Banks battle new naira shortage ahead deadline
Eight days to the January 31 deadline set by the Central Bank of Nigeria to stop the old N1,000, N500, and N200 notes from being legal tender, banks’ Automated Teller Machines in Lagos, Abuja and other parts of the country are still dispensing the old notes, findings by The PUNCH have revealed.
Eight days to the January 31 deadline set by the Central Bank of Nigeria to stop the old N1,000, N500, and N200 notes from being legal tender, banks’ Automated Teller Machines in Lagos, Abuja and other parts of the country are still dispensing the old notes, findings by The PUNCH have revealed.
Despite the apex bank and depositing banks’ assurances that Nigerians would begin to receive the new naira notes from ATMs across different platforms, findings as of Sunday showed that many ATMs belonging to the financial institutions were dispensing the old notes.
SOURCE- PUNCH
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