No more deadline for legal tender status of old Naira notes – CBN

The Central Bank of Nigeria (CBN), says the old Naira banknotes will henceforth remain legal “ad infinitum ”.

Banks Dispense Old Naira Notes As Acceptability Grows In Lagos

Following the directive by the Central Bank of Nigeria (CBN) on Monday that the old N500 and N1,000 banknotes remain legal tender and would be in circulation concurrently with the new notes till December 31, 2023, commercial banks have begun dispensing the old notes through their Automated Teller Machines (ATMs).

Banks Resume Paying Nigerians Old N500, N1000 Notes

Following the Supreme Court judgment, which extended the validity of the Central Bank of Nigeria (CBN) currency redesign policy to December, some deposit money banks have started paying out the old notes.

Old Naira Notes Must Remain In Circulation Till December, Supreme Court Rules

The Supreme Court has ordered the circulation of the old naira notes alongside the new ones until December 31.

JUST-IN: CBN Denies Asking Banks To Accept Old N500, N1000 Banknotes

The Central Bank of Nigeria (CBN) has refuted news report quoting a source in the bank as saying that the apex bank has ordered commercial banks to start accepting the old N500 and N1000 banknotes.

Make New Notes Available Or Re-Circulate Old Naira, Council Of State Tells CBN

The Council of State has backed the new currency redesign policy but advised the Central Bank of Nigeria (CBN) to ensure the availability of naira notes to douse tension and ameliorate suffering of citizens across the country.

Kaduna, Kogi, Zamfara Govts Drag FG To Supreme Court Over Naira Scarcity 

Worried by the effects the Central Bank of Nigeria (CBN)’s naira redesign policy is having on the residents of their states, the governments of Kaduna, Kogi and Zamfara have dragged the Federal government before the Supreme Court, seeking a restraining order to stop the full implementation of the policy.

No Extension On Naira Swap Deadline, Says Emefiele

The Governor of the Central Bank, Godwin Emefiele on Friday insisted that the apex bank will not extend the deadline for swapping old naira notes with the newly redesigned ones.

CBN To Sanction Banks Dispensing Old Naira Notes In Cross River 

Arrangements have been concluded by the Central Bank of Nigeria (CBN) to sanction any commercial bank, which still dispenses old Naira notes to its customers in Cross River State beginning from Thursday, January 19, 2023.