Finance

New Naira notes flood banks, ATMs

CBN to regulate volume of cash in circulation

In compliance with the Central Bank of Nigeria (CBN)’s directive to all commercial banks in Nigeria to start dispensing the new naira notes to customers in earnest, most of the banks in Bauchi State are already flooded with the new notes.

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Monitoring activities of the CBN officials in the state have revealed that commercial banks and their Automated Teller Machines (ATMs) were largely dispensing the new notes.

The News Agency of Nigeria (NAN) reports that CBN Officials monitored all the banks in the Bauchi metropolis to ensure compliance.

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    Dr Abdulkadir Jibrin, Director, Medical Services of the CBN, who led officials of the apex bank to monitor the money lodgement and withdrawer in the Metropolis, confirmed to NAN that new Naira notes had now flooded the banks.

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    “We monitored all the banks and ATMs in the state and ensured that they dispensed the new notes.

    “This is in line with CBN efforts to ensure that the new notes go round and reach the citizens,” he said.

    Pmnews

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