Scarcity of new Naira notes hits Abuja

Some residents of Abuja and its environs have decried the scarcity of the new naira notes.

The Central Bank of Nigeria (CBN) restored the old 200, 500 and 1000 naira notes to remain as legal tender until 31 December.
A correspondent of the News Agency of Nigeria (NAN) who monitored the availability of the new notes reports that residents are lamenting over the scarcity of the new notes.

Moses Nnegedu, a resident of Nyanya, said if CBN was serious to accomplish its goal of the circulation of the new naira notes before the deadline, it would monitor the commercial banks.