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Old Naira Notes: Banks Paying Maximum N5,000 To Customers In Rivers

Anayo Onukwugha by Anayo Onukwugha
4 years ago
in Business
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Commercial banks in Port Harcourt, the Rivers State capital, have started paying out the old Naira notes to their customers in line with the directive of the Central Bank of Nigeria (CBN).

 

LEADERSHIP, however, observed that majority of the banks were paying a maximum of N5,000 of the old naira notes to their customers, irrespective of the amount they needed.

 

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Meanwhile, commercial bus drivers plying most major routes in Port Harcourt city have started accepting the old naira notes from commuters.

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Anayo Onukwugha

Anayo Onukwugha

Anayo Onukwugha is a multiple award‑winning journalist with more than 20 years of experience. A former assistant secretary and acting secretary of the Rivers State Council of the Nigeria Union of Journalists, he now works with LEADERSHIP Newspaper. His articles address issues relating to the oil‑rich Niger Delta region, Nigeria and broader global topics. He shares his reporting journey on X at @aonukwugha.

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