CBN To Flood Banks With Old Naira Notes Today, After Labor Orders Nationwide Strike
Category: Nigeria News
Reliable sources in the apex bank said that headquarters of commercial banks had been contacted to collect the old notes they returned to the Central Bank for re-circulation.
“Banks have been instructed to collect the old naira notes they deposited in the CBN. Before the end of the week, the country would be awash with naira notes,” the source said.
It was learnt that the old naira notes may be returned to branches of the banks today.
The CBN decision came on a day the Nigerian Labor Congress (Congress) directed its affiliate members to picket states branches of the apex beginning from next week.
The organized Labor also directed workers to sit-at-home to protest cash crisis.
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