CBN extends use of old Naira notes indefinitely

The Central Bank of Nigeria, CBN, has revised the deadline for the legal tender status of old N200, N500, and N1000 notes. Initially set for December 31, 2023, this deadline has now been removed indefinitely. CBN Logo This was confirmed in a…

Naira redesign policy: CBN issues new withdrawal limit at N100,000 weekly, N20,000 daily

According to a new memo to banks issued on Tuesday, 6th December, 2022, and signed by the Director of Banking Supervision, Haruna .B. Mustafa, following the launch of the new resigned note by the President of the Federal Republic of Nigeria Muhamadu…