Tuesday, February 7, 2023

New Naira Notes & ATM Challenges in Nigeria: Navigating the Cash Crisis.

 

Bank customers waiting outside an ATM to collect cash.


NIGERIA CURRENCY

Banking Sector In Nigeria Needs Infrastructure Upgrade To Keep Pace With The Changing Times.

Nigeria, like many other countries, is constantly evolving and updating its currency. Recently, the Central Bank of Nigeria introduced new Naira notes, aimed at reducing the circulation of fake currency and improving the overall appearance of the currency. However, the increased presence of these new notes has also highlighted some challenges faced by the country's banking system, particularly with regard to Automated Teller Machines (ATMs).


While the Central Bank of Nigeria and the banking sector are working to resolve these issues, it is important for consumers to be proactive and plan ahead. Here are a few tips to help you navigate the current cash crisis.


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