CBN debunks rumored naira circulation deadline

The Central Bank of Nigeria has announced that there is no deadline on the circulation of old N200, N500 and N1000 bank notes.

The spokesperson of CBN, Sidi Hakama disclosed this in a statement on Thursday.

This comes amid speculations that the old Naira notes will cease to be legal tender from December 31, 2024.

However, the apex bank clarified that the claim is false, stressing that all bank notes remain legal tender.