Stampede as Nigerians tackle CBN deadline on cash swap

Stampede as Nigerians tackle CBN deadline on cash swap

THE GUARDIAN

• Gbajabiamila threatens Emefiele with arrest over non-appearance
• We’re bound by CBN’s guidelines, banks tell Reps
• NLC charges CBN to extend deadline
• Don approaches court to restrain CBN, Emefiele on deadline
• CBN unfazed, unveils Domestic Cash Scheme
• Buhari’s visit hampers business activities, naira swap in Katsina
• Bank workers counts bulk cash manually as machines breakdown
• Scarcity of new notes threatens POS operators
• Act now, Nigerians facing hardships over fuel scarcity, new notes, Gana tells FG
• Emefiele not bigger than National Assembly, says MBF spokesman

Nigerians, from all parts of the country, will enter this weekend agitated and confused over the currency redesign policy of the Central Bank of Nigeria (CBN).
While banks remain open to receive old notes till Tuesday, January 31, scarcity of new naira notes and rejection of the old notes, beginning from today, by retailers and many sales outlets, is driving the citizenry into panic mode as the deadline stares them in the face while still having large amounts of the old N1,000, N500 and N200 notes.

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