Nigerians frustrated as ATMs fail to dispense new naira notes, CBN insists on January 31 deadline

The situation is further compounded by the fact that traders are also rejecting the old notes, asking consumers to pay with new notes.

The new naira notes comprising N200, N500 and N1,000 became a legal tender on December 15, 2022 after they were unveiled by President Muhammadu Buhari on Nov. 23, 2022 in Abuja.

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