CBN
The Central Bank of Nigeria has described the information suggesting that old Naira notes shall cease to be a legal tender by December 31st this year as false and misleading. The CBN in a statement expressed the belief that the misleading information is a calculated effort to disrupt the country’s payment system. “The attention of […]
The House of Representatives asks the Central Bank of Nigeria, CBN, to withdraw old currency notes and increase the issuance of new ones. The House urged the CBN to increase the supply of newly minted N200, N500, and N1,000 notes, while also initiating a phased removal of the old currency from circulation. The House has […]
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