CBN calls banks to come collect deposited old notes, as NLC renews threat

The Central Bank of Nigeria (CBN) has concluded plans to start disbursing the old Naira notes to Deposit Money Banks (DMBs) after the Nigerian Labour Congress (NLC) set a date to shutdown offices of the financial regulator.

Ripples Nigeria reported on Wednesday that the NLC President, Joe Ajaero, said the congress would picket the Central Bank of Nigeria (CBN) branches nationwide.

Last week, NLC gave a seven-day ultimatum to the Federal Government and the central bank to end the petrol and cash scarcity in the country.