hoarding

Banks Set New ATM Withdrawal Limits For Customers

Apr 3, 2024. by Praise Ben

Nigerian banks impose ATM withdrawal limits, linked to cash scarcity. CBN cites substantial withdrawals and panic-driven activity for cash scarcity. Lagos banks reinstate ATM withdrawal restrictions, aligning with cash management efforts. EKO HOT BLOG reports that Nigerian commercial banks have imposed withdrawal limits on their automated teller machines (ATMs), with varying restrictions observed across different banks, … Read more

CBN Speaks On Efforts To Ease Out Old Naira Notes Before December Deadline

Apr 16, 2023. by Praise Ben

Nigerians are hoarding redesigned naira notes ahead of the December deadline for the phasing out of old notes. Despite the Supreme Court ruling that old and new notes should circulate until the end of the year, most notes spent by Nigerians are still the old ones. The CBN is printing and releasing more new notes … Read more