'Old Naira Notes Have Ceased to Be Legal Tender' - CBN

UPDATE: CBN Denies Authorizing Banks to Accept Old N500 and N1000 Notes

The Central Bank of Nigeria (CBN) has denied reports that it has ordered commercial banks to start accepting the old N500 and N1000 banknotes. The central Bank in a statement on Friday evening said the report was fake and unauthorized. CBN spokesman, Osita Nwanisobi, said the apex bank strictly stands by the directive of President […]

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