CBN Clarifies Validity of Old Naira Notes, Dismisses December 31 Deadline   The Central Bank of Nigeria (CBN) has observed the misinformation regarding the validity of the old #1000, #500, and #200 banknotes currently in circulation. In line with the Bank’s previous clarifications and to offer further...

 CBN Won't be Allowed to Print Money - Budget Minister Amidst revenue pressures facing the 2024 national budget, the Federal Government has indicated that it would no longer allow Central Bank of Nigeria, CBN, to print money by Ways and Means to fund the budget...

Supreme Court: CBN Orders Banks to Issue, Accept Old, New Naira Notes   The Central Bank of Nigeria (CBN) has declared that old and new naira notes will continue to co-exist as legal tender until further notice. The apex bank issued this declaration in line with the...

CBN Extends Validity of Old Naira Indefinitely   The Central Bank of Nigeria (CBN) has announced its intention to extend the validity of the old N200, N500, and N1,000 noted indefinitely. This is as the apex bank declared its desire to extend the validity of old naira...

Emefiele Confirmed To Me Old Naira Notes Are Now Acceptable - Soludo   There are strong indications that the federal government has decided to obey the Supreme Court ruling on the continuous use of old naira notes till December 31, 2023. Commercial Banks have been ordered to...

Naira Crunch: Banks In Shock As Rejection Of Old N500, N1000 Spreads   The enthusiasm that greeted the Supreme Court judgement that the old N500 and N1,000 notes should be in use till December 31st 2023, has dissipated as widespread rejection of the old notes by...