
How to Deposit Your Old Naira Notes — CBN The Central Bank of Nigeria (CBN) has issued guidelines for depositing old versions of the redesigned naira notes at its branches across the country. The apex bank announced on Tuesday that the exercise will take place between February 15 and 17. In its announcement, the CBN
READ MORE
Old Naira Notes no Longer Legal Tender — CBN By Alabidun Shuaib AbdulRahman The Central Bank of Nigeria (CBN) announced that the old N200, N500, and N1000 notes are no longer legal tender since February 10, 2023. The CBN had originally set a deadline of January 31, but extended it after pressure from Nigerians. However,
READ MORE
New Naira: Four Things to Know About Supreme Court Judgement The Supreme Court on Wednesday suspended the February 10 deadline for the swap of old naira notes with new ones given by the Central Bank of Nigeria. The CBN had moved the deadline earlier set for the expiration of the legal tender status of the
READ MORE
Amidst Scarcity, CBN Orders Over-the-counter Payment of New Naira Notes The Central Bank of Nigeria has directed commercial banks to begin the payment of the new naira notes to customers over the counter. A statement by the Bank’s Director, Corporate Communications, Osita Nwanisobi said it is part of moves to ameliorate the plight of Nigerians
READ MORE
Banks Will Collect Old Naira Notes After Deadline — Emefiele The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has announced that banks will continue to accept old Naira notes after the deadline for swapping with new currency notes. He made the disclosure in Abuja on Tuesday when he appeared before the House of Representatives
READ MORE
BREAKING: CBN Bows to Pressure, Extends Old Notes Deadline The Central Bank of Nigeria (CBN) has extended the deadline for the use of old naira notes in Nigeria by 10 days. The Governor of CBN, Godwin Emefiele, announced the extension on Sunday morning, stating that he had received approval from President Muhammadu Buhari. The new
READ MORE