Cash Scarcity: CBN Speaks On Expiration Of Old Notes
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

Cash Scarcity: CBN Speaks On Expiration Of Old Naira Notes As Legal Tender

Adam PR by Adam PR
December 14, 2024
in NEWS
0
Cash Scarcity: CBN Speaks On Expiration Of Old Naira Note As Legal Tender
21.1k
SHARES
21.1k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook

The Central Bank of Nigeria, CBN on Friday has spoken on the expiration of old naira notes as legal tender as naira scarcity bite hard in the country.

The apex bank revealed that all denominations of Naira banknotes currently in circulation remain indefinitely valid as legal tender and cannot expire or be phased out.

A statement by CBN’s Acting Director of Corporate Communications, Mrs Sidi Ali Hakama, said all banknotes, including the old and new designs of N1,000, N500, and N200, were valid.

Hakama urged the public to disregard misinformation regarding the validity of the old notes.

“In line with the bank’s previous clarifications and to offer further assurance, the CBN wishes to reiterate that the subsisting Supreme Court ruling granted on November 29, 2023, permits the concurrent circulation of all versions of the N1,000, N500, and N200 denominations of the Naira indefinitely.

“For the avoidance of doubt, all versions of the Naira, including the old and new designs of N1000, N500, and 4200 denominations, as well as the commemorative and previous designs of the 100 denomination, remain valid and continue to be legal tender without any deadline.

ALSOREAD

JUST IN: CBN Approves Merger Of 2 Popular Nigerian Banks

CBN Speaks On Introducing New N5,000 and N10,000 Banknotes

BREAKING: Supreme Court Stops Monthly Allocations To Rivers State

JUST IN: CBN Announces New ATM Transaction Fees

BREAKING: CBN Sanctions 9 Banks In Nigeria

“We, therefore, advise the public to disregard any claims that the old series of the aforementioned banknotes will cease to be legal tender on December 31, 2024.

“We urge Nigerians to continue accepting all Naira banknotes (both old and redesigned) for their daily transactions and to handle them with care to ensure their longevity,” she said.

The director encouraged the general public to embrace alternative modes of payment, such as e-channels, to reduce pressure on using physical cash.

FOLLOW US ON SOCIAL MEDIA

TWITTER — https://x.com/dailygistonline

THREADS —https://www.threads.net/@dailygistonline

FACEBOOK — https://m.facebook.com/oauvoices

INSTAGRAM —https://www.instagram.com/dailygistonline/ 

 

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

Share This News

Tags: Cash ScarcityCBNLegal Tenderold notes
Previous Post

JUST IN: CAC Church On Fire In Ibadan, Worshippers Trapped

Next Post

Anxiety Over Rumoured Death Of INEC Chairman, Yakubu

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

Related Posts

Kashim Shettima Vacates Seat As Vice President Of Nigeria
NEWS

Kashim Shettima Vacates Seat As Vice President Of Nigeria

October 21, 2025
Nigerian Lady Stages Her Own Kidnap To Collect Ransom From Family, Relocates Abroad
NEWS

Nigerian Lady Stages Her Own Kidnap To Collect Ransom From Family, Relocates Abroad

October 14, 2025
Nigerian Man Asks Wife To Video Him Working, Dies On Camera In Ogun
NEWS

Nigerian Man Asks Wife To Video Him Working, Dies On Camera

October 10, 2025
How Moaning During Bedroom Sex Can Land You In Trouble — Nigerian Lawyer
NEWS

How Moaning During Bedroom Sex Can Land You In Trouble — Nigerian Lawyer

October 10, 2025
Nigerian Man Kills His Girlfriend For Money Rituals In Lagos
NEWS

Assistant Headmaster Suspended After He Was Seen F0ndling Student’s Br£asts In Viral Video

October 8, 2025
Bola Tinubu, Petrol Subsidy, Forex
NEWS

BREAKING: President Tinubu’s Minister Resigns

October 7, 2025
Next Post
INEC chairman, Mahmood Yakubu

Anxiety Over Rumoured Death Of INEC Chairman, Yakubu

Leave a Reply Cancel reply

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

TRENDING NEWS

  • VIDEO: Fairytale Wedding Crashes After Wife Finds $£x Tape Of Best Friend With Hubby

    VIDEO: Fairytale Wedding Crashes After Wife Finds $£x Tape Of Best Friend With Hubby

    25114 shares
    Share 10046 Tweet 6279
  • FULL LIST: 15 Popular Nigerian Celebrities With Leaked Nud£/S£x Videos

    34693 shares
    Share 13877 Tweet 8673
  • VIDEO: Lady Strips Half Nak3d As She Attempts To ‘Fight’ A Man Inside Market

    21820 shares
    Share 8728 Tweet 5455
  • VIDEO: Drama Ensues As Man And Woman Get Stuck During S3xual Interc0urs£

    21945 shares
    Share 8778 Tweet 5486
  • Kashim Shettima Vacates Seat As Vice President Of Nigeria

    21586 shares
    Share 8634 Tweet 5397
  • Nigerian Woman Whose Sex Video With A Married Man Went Viral Speaks

    22321 shares
    Share 8928 Tweet 5580
  • Japa: 10 Frequently Asked Visa Interview Questions And How To Answer Them

    20727 shares
    Share 8291 Tweet 5182
  • VIDEO: Tenant Caught Landlord Red-handed Sl££ping With His Wife & Daughter

    22494 shares
    Share 8998 Tweet 5624
  • FG Sends Important Message To CDCFIB Applicants On Shortlisting

    21272 shares
    Share 8509 Tweet 5318
  • VIDEO: Man Flogged Mercilessly For Secretly Recording Intim@te Moments With 3 Girls

    21317 shares
    Share 8527 Tweet 5329

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR
  • Privacy Policy

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved