CBN Directs Banks to Receive, Dispense Old N500, N1000 Notes

On Monday, the Central Bank of Nigeria (CBN) directed commercial banks to stop issuing and accepting old N200, N500, and N1000 bank notes. According to the bank, the notes are still legal tender until December 31, as directed by the Supreme Court. The CBN announced this in a statement issued by its acting spokesperson, Isa…

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