Old Naira Notes Archives

Old, new naira notes remain legal tender – CBN

The Central Bank of Nigeria has directed all its branches across the country to maintain a steady supply of both old and redesigned banknotes in different denominations to commercial banks. This decision was communicated through a statement signed by the Director of Corporate Communications, Isa AbdulMumin, at the central bank, and posted on its […]

oamudipepdnlimited-com
8th November 2023
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featured

Gradual removal of old naira notes continues – CBN

The Central Bank of Nigeria has reiterated its dedication to gradually discontinuing the old N200, N500, and N1,000 notes in favour of releasing new money. The Monetary Policy Committee met on Tuesday at the CBN headquarters in Abuja, where the acting governor of the top bank, Folashodun Shonubi, announced this pronouncement. The […]

oamudipepdnlimited-com
26th July 2023
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40 Views

featured Policy and Regulations

Oil marketers shun CBN directive, reject old naira notes

Petrol marketers of Premium Motor Spirit, aka. Petrol stations, have continued to reject the old naira notes despite the recent directive from the Central Bank of Nigeria, as they clamour for the availability of the new naira notes to the public and an end to the confusing directives. According to them, Deposit Money Banks […]

aadelekepdnlimited-com
14th March 2023
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17 Views

100% cashless economy possible in Nigeria - Emefiele

Policy and Regulations

BREAKING: CBN bows to pressure, okays Dec 31 old naira notes deadline

Cbn itThe Central Bank of Nigeria has said that the old N200, N500, N1,000 banknotes remain legal tender till December 31, 2023. This announcement was made by the apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin, on Monday in a statement, according to Channels TV. The statement read, “In compliance with the […]

aadelekepdnlimited-com
13th March 2023
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Opinion

Don’t issue old notes if you won’t accept deposit, Adeleke tells banks

Wilson Adekumola The Governor of Osun State, Ademola Adeleke, has told the commercial banks in the state to halt issuing old naira notes to customers if they will not accept it back as deposits. The News Agency of Nigeria reported that the governor expresssed worries over the rejection of the old naira notes […]

aadelekepdnlimited-com
13th March 2023
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A photo of President Buhari and the redesigned note

Business featured

Old naira: Buhari never told Emefiele, Malami to shun S’Court order, says presidency

Juliet Buna The Presidency has denied allegations that it ordered the Attorney general and Central Bank of Nigeria to defy the Apex court’s order. According to a release by the Garba Shehu Senior Special Assistant to the President, Garba Shehu said the President Major General Muhammadu Buhari (retd), has not done anything knowingly and […]

oojopdnlimited-com
13th March 2023
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News

CBN disowns Soludo’s old naira statement

The Central Bank of Nigeria has debunked claims of ordering banks nationwide to begin dispensing and accepting old naira notes. This development on Monday is coming after a former CBN governor, Chukwuma Soludo, had written through his social media handle that the CBN governor, Godwin Emefiele, in a Bankers’ Committee meeting on Sunday had […]

aadelekepdnlimited-com
13th March 2023
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8 Views

Business

VIDEO: Ogun gov warns businesses rejecting old naira notes

The Executive Governor of Ogun State, Dapo Abiodun, has issued a firm warning to business owners, merchants in the state to stop rejecting old naira notes. The governor issued the warning in a video via his Twitter handle on Sunday. In the video, he said, “I am hereby sounding a note of warning […]

aadelekepdnlimited-com
13th March 2023
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featured

Emefiele orders banks to dispense old naira notes – Soludo

By Christian George The Central Bank of Nigeria has mandated commercial banks to dispense and accept deposits of old N500 and N1000 naira notes. This was made known by the governor of Anambra State, Prof Charles Soludo on Monday via his social media handle. The former CBN governor said commercial banks are to dispense and […]

oamudipepdnlimited-com
13th March 2023
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12 Views

Economy

VIDEO: Edo community resort to trade-by-barter amid naira scarcity

The residents of Anegbette Community in the Etsako Central Local Government Area of Edo State have resorted to trade-by-barter as a means of survival as the naira scarcity lingers. Recently, there have been protests and chaos across the country over the naira notes scarcity, with many commercial banks burnt and their members of staff […]

aadelekepdnlimited-com
22nd February 2023
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Business

Old naira: Aisha Buhari blames hacker for fake post

The First Lady of Nigeria, Aisha Muhammadu Buhari has blamed hackers for the fake post regarding the recirculation of the old naira notes which went viral in the early hours of Tuesday. This declaimer was shared to the public in a facebook post Aisha made in the late hours of Tuesday. The Facebook post reads […]

oojopdnlimited-com
21st February 2023
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Emefiele is worse CBN gov in history, says Moghalu

News

New naira: CBN to arrest, prosecute Nigerians spreading fake news

The Central bank of Nigeria has urged Nigerians to be guided as it is working with law enforce agencies to prosecuted and apprehend the purveyors of fake news. The CBN made this announcement on Tuesday, not long after first lady Aisha Buhari posted a press release saying that her husband, President Muhammadu Buhari, had ordered […]

bfatoyepdnlimited-com
21st February 2023
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14 Views

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Tag: Old Naira Notes