
CBN Approves Recirculation of Old Naira Notes The Central Bank of Nigeria, CBN, has approved the recirculation of old naira notes to customers via automated teller machines (ATMs) and over-the-counter by commercial banks. The decision is in compliance with the directive of the supreme court, which extended the validity period of the old notes until
READ MORE
BREAKING: Supreme Court Orders Both Old, New Naira Notes to Circulate Till Dec 31 In a landmark ruling on Friday, the Supreme Court has directed the Central Bank of Nigeria to allow the old and new naira notes to circulate side by side until December 31, 2023. The court declared null and void all directives
READ MORE
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
BREAKING: Supreme Court Adjourns Suit on Old Naira Notes The Supreme Court of Nigeria has adjourned the hearing of the suit filed by governors challenging the naira redesign policy of the Central Bank of Nigeria (CBN) to Wednesday, February 22. The CBN had initially set January 31 as the deadline for old notes to be
READ MORE
Despite Supreme Court Order, Nigerians Reject Old Naira Notes Despite a temporary suspension of the ban on old Naira notes ordered by the Supreme Court, many business operators in the Federal Capital Territory (FCT) have started rejecting them. The Central Bank of Nigeria (CBN) had initially announced a deadline of January 31st for the use
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