CBN limits cash withdrawals to N100,000 per week
This development comes shortly after the newly redesigned N200, N500, and N1000 banknotes were launched by President Muhammadu Buhari’s regime.
PICTURES: Redesigned N200, N500 and N1000 notes unveiled
The Central Bank of Nigeria (CBN) had last month announced that the three top notes of the country's currency will be redesigned while the old ones remain legal tender until January 31 next year.
Emefiele: Buhari to unveil redesigned naira notes Wednesday
According to him, the CBN won’t shift its deadline for all old notes to be returned to commercial banks in exchange for newly designed ones.
CBN redesigns naira notes, stops current N100, N200, N500 and N1000 notes as legal...
He said when effective from December 15 this year, Nigerians who are in possession of the old notes should approach their banks for the new notes.
Titan Trust Bank takes over Union Bank
Established in 1917, Union bank has a network of over 280 sales and service centres across Nigeria.