Residents of Ilorin, Kwara State capital on Tuesday reacted variously to the Monday directive of the Central Bank of Nigeria (CBN) asking commercial banks to receive and dispense the old N200, 500 and N1,000 notes. While the majority of the residents described the directive as a good development, others said …
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Kaduna residents have expressed relief following the Central Bank of Nigeria’s directive to commercial banks to start issuing and accepting old Naira notes. Newsextra24 recalls that the CBN had finally obeyed the Supreme Court order over the issuance and receiving of old N500 and N1000 notes. The residents said although …
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The Coalition of South East Youth Leaders, COSEYL, has condemned the move by commercial banks in the country to reject old Naira notes. Our correspondent earlier gathered that customers who intended to deposit their old Naira notes were turned back on Tuesday. According to some officials, the decision followed a …
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In defiance of the Supreme Court order, the Central Bank of Nigeria, CBN, declared that the old naira notes of N200, N500 and N1000 have ceased being legal tender in Nigeria since February 10, 2023. CBN’s branch controller in Bauchi Haladu Idris Andaza made the declaration while briefing journalists on …
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Barely a few days before the deadline of January 31 set by the Central Bank of Nigeria for the deposit of old notes of the newly-redesigned naira denominations, traders across markets in Kwara State are rejecting old N200, N500 and N1,000. According to findings by Newsextra24, some traders in Ilorin, …
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