Tuesday, September 23, 2025
24.8 C
Lagos

CBN: ‘Old N200, N500, N1000 Banknotes Remain Legal Tender Till Dec 31’

 

The Central Bank of Nigeria (CBN) released an official statement last night to the effect that the old N200, N500 and N1000 banknotes shall remain legal tender till December 31, 2023.

Below is the CBN statement signed by Dr. Isa AbdulMumin, Acting Director, Corporate Communications:

In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court judgement of March 3, 2023.

Accordingly, the CBN met with the Bankers’ Committee and has directed that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till December 31, 2023.

Consequently, all concerned are directed to conform accordingly.

spot_img
spot_img

Hot this week

NCDMB ES: African Nations Must Collaborate to Develop Oil Sector

Close partnership and collaboration among African oil and gas...

NCDMB Boss Commends West African Ventures, Seeks Investment in Deepwater Operations

The Executive Secretary of the Nigerian Content Development and...

Ecobank Design & Build Expo: Global & Local Giants to Showcase Cutting-Edge Products in Lagos

Leading global and local brands in the building, design,...

Fidelity FNITCC Confab: Atlanta Mayor Highlights Economic Ties with Africa

L – R: Managing Director/Chief Executive Officer, Fidelity Bank...

HRM Igwe Maduagwuna of Awba-Ofemili Commends The Village Priest Author, Remmy Nweke

His Royal Majesty, Igwe Ezekwesili Maduagwuna, Ofemili I of...

Topics

The Future of Work in Nigeria: GE Report

General Electric Nigeria yesterday released a whitepaper titled "The Future...

Nigerian Healthcare Excellence Award (NHEA) 2024 Nominations Now Open!

The Nigerian Healthcare Excellence Award (NHEA) is thrilled to...

Facebook Helps West African SMEs Connect with Customers

Facebook hosted a roundtable with small and medium-sized enterprises...

Building the COVID-19 Word Register

  By Elvis Eromosele Since COVID19 burst into our consciousness in...

AIICO Earns Double Honours at 2024 Almond Insurance Industry Awards

L-R: Ademola Adenekan, Award Presenter, Titilola Ajigbotafe and Oluyemi...

Sustained Sell-Offs Drag Benchmark Index… NSE ASI down 0.9%

The bearish performance of the local bourse was extended...

Adeosun Hosts American Ambassador, Says Nigeria’s Economy Resilient

The Minister of Finance, Mrs. Kemi Adeosun on Friday...

Verizon Plans $3bn Bid for Yahoo

USA based Verizon is reportedly submitting a second round...
spot_img

Related Articles

Popular Categories

spot_imgspot_img