During the administration of ex-CBN governor, Godwin Emefiele’s Naira redesign policy, the Supreme Court had ruled that the old Naira notes can co-exist with the new notes.
It reached last night to rumours making the rounds that the old notes would crime to ... all versions of the ₦1000, ₦500, and ₦200 denominations of the Naira indefinitely.
Sixteen Nigerian states had challenged the redesign of the 200, 500, and 1,000 naira notes, saying that the deadline was too tight. The central bank said that the redesign would help bring down ...
The incident happened at a time when there was a severe scarcity of naira cash following the controversial withdrawal of old 200, 500 and1,000 notes from circulation. Last November, the country's ...
The Central Bank of Nigeria (CBN) says all denominations of Naira banknotes currently in circulation ... regarding the validity of the old notes. “In line with the bank’s previous ...