1,854 Views 07/12/23 Business

How Nigerian banks can achieve sufficient currency circulation


Nigerian banks are now accepting and dispensing the old 500- and 1,000-naira notes following a directive by the Central Bank of Nigeria. However, due to the over 2 trillion naira mop up by the apex bank, scarcity of the old notes still persists. Dipo Ajayi, the Head of Fixed Income and FX at Chapel Hill Denham, joins CNBC Africa to explore how banks can ramp up currency circulation.

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1 Comments

guobin

10 days ago
This takes me back to when cash flowed easier; thoughtful breakdown on how banks can restore that normalcy.
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