CBN Denies Directing Banks To Collect Old N500, N1, 000 Notes

Date:

The Central Bank of Nigeria (CBN) has denied reports making the rounds that it has authorized deposit money banks to collect the old N500 and N1,000 banknotes.

In a statement by Osita Nwanisobi, CBN’s Director of Corporate Communications on Friday, the apex bank said for the avoidance of doubt the CBN is only reissuing and recirculating the old N200 banknotes and which is expected to circulate as legal tender for 60 days up to April 10, 2023, in line with President Muhammadu Buhari’s national broadcast on Thursday.

The CBN advised members of the public to disregard any message and/or information not formally released by the bank on this subject.

It also advised media practitioners to endeavour to verify any information from the correct sources before publication.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Backup Singer for Ruger and KCee, Kelechi Iloanya Relaunches K-Gorat Travels n Tours, Blending Music and Travel Expertise

Kelechi Iloanya, a distinguished professional from Imo State, proudly...

4Thislagos teams up with Kuuka on his new single “Sip Affection”

"Different Shoes" is a captivating 6-track EP that showcases...

GPP Launches Innovative Ecoline Web Printing Machine, Pledges To Curb Capital Flight

  Global Plus Publishing (GPP) a leading printing company in...

King DIGB, drops highly anticipated first release of the year titled HODL

Nigerian rapper, songwriter, and performing artist, widely recognized as...