Old naira notes not expiring in December …C0NTINUE READING HERE >>>
The Central Bank of Nigeria (CBN) has dismissed reports that the old N200, N500, and N1,000 banknotes will cease to be legal tender by December 31, 2024.
The Apex Bank in a statement by Mrs. Sidi Ali, the Acting Director of Corporate Communications, the CBN refuted these claims, stating they are false and intended to disrupt the country’s payment system.
Ali emphasized that the Supreme Court ruling on November 29, 2023, allowing the old banknotes to remain in circulation indefinitely remains valid.
The CBN also reiterated its directive to its branches to continue accepting and…
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