The Central Bank of Nigeria has denied plans to declare old naira notes illegal ... the concurrent circulation of all versions of the ₦1000, ₦500, and ₦200 denominations of the Naira ...
Sidi Ali Hakama, the Acting Director of Corporate Communications. Hakama reassured Nigerians that the old and new designs of the ₦1,000, ₦500, and ₦200 notes, as well as other denominations, remain ...
Now that those currency notes are nothing more than pieces of paper, people having stacks of 'old Rs 500 and Rs 1000 notes' are disposing of those in the garbage. Recently, a video has surfaced on the ...
During the administration of ex-CBN governor, Godwin Emefiele’s Naira redesign policy, the Supreme Court had ruled that the old Naira notes can co-exist with the new notes.
This clarification by the CBN aims to quell confusion and ensure smooth economic activities amid the concurrent circulation of old and redesigned naira bank notes.
The CBN stressed that all versions of the naira, old and redesigned N1000, N500, and N200 notes, as well as commemorative and previous designs of the N100 note, remain valid for transactions.
The Central Bank of Nigeria (CBN) has reassured the public that both the old and redesigned naira notes will continue to serve as legal tender without any deadline ... permits the concurrent ...
Mrs. Hakama Sidi Ali, said the reaffirmation of the validity of the old banknotes became necessary following the bank’s observation of the misinformation regarding the validity of the old N1000 ...