The Central Bank of Nigeria (CBN) has assured that the old N200, N500, and N1,000 naira notes would be phased out gradually while issuing new currencies.
Browsing: Old Naira notes
As the currency crisis bites harder, with Nigerians now rejecting old Naira notes following the Central Bank of Nigeria (CBN’s) February 10 deadline, Zamfara state governor, Bello Muhammad, has ordered the arrest of anyone in the state who rejects the old N200, N500 and N1,000 denominations.
The Peoples Democratic Party (PDP) has advised President Muhammadu Buhari to avoid a repeat of the 1984 experience when Nigerians were made to face undue pressure over monetary policy.
ASHENEWS reports that the Governor of the Central Bank of Nigeria (CBN) has revealed why the January 31, 2023 deadline for the validity of the old N200, N500, and N1,000 notes, cannot be changed.