A survey by The PUNCH, on Wednesday, confirmed scarcity in some parts of Abuja, Lagos, Kano, Kwara, Gombe, Edo, Sokoto, and Ekiti States. It noted that there have also been concerns among some members of the public over the legality of old naira notes. Naira scarcity resurfaces in LagosHowever, cash scarcity, a major downside of the CBN’s naira redesign policy, has begun to resurface. Bank customers of Union Bank were, however, able to get up to N20,000 at the ATM and inside the bank. We are unaware of scarcity — Bank customers associationAccording to the President of the Bank Customers Association of Nigeria, Dr Uju Ogunbunka, members have reported any such issues with cash withdrawals.

Source: Punch November 23, 2023 18:34 UTC