CBN gives Update On Old, New 200, 500, 1000 Naira
CBN gives Update On Old, New 200, 500, 1000 Naira The Central Bank of Nigeria (CBN) confirmed on Tuesday that plans are in place to gradually phase out the old N200, N500, and N1,000 naira notes. Acting Governor of the apex bank, Folashodun Shonubi, provided these details after a monetary policy committee meeting at the CBN headquarters in Abuja. It would be recalled that, in October 2022, former CBN Governor Godwin Emefiele announced plans to redesign these currency bills and had asked Nigerians to deposit their old notes before they became invalid on January 31, 2023. Former President Muhammadu Buhari…