Old Naira Notes News Today

The Central Bank of Nigeria (CBN) has announced that the old ₦200, ₦500, and ₦1,000 banknotes will continue to be legal tender indefinitely even beyond the initial Sunday,December 31, deadline.

The Central Bank of Nigeria (CBN) on Tuesday announced that the Old Naira Notes will continue to used as Legal Tender indefinitely. The Apex Bank which disclosed this in a statement by the Director of Corporate Communications, Dr Isa AbdulMumin, recalled that it introduced the redesign of N200, N500 and N1,000 denominations in October 2022.

Financial stability remains a global issue, and It remains to be seen how the ongoing competition for financial supremacy among the world's top countries will unfold.

Gov. Ademola Adeleke of Osun, has warned commercial banks in the state to stop issuing old naira notes to customers, if they will not accept it back as deposits.

Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday, directed residents of the State to go ahead and have transactions with the old Naira notes, saying Lagosians should feel free to use the old notes for commercial purposes.

Anxiety is building up as commercial banks in Kano are refusing to attend to customers with the old naira notes. Our correspondent gathered that the banks are not issuing the new naira notes to customers in return. The Guardian observed that some branches of financial institutions in the city have already shut down operations against […]

Many business operators in the Federal Capital Territory (FCT), have started rejecting the old Naira notes in spite of Supreme Court order temporarily halting the ban on their use.

Citizen Muda wiped his brow. He could testify that the Central Bank had demonstrated incompetence in the logistics of the currency change.

Citizen Muda wiped his brow. He could testify that the Central Bank had demonstrated incompetence in the logistics of the currency change.

Residents of some communities and markets in the Illela Local Government Area of Sokoto State have begun to abandon the Nigerian currency for CFA franc because of the shortage of New Naira Notes, SaharaReporters has gathered. Investigations showed that Illela, a border town with Niger Republic and of about 105 kilometres from Sokoto, capital city of Sokoto State, now has most of its traders and residents trading, selling and buying in CFA franc.