CBN on old naira notes

The Central Bank of Nigeria (CBN) Tuesday said it has not issued a fresh directive to commercial banks on last Friday's judgment of the Supreme Court ...

Also, an official of Zenith Bank who preferred anonymity said the branch had "received orders to begin dispensing old notes to our customers." Zenith Bank branch in Festac Town paid the old notes to customers over the counter. "The naira redesign policy has shrunk the economy by over a trillion in business losses. Daily Trust reports that there was confusion among commercial banks and business operators following the non-issuance of a directive by the CBN on receiving the old N500 and N1000 notes. The CBN at least still needs to address Nigerians. Nigerians should not reject any note, whether old or new."

The Central Bank of Nigeria has commented on banks resuming the payment of old naira notes as customers continue to reject them and wait for orders from ...

He or CBN has to do the same thing for the old N500 and N1,000 notes before I will start accepting them." “The government should make a pronouncement. “There should not be confusion. [business](https://www.legit.ng/business-economy/) transactions. Nigerians should not reject any note, whether old or new.” [reported](https://www.legit.ng/business-economy/money/1523694-reports-nigerian-banks-payment-naira-notes-customers-set-limits/) that commercial banks began dispensing the old N500 and N1000 Naira notes.

By John Ikani The Central Bank of Nigeria (CBN) on Tuesday, said it has not given commercial banks a new directive on last Friday's Supreme Court ruling ...

The CBN’s failure to issue a directive on receiving old N500 and N1,000 notes has caused confusion among commercial banks and business operators. The Supreme Court had ruled that President Muhammadu Buhari’s directive to the CBN for the redesigning and withdrawal of old N200, N500, and N1,000 notes without proper consultation was unconstitutional. The Central Bank of Nigeria (CBN) on Tuesday, said it has not given commercial banks a new directive on last Friday’s Supreme Court ruling that ordered the circulation of both old and new naira notes until December 31st.

IN what appears to be an in-house resolve to comply with the Supreme Court ruling of March 3, nullifying the Federal Government's naira redesign policy, ...

“We do not even have the old N500 and N1,000 notes to issue if the CBN gives the order now. He's the ICIR Reporter of the Year 2022. They often claim they are unsure if people will collect the old notes from them.” He has yet to spend the money six days after he has been trying to transact with the notes. She could not spend the notes because people refused to collect them. We are talking about the Supreme Court, not just any court.

Several Nigerian banks have reportedly begun paying customers old denominations of the naira, such as ₦500 and ₦1,000 notes, even loading automated teller ...

[Nigeria](https://nnn.ng/tag/nigeria/)n banks have reportedly begun paying customers old denominations of the naira, such as ₦500 and ₦1,000 notes, even loading automated teller machines (ATMs) with them. [](https://nnn.ng/hausa/#=punch hausa) [](https://nnn.ng/i/#=website shortner) [Central Bank of Nigeria](https://nnn.ng/cbn-spokesperson-encourages-nigerians-to-accept-old-naira-notes/#Central Bank of Nigeria)