CBN begins distribution of new naira notes to banks

Central Bank of Nigeria Governor, Mr. Godwin Emefiele, has said the apex bank will consider tweaking the new weekly cash withdrawal limits of one hundred and five hundred naira for individuals and corporate Organizations.

Mr. Emefiele, who addressed State House correspondents after meeting behind closed-doors with President Muhammadu Buhari in Daura, Katsina State, assured that it will not be rigid on the policy as it was meant to strengthen the economy.

He also hinted that over one trillion naira worth of old notes have been deposited by customers, adding that  the CBN  has distributed the new  notes to banks for  disbursement, ahead of next Thursday, earlier scheduled  for the circulation.