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.”

Loading

Spread the love
Click to comment

Leave a Reply

Your email address will not be published.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

NCC
ad

You May Also Like

Opinion

By Blaise Udunze Nigeria’s banking industry has spent years rebuilding capital, restructuring institutions and celebrating stronger financial performance. Amidst all these developments, one fundamental...

Opinion

By Blaise Udunze The last Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) was its 307th meeting, held on September...

E-Financial

By Tolulope Rojaiye A Nigerian professional in London closes her laptop after another workday. In Toronto, a family reviews its financial plans for the...

News

Socio-Economic Rights and Accountability Project (SERAP) has dragged the Central Bank of Nigeria (CBN) before the Federal High Court in Abuja over its alleged...