The Central Bank of Nigeria has directed commercial banks to pay Nigerians withdrawing cash over-the-counter with new naira notes.
CBN gave the directives in a circular published on Thursday on its website and signed by Osita Nwanisobi, Director, Corporate Communications
Part of the circular reads: “In line with this resolve, the Governor, Mr. Godwin Emefiele, has directed deposit money banks (DMBs) to commence the payment of the redesigned Naira notes over the counter, subject to a maximum daily payout limit of N20,000.
