Banks battle new naira shortage ahead deadline

Eight days to the January 31 cutoff time set by the National Bank of Nigeria to stop the old N1,000, N500, and N200 notes from being legitimate delicate, banks’ Computerized Teller Machines in Lagos, Abuja and different pieces of the nation are as yet administering the old notes, discoveries by The PUNCH have uncovered.

In spite of the zenith bank and saving banks’ affirmations that Nigerians would start to get the new naira notes from ATMs across various stages, discoveries as of Sunday showed that numerous ATMs having a place with the monetary organizations were administering the old notes.

Albeit a portion of the ATMs visited in Lagos, Abuja, Ogun, Osun, and Gombe, among others, administered the new notes, The PUNCH saw that banks were all the while stacking countless their ATMs with the old naira ntes which are expected to be gradually gotten rid of by the CBN in about seven days’ time.

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