CBN: New Naira Notes Will Get To Nigerians Soon

CBN: New Naira Notes Will Get To Nigerians Soon

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The Central Bank of Nigeria (CBN) has reassured Nigerians of the availability of the newly-designed naira notes.

While there has been an outcry over the shortage of the new notes, the apex bank says it is working with stakeholders to address the challenge.

“CBN is committed to ensuring that the new Naira notes reach the hands of Nigerians as soon as possible,” the bank tweeted Thursday morning.

“In collaboration with EFCC and ICPC, CBN has been carrying out Banks’ Branch Spot-Checks on ATMs.”


Since the bank introduced the policy and set a deadline for the swapping of the new notes, the move has continued to generate reactions from Nigerians. This is due to the shortage of new notes.

One such person is Alexander Okwori who has spent the last two waiting at a cash dispenser. Like everyone else, he is trying to get his hands on new bank notes unveiled last October to replace the old naira, with a January 31 deadline to make the swap.

But days before the deadline, only a few banks were distributing the new notes, leaving many Nigerians, who are without bank accounts, without access to cash.

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