November 23, 2024
No deadline on circulation of old naira notes, says CBN
Business News

No deadline on circulation of old naira notes, says CBN

No deadline on circulation of old naira notes says CBN
A collage of some Nigerian old Naira notes

The Central Bank of Nigeria, CBN, says Nigerians should disregard claims that the old naira notes will cease to be legal tender on December 31, 2024.

In a statement on X on Thursday, Sidi Ali, Hakama, acting director, corporate communications, said the old series of N200, N500, and N1,000 banknotes will remain legal tender as ordered by the Supreme Court on November 29, 2023.

He added that the reports are false and intended to disrupt the nation’s payment system.

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