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Naira Swap: CBN Engages Microfinance Banks, PoS Operators In Zamfara LGAs

To boost availability of the new naira notes, the Central Bank of Nigeria (CBN) says it has engaged the microfinance banks and point-of-sale (PoS) operators to swap the old currency across troubled communities in Zamfara State.

The areas are located in the Zurmi, Shinkafi, Birnin Magaji and Maru local government areas (LGAs).

The CBN Branch Controller, Abbas Buhari, who spoke to journalists in Gusau, the state capital, on Wednesday, insisted on a maximum of N10,000 to be swapped per individual.

“We at the CBN have made arrangements to ensure the availability of the new currency notes in Zamfara rural areas, especially those bedevilled by insecurity,” the Branch Controller said

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