Reliable sources at the Central Bank of Nigeria (CBN) says the apex bank will flood the banking system with more old Naira notes within the week to ease the ongoing cash crunch in the country.
The sources re-emphasised that banks have been instructed by the CBN to collect the old Naira notes till December 31, 2023 in accordance with the existing judgment of the Supreme Court of Nigeria.
The CBN therefore enjoined Nigerians not to panic as more Naira notes would be available in banks in a matter of days.
