                      Anglo American’s De Beers sale: Botswana wants control

                      July 24, 2025
                      Ghana clears all capitation grant arrears for basic schools

                      Ghana clears all capitation grant arrears for basic schools

                      July 24, 2025
                      Nigeria Customs Service commits to seamless transition to B’Odogwu clearance platform

                      Nigeria Customs Service commits to seamless transition to B’Odogwu clearance platform

                      July 23, 2025
                      Facebook Twitter Instagram LinkedIn
                      Public Sector Magazine

                      Public Sector Global magazine is a free bi monthly publication that delivers cutting edge news, analysis, reports and exclusive interviews about challenges, opportunities and progress on the global public sectors space . We keep stakeholders informed of various government activities and initiatives.
                      Contact us: info@publicsectormag.net

                      Follow Us

                      Browse by Category

                      • APS TOP WOMEN
                      • DIGITAL ECONOMY
                      • EAST AFRICA
                      • EVENT
                      • Featured
                      • Features
                      • Government ICT
                      • INTERVIEW
                      • NEWS
                      • PERSONALITY
                      • Photo News
                      • PS Finance
                      • PSCEOW
                      • PSMOW
                      • PSWEEKLY
                      • Review
                      • South Africa
                      • Uncategorized
                      • West Africa
                      • Women in Public Sector

                      Recent News

                      Nigeria: Udeme Ufot backs new plan to empower women in Lagos

                      Nigeria: Udeme Ufot backs new plan to empower women in Lagos

                      July 24, 2025
                      Anglo American’s De Beers sale: Botswana wants control

                      Anglo American’s De Beers sale: Botswana wants control

                      July 24, 2025

                      Copyright © PublicSector Mag 2023. All Rights Reserved

                      No Result
                      View All Result

                      Copyright © PublicSector Mag 2023. All Rights Reserved