Tag: CBN Issues Fresh Directive on Old

  • CBN Issues Fresh Directive on Old, New Naira Notes

    CBN Issues Fresh Directive on Old, New Naira Notes

      The Central Bank of Nigeria (CBN) has instructed its branches nationwide to continue issuing both old and redesigned naira notes in ample quantities to deposit money banks. This directive comes on the heels of reports of cash scarcity in major cities despite earlier assurances from the CBN about sufficient cash availability. The CBN, in…