• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

JUST-IN: CBN Counters House Of Reps, Says No Deadline On Old Naira Notes

by Mark Itsibor
10 months ago
in Cover Stories, News
cbn
Share on WhatsAppShare on FacebookShare on XTelegram

The Central Bank of Nigeria (CBN) has said that there is no plan to stop the circulation of the old denominations of Naira banknotes.

Advertisement

In a statement that was issued late Thursday night, the central bank said it was reacting to insinuations in some quarters suggesting that the old series of the N200, N500, and N1,000 banknotes will cease to be legal tender on December 31, 2024.

LEADERSHIP reports a Wednesday resolution of the House of Representatives following adoption of a motion urging the CBN to increase the circulation of the redesigned Naira notes since the old ones will cease to be legal tender by December 31, 2024, citing a subsisting ruling of the Supreme Court on the matter.

But, apex bank stated: “We wish to state categorically that such claims are false and calculated to disrupt the country’s payment system. For the avoidance of doubt, the order of the Supreme Court of Nigeria on Wednesday, November 29, 2023, granting the prayer of the Attorney-General of the Federation and Minister of Justice to extend the use of old Naira banknotes ad infinitum, subsists.

“Similarly, the CBN’s directive to all its branches to continue to issue and accept all denominations of Nigerian banknotes, old and re-designed, to and from deposit money banks (DMBs) remains in force. It will be recalled that the Supreme Court ordered that the old series of N200, N500, and 1,000 banknotes shall continue to be legal tender alongside the redesigned versions.

RELATED

Coup Calls Blamed On Criminals Losing Ground To Military

We Must Invest In Cyber Defence, Artificial Intelligence, Indigenous Military Technology – CDS

3 hours ago
JUST-IN-: Protesters Set Palace, LG Secretariat Ablaze In Benue

Security Summit Seeks End To Killings In Benue

3 hours ago
ADVERTISEMENT

“Accordingly, all banknotes issued by the Central Bank of Nigeria (CBN) will continue to remain legal tender indefinitely. We, therefore, advise members of the public to disregard suggestions that the said series of banknotes will cease to be legal tender on December 31, 2024.”

“We urge Nigerians to continue to accept all Naira banknotes (old or redesigned) for their day-to-day transactions and handle them with the utmost care to safeguard and protect their lifecycle,” the bank’s acting director of corporate communications, Hakama Sidi, added in the statement.

She also urged the general public to embrace alternative modes of payment, e-channels, in order to reduce pressure on the use of physical cash.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: CBNOld naira notes
SendShare10180Tweet6363Share
ADVERTISEMENT
Previous Post

NMU Governing Council Seek Senate’s Support For Development 

Next Post

Tinubu Condoles NNPCL Over Helicopter Crash, Directs Expanded Search Mission

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

Coup Calls Blamed On Criminals Losing Ground To Military
News

We Must Invest In Cyber Defence, Artificial Intelligence, Indigenous Military Technology – CDS

2025/08/26
JUST-IN-: Protesters Set Palace, LG Secretariat Ablaze In Benue
News

Security Summit Seeks End To Killings In Benue

2025/08/26
Cassava Key To Doubling Gombe’s Agricultural Yield — Gov Inuwa
News

Gombe Gov Signs Bill Creating 13 LCDA

2025/08/26
PremiumTrust Bank Reassures Stakeholders Of Strong Performance, Profitability
Business

PremiumTrust Bank Meets N200bn Capital Requirement For National Commercial Banks; Reinforcing Its Leadership As Nigeria’s Fastest-Growing Bank

2025/08/26
Flood Alert: Environmentalist Urges Proactive Actions
News

FG Issues Fresh Flood Alert To 9 Northern States

2025/08/26
Ag COAS Investigates Video Of Major General, Orderly Brutalising Motorist
News

We’ll Do More To Secure Katsina – COAS

2025/08/26
Leadership Conference advertisement

LATEST

We Must Invest In Cyber Defence, Artificial Intelligence, Indigenous Military Technology – CDS

Security Summit Seeks End To Killings In Benue

Gombe Gov Signs Bill Creating 13 LCDA

PremiumTrust Bank Meets N200bn Capital Requirement For National Commercial Banks; Reinforcing Its Leadership As Nigeria’s Fastest-Growing Bank

FG Issues Fresh Flood Alert To 9 Northern States

We’ll Do More To Secure Katsina – COAS

Parties Accept Mediation In Abia Land Dispute

PDP’s Zoning Of Presidential Ticket To South Sparks Comments

Oil Theft Nearly 100% Eliminated, Says NNPCL GCEO

FG Signs BASA Agreement For Direct Flights To Brazil

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.