Sunday, June 1, 2025
Home Business OLD BANKNOTES REMAINS LEGAL TENDER, SAYS CBN

OLD BANKNOTES REMAINS LEGAL TENDER, SAYS CBN

Every banknote remains legal tender and should not be rejected by anyone, the Central Bank of Nigeria has disclosed. This is as the apex bank directed all its branches across the country to continue to issue different denominations of the old and redesigned banknotes in adequate quantities to deposit money banks.

The apex bank stressed that every banknote it has issued remains legal tender and should not be rejected by anyone. This disclosure was contained in a public statement issued by the Director of Corporate Communications of the CBN, Isah Abdulmumin, on Wednesday, in Abuja.

Isa said the directive follows reports of scarcity of cash across some major cities in the country despite initial assurances by the CBN of sufficient cash stocks in all locations across the country. Isa further advised members of the public to reduce the pressure on the use of physical cash and embrace alternative modes of payment.

RELATED ARTICLES

NEPZA, PUBLIC ACCOUNT CTTEE TO ENFORCE REGULATIONS ON FTZs BUSINESSES..

The Nigeria Export Processing Zones Authority (NEPZA) and the House Committee on Public Account have resolved to strictly activate their regulations on Free Trade...

NATIONAL INDUSTRIAL TRAINING AND DEVELOPMENT SUMMIT : FG HARPS ON UNLOCKING FULL POTENTIAL OF NIGERIA’S INDUSTRIAL TRANSFORMATION .

  The Federal Government has inaugurated seven planning committees for the forthcoming National Industrial Manpower Summit.   Inaugurating the Committees in Abuja, the Minister of State for...

NCC Mandates Service Providers to Inform Consumers about Major Outages on Networks, Launches Portal.

  The Nigerian Communications Commission (NCC) has mandated telecom licensees in Nigeria to inform consumers of major service outages on their networks through media channels,...

Most Popular

DIPHTHERIA OUTBREAK – I N IMO STATE.

The Imo State Commissioner for Primary and Secondary Education, Professor B. T. O. Ikegwuoha, has announced an urgent school closure following a confirmed outbreak...

NAF DELIVERS DEVASTATING BLOW TO BOKO HARAM IN PRECISION OVERNIGHT AIR STRIKES IN SUPPORT OF GROUND TROOPS

  The Nigerian Air Force (NAF), through the Air Component of Operation Hadin Kai,  says it has recorded a major operational success against Boko Haram...

NEPZA, PUBLIC ACCOUNT CTTEE TO ENFORCE REGULATIONS ON FTZs BUSINESSES..

The Nigeria Export Processing Zones Authority (NEPZA) and the House Committee on Public Account have resolved to strictly activate their regulations on Free Trade...

NATIONAL INDUSTRIAL TRAINING AND DEVELOPMENT SUMMIT : FG HARPS ON UNLOCKING FULL POTENTIAL OF NIGERIA’S INDUSTRIAL TRANSFORMATION .

  The Federal Government has inaugurated seven planning committees for the forthcoming National Industrial Manpower Summit.   Inaugurating the Committees in Abuja, the Minister of State for...

Recent Comments