Nigeria delays plans to replace its banknotes after chaotic scenes at ATMs | CNN Business

The country’s old notes were supposed to cease to be legal tender starting February 11 but the country’s Supreme Court suspended that deadline because banks were unable to disburse enough of the new naira. Nigerians have been spending hours in long lines at cashpoints since late last month after rushing to deposit the old banknotes ahead of an initial deadline of January 31. But they haven’t been able to withdraw enough of the new versions to meet their daily expenses.

At a neighboring bank, customers were instructed by staff to withdraw no more than 10,000 naira per person from its ATM. Customers from other banks were directed to withdraw only 1,000 naira from the cash machine. In one Lagos supermarket, cash from the machine was restricted to just 1,000 naira despite the lengthy wait times. “What can we do with 1,000 naira!,This government doesn’t care about us,” security guard Joel Johnson told CNN.

This country is going down completely

To get money to eat becomes issue.. Those who still has the old note or does POS job are charging us $20 per $100 We are doomed in this country

elonmusk TikTokTurkey People trapped under the rubble due to the earthquake were contacting Twitter and TikTok for help. Twitter and tik tok were closed because of you. They closed it because you didn't pay your fine. People are dying because of your laziness.TurkeyEarthquake

Then the inability to stand on their plan or deadline will pave a way for vote buying and other electoral bribery.. I'm disappointed at them.

Wahala wahala wahala ⛽ 💰. Vote Peter Obi and Datti

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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