Despite the assurances by the apex bank last week on the continued use of both the old and new naira notes for transactions, the cash scarcity in Lagos metropolis became more pronounced yesterday as customers were limited to N10,000 over the counter cash withdrawals whilst some banks were totally out of cash.
Based on the cashless policy of the Central Bank of Nigeria, individual customers can make withdrawal of a maximum of N500,000 per week with a limit of N100,000 in a day, while corporates were limited to N5 million weekly cash withdrawals.
