As the new naira notes went into circulation on Thursday, Nigerian banks are struggling to provide it in abundance as demands overshoot supply in banking halls.
Ripples Nigeria had reported that the Central Bank of Nigeria (CBN) directed banks to start releasing the newly redesigned naira notes on December 15, 2022, to commence the phase out of the old currency.
The central bank had redesigned the N200, N500 and N1000 notes, which will replace the old naira notes expected to be phased out by January 31, 2022.
