Banks discontinue payment of old naira notes across the counter

Nigeria’s deposit money banks (DMBs) have been directed to discontinue the payment of old N1,000, N500, and N200 notes across-the-counter.

With this directive effective today Monday January 30, both the new and old N1000, N500 and N200 are not to be paid across the counter, according to sources close the directive at the Bankers Committee meeting.

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