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Home»General News»Banks To Begin Payment Of New Notes Over The Counter
General News

Banks To Begin Payment Of New Notes Over The Counter

ACNN NEWS ADMINBy ACNN NEWS ADMINFebruary 2, 2023No Comments1 Min Read
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The Central Bank of Nigeria (CBN) on Thursday ordered commercial banks to begin the payment of the new naira notes to customers over the counter.

This was confirmed in a statement issued and signed by the Bank’s Director, Corporate Communications Osita Nwanisobi.

 

Nwanisobi said the maximum daily payout limit is N20,000 only.

 

“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,” the statement added.

Anglican Communion
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