The Central Bank of Nigeria (CBN) has said the old N200, N500 and N1000 notes remain legal tender until December 31, 2023 as ruled by the Supreme Court. This was announced in a statement on Monday by the CBN spokesperson, Isa Abdulmumin.The statement reads: “In compliance with the established tradition of obedience to court orders … Read more
There has surface video, documents where the Central Bank of Nigeria earlier directs the commercial banks to start accepting the old N500 and N1,000 notes from the people. With the directives from the CBN, commercial banks have started issuing notices of acceptance of the old notes to the tune of N500,000 below to their customers. … Read more
The Supreme Court has said its February 8 order barring the Federal Government and its agencies from enforcing the February 10 deadline for the use of old 200, 500 and 1000 naira notes still subsist. The court made the clarification on Wednesday following complaint by lawyer to Kaduna, Kogi and Zamfara states, Abdulhakeem Mustapha (SAN) … Read more
The Central Bank of Nigeria (CBN) has declared that the old naira notes of N200, N500, N1000 are no longer legal tender in the country. The CBN declared that the old notes ceased being legal tender in Nigeria on Friday, February 10, 2023. This was declared by the CBN Branch Controller in Bauchi, Haladu Idris … Read more
