The Central Bank of Nigeria (CBN) confirmed that old N200, N500, and N1000 notes remain valid following a Supreme Court ruling. The notes will continue to circulate indefinitely with no deadline for use, despite claims otherwise. Nigerians are encouraged to accept all Naira notes and embrace...
The Central Bank of Nigeria has confirmed there is no deadline for using old naira notes, dismissing rumors of a December 31, 2024 cutoff. Both old and redesigned naira bills remain legal tender indefinitely, in line with a Supreme Court ruling, and the CBN encourages digital payment...
The Supreme Court ordered the continued coexistence of both old and new Naira notes—specifically the N200, N500, and N1000 denominations—until further notice. The apex court's seven-man panel, led by Justice Inyang Okoro, issued the ruling in response to a Federal Government application seeking...
In response to reports of cash shortages in some major cities across Nigeria, the Central Bank of Nigeria (CBN) has taken a resolute stance to ensure that old and redesigned naira notes continue to be recognized as legal tender nationwide. The CBN reaffirms that every banknote it has issued...
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