NIGERIA — The Central Bank of Nigeria (CBN) on Wednesday directed all banks across the country to continue to issue and accept both the old and redesigned naira notes, declaring that both monies remain legal tender in Nigeria. A statement by the Acting Director, Corporate Communications, Mrs. Sidi Ali Hakama, which was issued to journalists on Wednesday, noted that the Supreme Court on Wednesday, November 29, 2023, granted the prayer of the Minister of Justice and Attorney-General of the Federation to extend the use of old naira banknotes ad infinitum... independent.ng
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Wed May 21 2025 04:54:56 GMT+0000 (Coordinated Universal Time)
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CBN directs all banks to continue to issue and accept both the old and redesigned naira notes
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Published (Updated) on Thursday, November 30, 2023
• Central Bank of Nigeria has banned the use of foreign currency-denominated collaterals for naira loans
• International Money Transfer Operators have halted the payment of dollars to their Nigerian customers
• CBN's Currency in Circulation Drops Significantly, as Redesigned Naira Notes are Rolled Out — According to the CBN, it dropped from N3.16 trillion in November 2022 to N982.09 billion in February 2023
• CBN Autonomy Debate: How Truly Independent is the Central Bank of Nigeria — The Autonomy of the CBN and Political Influence - Article
• Ex Rivers State Governor Nyesom Wike (Now FCT Minister) Receives Godswill Akpabio the Senate President of Nigeria at His Residence in Abuja on Tuesday 18th, March 2025 - Photo News
• Nigerian President Bola Tinubu Receives N705 Millionaire Naira Donation from House of Representative Led by Speaker Tajudeen Abbas and Deputy Speaker Benjamin Kalu - Photo News
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