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2023-01-23 23:00:56

Nigerian Banks Still Distributing Old Naira Banknotes as Demonetization Date Approaches

Nigerian Banks Still Distributing Old Naira Banknotes as Demonetization Date Approaches

With just a few days left before old Nigerian naira banknotes are removed from circulation, some banks have accused the Central Bank of Nigeria of failing to distribute enough new banknotes. Despite growing pressure for it to extend the period for returning the old notes, the central bank insists the Jan. 31 deadline still stands.

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