Economy And Business

BREAKING: CBN Says Old Naira Notes Still Legal Tender

CBN has revealed that old Naira notes is still legal tender.

 

NewsOnline reports that the Central Bank of Nigeria said that both old and new notes are now legal tender.

 

The Acting Director of Corporate Communications CBN, Dr Isa Abdulmumin disclosed this on Tuesday.

 

He affirmed that commercial banks have started issuing both the old and new notes to their customers.

ALSO: APC Hires 12 SANs To Defend Tinubu At Presidential Election Tribunal

But insisted that the apex bank is yet to issue an official statement.

He said, “Banks are paying old notes as well as new notes. They are all legal tender.

 

“Yes, the CBN has not issued an official statement on the issue. Anyone banks give to you, you can collect. We just want to make life easy for Nigerians.”

 

Last week, the Supreme Court gave its verdict on Naira redesign, directing the federal government to allow the validity of N200, N500 and N1000 notes till 31 December.

 

In response to the ruling, DAILY POST gathered on Monday that some banks in Abuja and Lagos have started issuing the old notes to customers.

 

But, traders, business owners and motorists are not accepting the old notes.

NewsOnline Nigeria

Recent Posts

  • Headline

President Tinubu Expresses Sadness Over Rivers Tanker Fire Disaster

President Tinubu has expressed sadness over the Rivers tanker fire disaster. NewsOnline Nigeria reports that…

26 seconds ago
  • Top Stories

Prices Of Rice, Spaghetti, Beans, Other Foodstuffs Fall Massively [See New Prices]

Prices of Rice, Spaghetti and Beans among other foodstuffs have fallen massively, see new prices…

7 mins ago
  • Politics
  • Top Stories

Top Edo PDP Leaders Gang-Up Against Governor Obaseki, Ighodalo

Top Edo PDP Leaders have reportedly ganged up against Governor Obaseki and Ighodalo.   NewsOnline…

6 hours ago
  • Economy And Business
  • Headline

BREAKING: FG Begins Massive Destruction of Properties For Lagos-Calabar Coastal Highway

FG has begun the massive destruction of properties for the construction of the Lagos-Calabar Coastal…

6 hours ago
  • Crime Watch
  • Headline

Full List of Former President Buhari Ministers Being Probed By Tinubu Government

Full list of Former President Buhari Ministers being probed by Tinubu Government has emerged.  …

6 hours ago
  • Crime Watch
  • Headline

SERAP Drags Kyari’s NNPC To Court Over $2.04 Billion, N164 billion Oil Revenues

SERAP has dragged Kyari's NNPC to court over failure to account for $2.04 billion and…

7 hours ago