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.

Read:  Heritage Bank, others unlock N445trn commodities ecosystem 

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.

    Read:  Improved dividends halt bearish trend at stock market

    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.

    Read:  Ten Top Nigerian Banks Rake In N34.4trn Deposit In First 9 Months Of 2021.

    “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.


    Related posts

    Zenith bank launches ZIVA, intelligent, real-time chatbox


    Nigeria-Indonesia trade balance hits $4.7bn, as experts task manufacturers on tech.


    Equity mutual funds outperform peers in Nigeria’s N1.87 trillion mutual fund market.


    Custodian Investment’s turnover rises by 14% to N85.5b


    FG to launch $750m World Bank-backed programme


    Naira achieves convergence as official, parallel rates close at N756


    Leave a Comment