The Central Bank of Nigeria (CBN) has directed commercial banks to commence the payment of the new Naira notes over the counter. This came as cash Crunch being suffered by Nigerians worsened. However, this new order by CBN is subject to a maximum daily payout limit of N20,000. Before now, the redesigned notes could only be paid through ATMs. The bank has also vowed to go after sellers and abusers of the Naira, stating that they shall be prosecuted by the apex bank, the police, and other agencies. READ ALSO:…
Read MorePay New Notes Over The Counter, CBN Orders Banks As Cash Crunch Worsens
