Connect with us

Hi, what are you looking for?

E-Financial

CBN Denies Asking banks to disburse old notes

CBN

Central Bank of Nigeria (CBN) has said that it never issued a fresh directive to commercial banks to obey last Friday’s judgement of the Supreme Court ordering the circulation of the old naira notes alongside the new ones until December 31.

CBN spokesman, Isa Abdulmumin, who spoke to Daily Trust, said the apex has not issued an official statement.

A senior management source also said; “Both the old and new notes are legal tender, and banks are currently issuing them to customers. Nigerians should not reject any note, whether old or new.”

Click to comment

Leave a Reply

Your email address will not be published.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

ad

You May Also Like

Business

Shared Agent Network Expansion Facilities (SANEF) Limited has appointed Mrs. Uche Uzoebo as its new Managing Director/Chief Executive Officer, effective February 2025. Mrs. Uche...

News

Federal Ministry of Works (FMoW) and the Federal Ministry of Communications, Innovation, and Digital Economy (FMoCIDE) have established a Joint Standing Committee on the...

News

In January 2025, the Nigerian Communications Commission (NCC) announced a 50% telecoms tariff increase, a decision targeted at the sustainability of the industry, yet...

Business

Ghana took center stage as the host of QNET’s highly anticipated V-Africa 2025, a regional edition of the company’s flagship convention. From February 20...