Despite Acceptance of Old Notes, Crowd Overwhelm Banking Halls The CBN had earlier instructed commercial banks to immediately collect the old naira notes, deposited at the apex bank, promising that before the end of the week, the nation would be awash with more naira notes,...

Old N200, N500, and N1,000 Bank Notes Remain Legal Tender - CBN 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...

Ramadan: Chief Imam Urges CBN to Release More New Notes The Chief Imam of Nurul Yaqeen Jumma’at Mosque Life Camp, Abuja, Sheikh Yahya Al-Yolawi, on Friday called on the Central Bank of Nigeria (CBN) to release more redesigned naira notes as the months of Ramadan...

Bayelsa Residents Protest Over Rejection of Old N500, N1000 Notes Residents of Akenfa community, in Yenagoa Local Government Area of Bayelsa State, on Friday, took to the streets to protest the continued rejection of the old N500 and N1000 notes by traders in the state. The...

Kogi Gov't Orders Arrest of Persons Rejecting Old Notes The Kogi State Government on Friday ordered the arrest and prosecution of individuals and businesses rejecting the old naira notes. A statement by Commissioner for Information, Kingsley Fanwo congratulated Nigerians on the “historic ruling of the Supreme...

Customers Reject Deposit Conditions As Banks Dispense Old Notes More Commercial Banks have begun to dispense old N1,000 and N500 notes to their customers, about three days after a few banks started doing so. Findings revealed that Polaris Bank and First Bank had started to pay...