News | Events | Digital PR | Advertising

Home Features CBN Denies Claims Instructing Banks To Collect Old N500, N1, 000 Notes
FeaturesNews

CBN Denies Claims Instructing Banks To Collect Old N500, N1, 000 Notes

Share
Share

https://www.instagram.com/p/CoxQBMYsU_y/?utm_source=ig_web_copy_link

 

(CBN) The Central Bank of Nigeria has denied reports making circulating that it has authorized commercial banks to collect the old N500 and N1,000 banknotes.

In a statement issued by CBN’s Director of Corporate Communications Osita Nwanisobi today (Friday), the apex bank said it is only reissuing and recirculating the old N200 banknotes which is expected to circulate as legal tender up to April 10, 2023, in line with President Muhammadu Buhari’s directive.

The CBN advised the public to disregard any message and/or information not formally released by the bank on this subject. It further advised media practitioners to always verify any information from correct sources before publication.

Recall, President Muhammadu Buhari had in a nationwide broadcast on Thursday, directed the CBN to release old N200 notes into circulation to co-exist with new N200, N500, and N1,000 banknotes for 60 days.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Nigerian military
News

Nigeria Ranked 3rd Most Powerful Military in Africa by 2025 Global Firepower Index

Nigeria has been ranked as the third most powerful military force in...

NewsPolitics

America State Department Advises Americans in Iran to ‘Shelter in Place’; No Evacuation Plans Announced

The U.S. State Department has advised Americans currently in Iran to “shelter...

13 Killed Houses Burnt During Gunmen Attack in Plateau State
News

13 Killed, Houses Burnt During Gunmen Attack in Plateau State

Multiple communities in Bassa, Bokkos, and Mangu local government areas of Plateau...

Alhaji Dahiru Mangal
News

Katsina Philanthropist, Alhaji Dahiru Mangal, Sponsors Urology Surgeries with Over N80m

Popular philanthropist in Katsina State, Alhaji Dahiru Mangal, has donated more than...