Naira notes
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There seems to be no end in sight to the scarcity of the redesigned naira notes as officials of the Central Bank of Nigeria (CBN) blame the general public for the problem. The apex bank commenced the circulation of the new notes on December 15 last year, but four months after, two of which majority…
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Despite extension of deadline for the circulation of old N1,000, N500 and N200 notes to February 10, bank customers continue to face frustration, as ATMs were largely empty across the country. The few that had the new naira notes had very long queues, with customers standing for many hours to take their turns. Even after…
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The Department of State Services (DSS) has intercepted members of organised syndicates involved in the sale of the new naira notes. DSS spokesperson, Peter Afunanya, disclosed this in a statement yesterday. Afunanya said the DSS, in the course of its operations in parts of the country, established that some commercial bank officials were aiding the…
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