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Anxiety is building up as commercial banks in Kano are refusing to attend to customers with the old naira notes. Our correspondent gathered that the banks are not issuing the new naira notes to customers in return. The Guardian observed that some branches of financial institutions in the city have already shut down operations against […]
Many business operators in the Federal Capital Territory (FCT), have started rejecting the old Naira notes in spite of Supreme Court order temporarily halting the ban on their use.
Citizen Muda wiped his brow. He could testify that the Central Bank had demonstrated incompetence in the logistics of the currency change.
Citizen Muda wiped his brow. He could testify that the Central Bank had demonstrated incompetence in the logistics of the currency change.
Residents of some communities and markets in the Illela Local Government Area of Sokoto State have begun to abandon the Nigerian currency for CFA franc because of the shortage of New Naira Notes, SaharaReporters has gathered. Investigations showed that Illela, a border town with Niger Republic and of about 105 kilometres from Sokoto, capital city of Sokoto State, now has most of its traders and residents trading, selling and buying in CFA franc.