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Slow compliance despite CBN order, banks ration old notes
The silence of the Central Bank of Nigeria (CBN) on the trillions of naira it mopped from the financial system continues to cast doubt on the possibility of achieving sufficient naira circulation in the near term, after Monday night’s directive urging banks to comply with the Supreme Court ruling extending the validity of the old banknotes...
Geoff Iyatse, Waliat Musa (Lagos), Samson Kukwa-Yanor (Makurdi), Nnamdi Akpa (Abakaliki) and Rotimi Agboluaje (Ibadan)
