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Nigerian Supreme Court Extends Old Banknote Demonetization Deadline Again

2023-12-01 by admin Leave a Comment

The Supreme Court of Nigeria has again extended the lifespan of the N1000, N500, and N200 naira notes. The Central Bank of Nigeria (CBN) also reiterated that all banknotes, including the previously demonetized naira, remain legal tender “ad infinitum, even beyond the initial 31 December 2023, deadline” Demonetization Deadline Extended Again The Supreme Court of […]

Nigerian Central Bank Dismisses Old Naira Banknote and Cash Shortage Rumors

2023-11-11 by admin Leave a Comment

The Nigerian central bank has dismissed rumors suggesting that the previously demonetized naira banknotes are no longer legal tender. According to the bank, all banknotes it has ever issued remain legal tender and “should not be rejected by anyone.” No Shortage of Naira Banknotes Says the Central Bank The Central Bank of Nigeria (CBN) has […]