The Central Bank of Nigeria, CBN, has opened a portal for the deposit of old naira notes Wednesday, 15th February, 2023. The apex Bank published a notification on their website titled “Redemption of currency notes”.

According to the CBN, Nigerians can redeem their old N1,000, N500, and N200 notes by completing an online form. The notification also provided a link to the portal to enable the masses deposit old notes in their possession.

“Please click here to create your profile, generate reference and print out receipt for you to proceed to nearest CBN branch to deposit your old N1000, N500 and N200 notes into your bank account”, it reads.

Customers are expected to generate a reference number, by providing their Bank Verification Number, BVN, email address, phone number, bank account details, depositor information (including house address), and the total amount of the denomination to be redeemed.

Story: Christy Dung