• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, June 6, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

New naira notes: Rush as long queues of customers flood banks

Naira

The Matters Press by The Matters Press
January 28, 2023
Reading Time: 2 mins read
0
New naira notes: Rush as long queues of customers flood banks

Long queues of bank customers have thronged Automated Teller Machines (ATMs) of banks at the Federal Capital Territory (FCT) to collect the new naira notes.

RELATED POSTS

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

The banks in Abuja on Friday had many customers on queues collecting the new notes from the machines.

CBN had given Jan. 31 as the deadline for the use of the old N1,000, N500 and N200 naira notes.

At Access Bank Plc located at the Central Business District, few customers were seen at the banking hall depositing old naira notes while the ATM spot was filled with customers withdrawing the new notes.

Mr Benjamin Imashi, a customer, said that although there were long queues in banks, citizens should endure to enable the government achieve their good aim.

On the extension of the deadline for the usage of the old notes, he said “we do not want any extension’’.

“The timeline for the old notes is only three days from now. We do not have to bother about that because we are suffering fuel crisis, inflation and they do not have timeline but this one has a timeline.

“We know that after Jan. 31, we will have all the currencies we need.

“We have to support the CBN and Mr President because without this, the people who have hoarded money for election and other purposes will still bring the monies into circulation and that is what the CBN is fighting against.

“We have to make sacrifices so that we can get what we want. We do not want CBN to extend the deadline.

“If you extend it, you are giving room for the money hoarders to bring the monies back into circulation and the intention of the government would have been defeated,’’ he said.

Mr Abdul Ishaka, a customer at Access Bank, said the bank’s ATM dispensed N20, 000 of the new notes to him.

Isaka who said he moved from one bank ATM to the other in search of the new notes, urged other banks to join in making the collection easier for customers.

Another customer at Access Bank, Mrs Helen Takun, said the queues were frustrating and discouraging.

“The CBN and banks should make the new notes available for the people.

“Why must people go through stress at every policy they want to implement? People are willing to utilise the new money but it should be made available with ease,’’ she said.

Mrs Angela Akatu, a customer at First Bank Plc, Central Business District, said she had stood on the queue for about an hour without collecting the notes.

She appealed to the CBN to disburse enough notes to the banks to reduce the stress faced by the masses.

A bank official, who preferred anonymity, said they were short of the new notes, adding that the bank was dispensing according to what they received from the CBN.

Tags: Banks
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

June 6, 2025
Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
Next Post
SON alerts on second hand gas cylinders

Price of cooking gas increases by 27%

SMEDAN to disburse N5.2m start-up grants to cooperatives

SMEDAN recommits to support entrepreneurship development

Recommended Stories

Osinbajo for Africa Investment Forum

Osinbajo for Africa Investment Forum

November 7, 2018
Customs fails to meet revenue target of N3trn, Why?

Customs fails to meet revenue target of N3trn, Why?

February 3, 2023
Huawei commits to complement Nigeria’s effort in ICT development

2000 youths jostle for 280 IT vacancies at Huawei’s job fair

August 4, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s 3MTT gets boost as EU, World Bank back initiative
  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us