Business
Old naira notes are no longer legal tender — CBN declares
The old N200, N500 and N1000 notes ceased being legal tender since February 10, 2023, the CBN has declared.
This is coming despite the ruling of the Supreme Court in Abuja that banned the apex bank from implementing the February 10 expiration date for the old notes.
Haladu Idris Andaza, CBN’s branch controller in Bauchi, disclosed this to newsmen on Monday, February 13.
According to DailyTrust, he said, “For the avoidance of doubt, we wish to state categorically that CBN is ready and is open to receive all of those old notes based on certain conditions and criteria.
ALSO READ: Buhari, Emefiele meet again ahead of Supreme Court judgment
Customers are free to come to the bank and deposit which they cannot do at the commercial banks anymore because the currency has ceased to be a legal tender since the 10th of this month.
The management of the CBN decided that those customers will have a sigh of relief by coming to the offices of the okCBN in all the 36 states in the federation including FCT to deposit their money.
-
Featured3 days agoNigeria under siege as presidency focuses on 2027 re-election amid worsening insecurity
-
Business4 days agoJetour T2 earns prestigious 5-star NCAP safety rating, intensifies SUV competition in Nigeria
-
Business4 days agoPresidency approves review of Nigerian Communications Act to drive digital economy growth
-
Business4 days agoNCC, industry stakeholders push for major overhaul of Nigeria’s telecommunications policy
-
Aviation2 days agoAviation Crackdown: NCAA suspends services to Air Peace, Ibom Air, nine others
-
Business1 week agoDespite huge investment, Nigeria’s telecom sector struggles to meet soaring data demand
-
Energy6 days agoTank farm owners back Dangote in fuel import dispute, deepening rift
-
Featured7 days agoAPC primaries trigger major shake-up as several incumbent Senators lose return tickets ahead of 2027 elections