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CBN directs banks to receive, dispense old naira notes 500-and-1000

The Central Bank of Nigeria has directed commercial banks to dispense and receive old naira notes as legal tender across the country. The CBN gave the directive at a Bankers’ Committee meeting held on Sunday, according to a statement by the Acting Director, CBN Corporate Communications, Isa AbdulMumin, on Monday. This is coming hours after the Presidency Monday evening said …

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Gov. Adeleke decries rejection of old notes, asks CBN to call banks to order

Osun State Governor, Ademola Adeleke has decried the plight of the state residents over banks’ refusal to accept old naira notes even after dispensing the old currency. He called on the Central Bank of Nigeria (CBN), particularly the state Director to call the commercial banks to order to put an end to the agonising situation. In a statement issued on …

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