Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023.
Gatekeepers News reports that CBN spokesperson, Isa Abdulmumin announced the development in a statement on Monday.
The statement read, “In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court ruling of March 3, 2023.
“Accordingly, the CBN met with the Bankers’ Committee and has directed that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till December 31, 2023.
“Consequently, all concerned are directed to conform accordingly.”
This is a developing story.
Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja 11, has inaugurated Ife Development Board (IDB) and…
Newspaper Headlines: Five Things You Need To Know This Morning Dollar To Naira Exchange Rate…
Recruitment, apply for Coca-Cola HBC (Coca-Cola Hellenic Bottling Company) recruitment 2024 below. Gatekeepers News reports that Coca-Cola HBC…
Recruitment, apply for Optimus Bank recruitment 2024 below. Gatekeepers News reports that Optimus Bank is a digital banking…
Recruitment, apply for Oando Plc recruitment 2024 below. Gatekeepers News reports that Oando Plc is one of…
Seriake Dickson, Chairman of the Senate Committee on Ecology and Climate Change, has revealed that…