Thursday, May 21, 2026
26.9 C
Lagos

New Naira Notes: Customers Groan as Banks Shut Down ATMs!

Godwin Emefiele

Governor

Central Bank of Nigeria

Bank customers are complaining bitterly as ATMs run dry, resulting in inability to source the new naira notes from bank ATMs as the January 31, 2023 deadline by the Central Bank of Nigeria (CBN) on old Naira notes loom.

Checks by Business Journal today around Ikotun area of Lagos revealed that virtually all the banks restricted their customers from accessing their ATMS to access the new Naira notes.

Secondly, customers that tried to withdraw from inside the banking hall were also given old Naira notes, resulting in many of them expressing shock and anger at the development.

An insider staff in one of the second-generation banks confided in Business Journal that the banks had no choice but to shut down their ATMs because they lack the new notes to load into the ATMs for customers to access as before.

To get the response of the CBN on the situation, Business Journal made several calls to Corporate Communications personnel at the CBN in Abuja without getting through.

spot_img
spot_img
spot_img

Hot this week

Nnamdi Azikiwe University Students Clinch ₦5m Top Prize at Heirs Insurance Hackathon Competition

Winners of the 2026 Heirs Insurance Hackathon from Nnamdi...

Leadway Assurance Claims Payout of N137bn in 2025 Reinforces Market Leadership, Customer Trust

Against the backdrop of a challenging yet progressively stabilising...

AIICO Deepens Commitment to Education, Capacity Development with Upgrade of CIFM Learning Hall

AIICO Insurance Plc, one of Nigeria’s leading insurance and...

Repton GMD Underlines Diligence, Determination in Goal Realisation

L-R: Otunba Odeyeyiwa Kazeem Olayemi, GMD/CEO Repton Group, Keynote...

CIG Motors: Pay ₦3m For a Brand New Car in May Splash Promo on Electric, Petrol Vehicles

New campaign introduces EasyPay auto-financing, major discounts and nationwide...

Topics

NCC Chief, Umar Danbatta, to Chair Business Journal 15th Anniversary Lecture Oct 27

Professor Umar Danbatta, Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC)...

Equities Market Records 1st Positive Performance in H2:2018… NSE ASI up 0.7%

The domestic bourse halted a three consecutive day bearish...

Burundi, Liberia, Uganda Win 1st Africa Innovation Challenge

Johnson & Johnson has named the winners of the...

Coronavirus: 290m Students Stuck at Home in 13 Countries

School closures in 13 countries linked to the COVID-19...

AMCON, Customs, FMOF on Buhari’s 1st Term Record

R-L: Dr. Eberechukwu Uneze, Executive Director, Asset Management Corporation...

Adeosun:‘Commitment to Accountability, Transparency Non-Negotiable’

The Minister of Finance, Mrs. Kemi Adeosun has challenged...

Ecobank Wins CBN/NIBSS Award for Data Integrity

Left: Deputy Governor,  Financial Systems Stability, CBN,  Mrs. Aishah...

CIG Motors: Pay ₦3m For a Brand New Car in May Splash Promo on Electric, Petrol Vehicles

New campaign introduces EasyPay auto-financing, major discounts and nationwide...
spot_img

Related Articles

Popular Categories

spot_imgspot_img