CBN directs banks to start accepting old notes immediately
In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterised 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.
Signed
Isa AbdulMumin
Acting Director
Corporate Communications
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Sport
Iheanacho, Ndidi secure Premier League promotion with Leicester City
Leicester City have now secured one of the two automatic promotion tickets to the Premier League.
Economy
BDC operators warn against naira speculation, hoarding
He added that ABCON will upgrade technology in its quest to help in the fight against the sabotage of CBN’s reforms.
Economy
Tinubu taps Jim Ovia to lead Nigerian education loan fund
The prominent Nigerian banker was appointed on Friday.
Heading 4
Liverpool agree compensation with Feyenoord to appoint Arne Slot as new manager
Liverpool had initially shown interest in former player and Bayer Leverkusen manager Xabi Alonso.
Agriculture
Taraba govt. set to distribute first set of tractors to farmers
“We have so far received 20 Cabrio and 250 mini high powered tractors that would be distributed to our farmers on May 28.”
NationWide
Jonathan mourns Ayogu Eze
The former president commiserated with the Eze family, his political and professional colleagues in the media.
