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Tag: Saturday/Sunday Banking

People gather outside a bank in the hope of changing old Nigerian Naira banknotes in Lagos on February 17, 2023. – Nigeria has been struggling with a shortage of hard cash since the Central Bank of Nigeria (CBN) began to swap old bills of the local Naira currency for new, re-designed ones, leading to a shortfall in banknotes.The cash scarcity has triggered protests in major cities as angry customers attacked banks and barricaded roads in unrest just days before Nigeria holds a February 25, 2023 presidential election.Nigerian President Muhammadu Buhari in a February 16, 2023 broadcast sought to ease the scarcity by allowing old 200 naira bills to circulate until April 10. Old 500 and 1,000 notes were no longer legal tender. (Photo by Michele Spatari / AFP) (Photo by MICHELE SPATARI/AFP via Getty Images)

Nigeria: CBN orders banks to open Saturday, Sunday to ease naira scarcity

People gather outside a bank in the hope of changing old Nigerian Naira banknotes in Lagos on February 17, 2023. ...

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