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BREAKING; CBN Orders Banks To Start Payment Of New Naira Notes.



The Central Bank of Nigeria (CBN) has directed all commercial banks to begin the payment of the new naira notes to customers over the counter.

This is according to a Thursday statement signed by the Bank’s Director, Corporate Communications Osita Nwanisobi. He said it is part of moves to reduce the suffering of Nigerians who are finding it hard to get the new notes.

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“In line with this resolve, the Governor, Mr. Godwin Emefiele, has directed deposit money banks (DMBS) to commence the payment of the redesigned Naira notes over the counter, subject to a maximum daily payout limit of N20,000,” the statement added.

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