CBN Speaks on Old, New Naira Notes - The Source

ADVERTISEMENT
  • Landing Page
  • Shop
  • Contact
  • Buy JNews
  • Login
The Source
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
The Source
No Result
View All Result
Home News

CBN Speaks on Old, New Naira Notes

The Source by The Source
March 7, 2023
in News
0
Breaking: CBN Orders Banks To Collect Old N500, N1,000 Notes
0
SHARES
7.3k
VIEWS
Share on Facebookshare on whatsappShare on Twitter

The Spokesman of the Central Bank of Nigeria (CBN), Isa Abdulmumin, has said both the old and new naira notes are now legal tender following the new directive of the Supreme Court.

According to Abdulmumin, banks have begun to issue both old and new notes to customers at their various Automated Teller Machines (ATMs) terminals and over the counter.

Speaking with The Cable on Tuesday, Abdulmumin said even though the CBN is yet to issue an official statement on the matter, Nigerians can now spend and collect both the old and new notes.

He added that the apex bank just wants to make life easy for Nigerians and has directed commercial banks to obey the supreme court ruling which extended the validity period of the old notes to the end of the year.

The CBN spokesman said, “Banks are paying old notes as well as new notes. They are all legal tender.

“Yes, the CBN has not issued an official statement on the issue. Anyone banks give to you, you can collect. We just want to make life easy for Nigerians.”

Abdulmumin expressed concern about the continued rejection of the old notes by some traders and transporters.

The CBN spokesman said the old notes should not be rejected as they are still a valid means of exchange.

He added: “No. They can’t reject it. It’s all legal tender.”

Recall that some states had dragged the Federal Government before the apex court over the controversy trailing the naira redesign policy of the CBN.

Be the first to read it our next BREAKING NEWS, POLITICS, METRO. Click here to join our WhatsApp group

Tags: CBNNaira Notes
Previous Post

Lagos guber candidate vows to lift ban on okada, NURTW if elected

Next Post

How to know your skin type

The Source

The Source

Related Posts

President Muhammadu Buhari
News

7 Buhari-era Policies that Shaped Nigeria’s Tech Ecosystem

by The Source
July 16, 2025
Tributes as Tinubu, Shettima, others Bid Farewell at Buhari’s Burial
News

Tributes as Tinubu, Shettima, others Bid Farewell at Buhari’s Burial

by The Source
July 15, 2025
Ehoan South-west Zone to Honour Governor Adeleke At 2025 Conference
News

Ehoan South-west Zone to Honour Governor Adeleke At 2025 Conference

by The Source
July 15, 2025
Buhari cautions Western nations over frivolous travel advisory issuance on Nigeria
News

ADC, PDP, Atiku: Buhari Left Indelible Imprints

by The Source
July 14, 2025
Gov Adeleke Pretended to be a Muslim to Avoid ‘Christian-Christian Ticket’ for Political Gain- APC Chieftain
News

Osun Forum of Chairmen of Agencies, Parastatals calls for Prayers, Fasting to Support Adeleke

by The Source
July 14, 2025
Next Post

How to know your skin type

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tags

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Categories

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tag

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Recent Posts

  • OAUTHC Clocks 50 as Staff Celebrate Golden Jubilee
  • 7 Buhari-era Policies that Shaped Nigeria’s Tech Ecosystem
  • Tributes as Tinubu, Shettima, others Bid Farewell at Buhari’s Burial

© 2022 The Source Nigeria.

No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament

© 2022 The Source Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In