CBN Authorizes Over-the-Counter Payment of New Naira Notes
Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), gave deposit money banks (DMBs) yesterday instructions to start issuing the newly designed naira notes over the counter, with a N20,000 daily payout cap. Emefiele also asked Nigerians to be patient, noting that the central bank was making serious efforts to address the issue … Read more