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The Central Bank of Nigeria (CBN) has declared that the old Naira Notes of N200, N500 and N1000 have ceased to be legal tender in Nigeria since the 10th of February, 2023.
The CBN has declared that the old Naira Notes have ceased to be legal tender in Nigeria since the 10th of February, 2023.
Despite Supreme Court Order, the Central Bank of Nigeria (CBN) has declared that the old Naira Notes of N200, N500 and N1000 have ceased to be legal tender in Nigeria since the 10th of February, 2023.
The Central Bank of Nigeria (CBN) has declared that the old Naira Notes of N200, N500 and N1000 have ceased to be legal tender in Nigeria since the 10th of February, 2023. SaharaReporters had reported that most banks customers were confused on Monday as commercial banks rejected the old Naira notes they wanted to deposit. This is despite a Supreme Court ruling stopping the Central Bank of Nigeria (CBN) from implementing the February 10, 2023 deadline for swapping of old Naira notes for the newly redesigned Naira notes.
The Police and DSS on Thursday held an emergency meeting with the Branch Controller CBN and all Commercial Bank Managers in Kebbi over shortage of the redesigned naira notes in the state.