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Banks To Issue N10, N50, N20 and N100 Naira Notes To Customers To Curb Scarcity
The Central Bank Of Nigeria CBN has directed all commercial banks to issue N100, N50, N20, N10, and N5 notes to customers over the counter, regardless of the amount withdrawn.
Bankers Committee issued the directives to all commercial banks in the country on Monday, following a meeting in Lagos.
READ ALSO: Emefiele Gives New Deadline On Acceptance Of Old Naira Notes By Banks
The committee also announced the discontinuation of old notes payment of N1000, N500 and N200 across the counters.
According to the committee, bank customers are encouraged to use their alternative channels for transactions, while those who insist on new Naira notes are advised to use Automated Teller Machine (ATMs).
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