New Naira Notes

The Central Bank of Nigeria (CBN) has extended the validity of the old N200, N500 and N1,000 notes indefinitely. This was contained in a statement issued and signed by Isa AbdulMumin, director, corporate communications, on Tuesday.…
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The Central Bank of Nigeria has instructed all its branches nationwide to continue issuing various denominations of both old and redesigned banknotes in ample quantities to deposit money banks. The apex bank disclosed this in a statement…
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Following Directive from the Central Bank Of Nigeria for Commercial banks to open for operation on during weekends, large crowd of customers thronged to the banking hall to get money across the counter. A visit to some of the banks in…
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Following total compliance by the Central Bank of Nigeria (CBN) with the Supreme Court order of 3rd March this year on the Naira redesign policy, Olubadan of Ibadanland, Oba Sen. Lekan Balogun on Tuesday commended the Federal Government for…
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Commercial institutions are now required by the Central Bank of Nigeria to accept and distribute old naira notes as legal tender everywhere in the nation. According to a statement made on Monday by the interim director of CBN Corporate…
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State governments, which sued the Federal Government on the naira redesign policy, have given the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, and the Central Bank of Nigeria Governor, Godwin Emefiele,…
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Customers of a commercial bank in Ibadan on Monday rejected the old 500 and 1000 old Naira Notes paid to them over the counter by officials of the banks for the fear of the old notes not being accepted as a legal tender. A staff of the…
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The Supreme Court on Friday ordered that old N200, N500, N1,000 notes remain in circulation till December 31, 2023. The apex court also nullified the Federal Government’s naira redesign policy, declaring it as an affront to the 1999…
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The Supreme Court, on Wednesday, fixed March 3 to deliver its judgement on the consolidated suit that states filed to set aside the decision of the Federal Government to ban the use of old N200, N500 and N1000 banknotes as valid legal…
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The Central Bank of Nigeria (CBN) has denied reports making the rounds that it has authorized deposit money banks to collect the old N500 and N1,000 banknotes. This was contained in a statement issued by Osita Nwanisobi, CBN’s Director…
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