New Naira Notes: CBN Pegs Daily Withdrawal Across Counter At N20,000

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The Central Bank of Nigeria (CBN) yesterday directed banks to commence immediate over-the-counter cash payments to their customers.

But it pegged the daily amount at N20,000.

It is to reduce queues at Automated Teller Machines (ATMs) terminals across the country.

Also yesterday, the Federal Government implored Nigerians to see the current scarcity of the naira as a temporary sacrifice for a saner national economy.

Just as the directive and admonition emerged from Abuja, Kaduna State Governor Nasiru El-Rufai, revealed that All Progressives Congress (APC) governors would meet today with President Muhammadu Buhari to discuss the naira redesign policy.

He said the governors would plead for an extension of the deadline for the swap of old notes to new ones beyond February 10.