The Central Bank of Nigeria, CBN, has directed all its branches to continue to issue and accept all denominations of both old and redesigned Naira notes to and from Deposit Money Banks, DMBs. The Acting Director of the bank, Corporate Communications, Hakama Sidi-Ali, said this in a statement on Wednesday in Abuja. According to Mrs…
Nigeria’s Apex bank, the Central Bank of Nigeria (CBN) has again assured Nigerians that there is enough currency is circulation and warned against panic withdrawals. The Bank in a statement on Wednesday, reiterated that old and new naira notes remained legal tender. “For the avoidance of doubt, while reiterating that there are sufficient banknotes across…
The Central Bank of Nigeria, CBN, has condemned reports of insufficient stock of currency notes in the country. CBN through its Director Corporate Communications, Isa AbdulMumin, noted that there is sufficient stock to facilitate economic activities in the country. He made this known on the CBN Twitter handle X platform. In his words: “The attention…
The Central Bank of Nigeria (CBN) has clarified that the old 200, 500, and 1000 naira notes would continue to be legal tender even after December 31, 2023. Recall that in October 2022, former CBN governor Godwin Emefiele had unveiled plans to redesign the N200, N500, and N1,000 notes, urging citizens to deposit their old…
