Finance

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.

    Pmnews

    Related posts

    CBN plans Naira redesign to counter counterfeiting, kidnapping

    NigGal

    FCMB Group earns N352bn

    NigGal

    FG shops for $100bn to fund SDGs

    NigGal

    Dangote refinery gets another one million crude barrels

    NigGal

    Konga hosts biggest gadgets sale forum

    NigGal

    BoI becomes first signatory to UN responsible banking principles

    NigGal

    Leave a Comment