The Central Bank of Nigeria (CBN) has reaffirmed that all versions of the naira, including the old and new designs of the N1000, N500, and N200 notes, as well as the commemorative and previous designs of the N100 note, remain valid legal tender without any expiration date. In a statement released on Friday, Mrs. Hakama…
The central Bank of Nigeria on Thursday, October 24, debunked reports that the old naira notes of N200, N500 and N1,000 would cease to be a legal tender by December 31, 2024. Recall that there were reports that the apex bank had announced a deadline for the withdrawal of the old notes. However, a statement…
The House of Representatives has asked the Central Bank of Nigeria(CBN) to make available more new notes of N200, N500 and N1,000 as well as begin a gradual withdrawal of the old notes from circulation. The House also asked the CBN to direct commercial banks to issue more new notes to customers and engage in…