Sunday, October 19, 2025
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Business

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ICT

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Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

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Business

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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ICT

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Capital Market

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Insurance

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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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.

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