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JUST-IN: CBN reveals measures to end scarcity of new naira notes

The Governor of the Central Bank of Nigeria (CBN) , Godwin Emefiele, has said that the apex bank acknowledges the pains Nigerians are facing in accessing the new naira notes and are working on closing the gaps observed in the circulation process.

Emefiele stated in a ongoing special briefing at the CBN office in Lagos.
According to the CBN governor, the apex bank will extend cash swap to microfinance banks and engage 30,000 super agents in the hinterlands as part of new measures to accelerate the circulation of new naira notes.

He stated that the CBN is discussing with banks to make alternative Channels easily accessible.
Emefiele also said that the CBN is not considering extending the deadline for swapping the old naira notes with the newly redesigned ones.

More details to follow……

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