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The Central Bank of Nigeria (CBN) has urged Nigerians to continue to accept and issue the old and new Naira notes. It noted that all banknotes remain legal tender. The apex bank’s advice comes as Nigerians continue to mop up and hoard new notes ahead of the December 31st deadline fixed during the previous administration […]
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The Central Bank of Nigeria (CBN) on Tuesday, reiterated that plans are still in place to gradually phase out the old N200, N500, and N1,000 naira notes. The reconfirmation was given by the Acting Governor of the apex bank, Folashodun Shonubi after a monetary policy committee meeting at the CBN headquarters in Abuja. Back in […]
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Nigerians have begone to feel some respite as more banks now disburse the old naira notes across the counter. This comes after the horror that greeted the Naira swap where the new notes were largely not available in spite of promises by the Central Bank of Nigeria (CBN). A visit to some banks on Wednesday […]
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Following the recent Supreme Court judgment, which extends the validity of the old Naira Notes, to December, some deposit money banks have started paying out the old notes. Some commercial banks in Kano and Abuja were observed to be paying out the old N500 and N1000 notes. While some branches of Guarantee Trust Bank (GTB) […]
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