The Central Bank of Nigeria (CBN, is set to release all N1,000, N500, and N200 notes in its custody to deposit money banks.A source at the CBN disclosed this to the Naijacrawl on Wednesday.According to him, the apex bank has concluded plans to disburse old notes to Deposit Money Banks across the country starting from Thursday (today).He added that the development would end the two-month-long Naira scarcity in Nigeria.This comes on the heels of the Nigeria Labour Con...

After several criticism from different quarters, the Central Bank of Nigeria (CBN) on Monday Night said old N200, N500, and N1,000 banknotes remain legal tender Till December 31, 2023.The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin stated this in a statement on Monday.“In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhamma...

The Central Bank of Nigeria has cleared the air by directing commercial banks to dispense and accept the deposit of old Naira notes amid the raging currency crisis.Dr. Isa Abdulmumin, Acting Director of Corporate Communication at the CBN, in an exclusive chat with The Daily Post on Monday, clarified that there is no statement from the apex bank telling commercial banks to dispense and accept the old N500 and N1000 notes from Nigerians.Abdulmumin was reacting to a st...