Want to put texts adverts here? Contact Us Click here!

Breaking: N200, N500 and N1000 Naira Notes Remain Legal Tender Till December 31, 2023 - CBN

The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023.

Isa Abdulmumin, the CBN spokesperson, announced the recent development in a statement on Monday.

Breaking: N200, N500 and N1000 Naira Notes Remain Legal Tender Till December 31, 2023 - CBN


Also, CBN said that the old notes shall coexist with the new notes till the December deadline.

Breaking: N200, N500 and N1000 Naira Notes Remain Legal Tender Till December 31, 2023 - CBN
Update from the CBN on Naira Notes

The statement reads: "In  compliance with the established tradition of obebience to court orders and sustenance of the Rule of law Principle that characterized the Government of President Mohammadu Buhari and by extension the operation of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court Judgement of March 3, 2023.

"Accordingly, the CBN met with the Bankers' Committee and has directed that the old banknotes remain legal tender alongside the redesigned Banknotes till December 31, 2023.

"Consequently, all concerned are directed to confirm accordingly"

Related article: How Nigerian Banks and inexperienced tech personnel contributed the harsh Economy under cashless policy of CBN

إرسال تعليق

Cookie Consent
We serve cookies on this site to analyze traffic, remember your preferences, and optimize your experience.
Oops!
It seems there is something wrong with your internet connection. Please connect to the internet and start browsing again.
AdBlock Detected!
We have detected that you are using adblocking plugin in your browser.
The revenue we earn by the advertisements is used to manage this website, we request you to whitelist our website in your adblocking plugin.
Site is Blocked
Sorry! This site is not available in your country.