The Central Bank of Nigeria (CBN) moved last night to end the biting cash scarcity. It plans to flood the banks with more old N1000 and N500 notes.

Reliable sources in the apex bank told The Nation that headquarters of commercial banks had been contacted to collect the old notes they returned to the Central Bank for recirculation.

“Banks have been instructed to collect the old naira notes they deposited in the CBN. Before the end of the week, the country would be awash with naira notes,” the source said.

It was learnt that the old naira notes may be returned to branches of the banks today.

The CBN decision came on a day the Nigerian Labour Congress (Congress) directed its affiliate members to picket states branches of the apex beginning from next week.

The organised Labour also directed workers to sit-at-home to protest cash crisis.

Source: https://thenationonlineng.net/cbn-to-flood-banks-with-old-naira-notes/

Let's See before we believe

Nigeria has been a joke in the last three months

NLC declared strike sha

Dominique, FOD please move this to FP

Now that NLC woke up and decided to picket CBN.
We have gone through the worst within the past five months.
God definitely loves us.
Let's pray it ends well

I thought they said they burnt the old #1000 already, so CBN bin dey whine

yinkus6750:
Now that NLC woke up and decided to picket CBN.
We have gone through the worst within the past five months.
God definitely loves us.
Let's pray it ends well

When the elephant has its tail on the mouse and you say you are neutral, the mouse will not appreciate your neutrality. It becomes complicity if you have been vested with the powers to speak for the mouse.

The NLC under the leadership of Comr. Joe Ajaero has been provocatively docile and inexplicably mute.

He is too inclined to worthless and structured negotiations, very weak and indecisive -- all to the consternation of fellow comrades.

Newdawn30:
I thought they said they burnt the old #1000 already, so CBN bin dey whine

The process of thrashing old or mutilated naira notes takes months. They were lying.