Business
CBN Issues Fresh Directives To Banks, Nigerians Over Old Naira Notes
The apex bank’s directive comes as the Supreme Court granted the prayers of the federal government…
The Central Bank of Nigeria, CBN, has issued a fresh directive to all banks and Nigerians regarding accepting old and redesigned Naira notes.
VerseNews reports that the CBN issued the directive on Wednesday in a statement by its Acting Director of Corporate Communications, Mrs Sidi Hakama.
The bank emphasised that all bank notes, including old and redesigned ones, remain legal tender.
The apex bank’s directive comes as the Supreme Court granted the prayers of the federal government to lift the December 31 extension deadline for the usage of N200, N500, and N1,000 notes on Wednesday.
Reacting to the apex court’s ruling, the CBN asked all its branches to continue to issue and accept all denominations of Nigerian notes.
“To avoid doubt, the Supreme Court ordered that the old versions of N200, N500 and N1000 banknotes, alongside the redesigned versions, shall continue to be legal tender.
“Accordingly, in line with Section 20(5) of the CBN Act 2007, all banknotes issued by the Central Bank of Nigeria will remain legal tender indefinitely.
“Members of the public are enjoined to continue to accept all Naira banknotes(Old or redesigned) for their day-to-day transactions and handle these banknotes with utmost care to safeguard and protect the lifecycle of the banknotes,” it said.
BREAKING: All University Will Be Closed Till Further Notice, ASUU Declares Nationwide Strike
Nigerian public universities might be shut down as the Academic Staff Union of Universities (ASUU) is set to embark on...
‘Food Items are Now Cheap’: Relief for Nigerians as Prices of Rice, Garri, Others Drop in States
Some traders and agriculture stakeholders in Ogun, Oyo, and Kwara States have expressed delight at the drop in food prices,...
Reps Set Aside Thursday for Full-Day National Security Debate as Insecurity Worsens
The House of Representatives has dedicated Thursday to a full-day national security debate, following rising cases of kidnapping, killings, and...
ASUU Rejects FG’s 35% Salary Increase, Calls Offer ‘Wretched’ and Threatens Indefinite Strike
The Academic Staff Union of Universities (ASUU) has dismissed the federal government’s proposed 35% salary increase for lecturers.
BREAKING: 44 Federal Lawmakers Write Tinubu, Demand Nnamdi Kanu’s Release
Forty-four serving federal lawmakers have jointly written President Bola Tinubu, urging him to invoke constitutional powers to release Nnamdi Kanu.
Remi Tinubu Seeks Evidence-Based Policy To Protect Nigerian Children
First Lady, Oluremi Tinubu, has called for stronger, evidence-based policies to protect children from sexual exploitation and abuse.
‘We Will Strip You Naked’: Warri Residents Threaten VeryDarkMan After Mid-Air Fight With Mr Jollof (Video)
Warri residents have issued a fierce warning to activist VeryDarkMan following his mid-air clash with comedian Mr Jollof on a...
Hackers Hack Phones of Dangote and Otedola, Demand Ransom
Hackers have broken into the mobile phones of Nigerian billionaires Aliko Dangote and Femi Otedola, making direct financial demands after...
BREAKING: Wike’s Faction Expels Three PDP Governors, Dissolves Six State EXCOs
The factional National Executive Committee of the Peoples Democratic Party, loyal to FCT Minister Nyesom Wike, has expelled Governors Seyi...
BRAKING: NCAA Moves to Jail Mr Jollof, VeryDarkMan After Fight on Asaba Flight
The Nigerian Civil Aviation Authority (NCAA) has announced that comedian Mr Jollof and social media critic VeryDarkMan may face prosecution...
You must be logged in to post a comment Login