N1000
The Central Bank of Nigeria, CBN, has said the old N200, N500, and N1000 notes remain a legal tender beyond the expiry date of December 31, 2023 that was earlier given. In a statement on Tuesday, the Director of Corporate Communications, Dr Isa Abdulmumin stated that banks will continue to issue and accept […]
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 development in a statement on Monday. “In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law […]
President Muhammadu Buhari has apologized to Nigerians over the new naira redesign policy. The president said it wasn’t introduced to cause hardship, but to boost the economy. Recall that in October 2022, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced the plan to redesign the N200, N500, and N1,000 […]
The First Lady of Nigeria, Aisha Buhari, on Tuesday came under criticism from the public over an alleged statement that the Central Bank of Nigeria is extending the validity of old N200, N500 and N1,000 notes to May 1, 2023. The alleged statement was issued by the Director of Communications, Osita Nwanisobi, stating that […]
The Central Bank of Nigerian has debunked reports of her directing commercial banks to accept N500 and N1000 notes from Nigerians. This was issued in a press release by the apex bank shared on its official Twitter handle on Friday. The statement read: “The attention of the Central Bank of Nigeria has been drawn […]
The presidency says its position on the deadline for old naira notes will be made known today. The governments of Zamfara, Kaduna, and Kogi had asked the supreme court to stop the Central Bank of Nigeria (CBN) from ending the timeframe within which the old N200, N500, and N1000 notes would cease to be […]
The Central Bank of Nigeria (CBN) has declared that the old N200, N500 and N1000 have ceased being legal tender since February 10, 2023. CBN had originally fixed January 31 as deadline for old notes to be in circulation but extended it in response to pressure from Nigerians. However, before the February 10 […]
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