CBN Insists on Buhari’s Directive on naira Policy

The Central Bank of Nigeria, CBN, has maintained that President Muhammadu Buhari’s directive on the N200 notes stands.

CBN in a statement dismissed reports that President Buhari approved the reissuance and release of the old N500 and N1000 notes as legal tender.

The statement described the reports as fake, pledging to work with security agencies to unravel the perpetrators of the misleading reports.

Recall that President Buhari in his nationwide broadcast directed the apex bank to only reissue and re-circulate the old N200 banknotes for 60 days.