Presidency reacts after CBN confirmed that outdated 200, 500 and 1,000 Naira notes stay authorized tender

Presidency has reacted via President Muhammadu Buhari’s particular assistant on Digital Communications, Mr Bashir Ahmad, after the Central Bank of Nigeria revealed that 200, 500 and 1,000 Naira notes stay the authorized tender until December thirty first 2023.

Courtroom requested the Central Bank of Nigeria to make the outdated Naira notes accessible for Nigerians on the third of March, following completely different challenges being confronted by folks on account of lack of recent Naira notes…. Continue Reading

Although courtroom has instructed folks to proceed spending the outdated Naira notes, many individuals have been struggling to spend it and a few banks have additionally been rejecting it.

Many instances had been reported on Monday that some industrial banks refused to just accept outdated Naira notes from their clients regardless of the courtroom ruling, and the Central Bank of Nigeria has now instructed all of the banks to be accepting it.

In line with the assertion launched by the Central Bank of Nigeria on Monday evening, it says all of the industrial banks ought to comply with courtroom order and Nigerians ought to proceed spending the cash as a result of it stays authorized tender until the top of the yr.

Reacting after the Central Bank of Nigeria revealed that the outdated 200, 500 and 1,000 Naira notes stay authorized tender until December thirty first 2023, Presidency reacted via President Muhammadu Buhari’s particular assistant on Digital Communications Mr Bashir Ahmad, as he posted on his verified Twitter deal with that;

“The Central Bank of Nigeria (CBN) has confirmed that outdated N200, N500, and N1,000 banknotes stay authorized tender until December 31, 2023. Consequently, all involved are directed to adjust to accordingly.”