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Despite extension of deadline for the circulation of old N1,000, N500 and N200 notes to February 10, bank customers continue to face frustration, as ATMs were largely empty across the country.
The few that had the new naira notes had very long queues, with customers standing for many hours to take their turns. Even after queuing, some returned home empty-handed as available cash in ATMs was exhausted.
This is as traders in many markets at the nation’s commercial capital of Lagos have refused to accept old naira notes from customers for fear of recording losses in their operations.