Naira Redesign: Banks Fail To Dispense Cash In Halls, ATM Terminals

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Naira is now on sale, no thanks to the scarcity of both old and new notes in bank halls and their Automatic Teller Machine (ATM) terminals.

In many cities, Point of Sale (PoS) operators, bureau de change agents and emergency currency hawkers sold old and new notes to desperate Nigerians in need of cash yesterday.

Many ATM terminals in Lagos and Abuja, for instance, were empty, while the few that dispensed old and new notes had crowds waiting to make withdrawals, some of which resulted in fisticuffs in the struggle to secure positions in queues.

The situation at the banking halls was nearly the same.