CBN old naira notes

Gov. Bello Matawalle of Zamfara said the Central Bank of Nigeria (CBN)'s compliance with the Supreme Court Order on old currency notes was a victory for ...

31. AbdulMumin said that the new CBN directive was in compliance with an established tradition of obedience to court orders and sustenance of the rule of law principle that characterised the Buhari government. Bello Matawalle of Zamfara said the Central Bank of Nigeria (CBN)’s compliance with the Supreme Court Order on old currency notes was a victory for Nigerians.

Governor Bello Mohammed Matawalle of Zamfara State has described the recent Supreme Court verdict on old currency notes and subsequent compliance by the.

He commended President Muhammadu Buhari for distancing his administration from any attempt to disrespect the verdict of the Supreme Court on the issue. The Governor said that the Court judgement, which culminated in the reversal of the earlier Central Bank of Nigeria, CBN, rash implementation of the cashless policy, is for the good of the country’s micro economy and for the wellbeing of the common man. Governor Bello Mohammed Matawalle of Zamfara State has described the recent Supreme Court verdict on old currency notes and subsequent compliance by the Central Bank of Nigeria, CBN, as a victory for all Nigerians.

After the Central bank of Nigeria(CBN) gave a directive about old N200, N500, and N1,000 banknotes as legal tender, commercial bank.

A twitter user, Chisom @GodsgiftChisom said in a tweet “My mom’s friend was paid her salary and she went to the atm to withdraw, but it gave her old notes. They stated that old notes were given to customers, but the customers were not accepting them. “At an ATM queue this morning and the conversations here are just wild.

A popular commercial bank, Unity Bank Plc has started obeying the order of the Central Bank of Nigeria, CBN, which mandates all commercial banks to accept.

“Accordingly, the CBN met with the Bankers’ Committee and has directed that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till December 31, 2023. The Central Bank of Nigeria (CBN) has declared the old naira notes N200, N500 and N1000 legal tender until December 31, 2023. President Muhammadu Buhari has said that the Central Bank of Nigeria (CBN) does not need his order before it would obey the judgement of the Supreme Court.

By Olaolu Fawole The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023.

Residents of Ilorin, Kwara State capital on Tuesday reacted variously to the Monday directive of the Central Bank of Nigeria (CBN) asking commercial banks.

A retired civil servant, Shola Adeshina, who also described the announcement as a positive development, urged banks to make the old naira notes available if there are not enough new notes for circulation. Musa Ayinla, a lawyer told DAILY POST the situation will improve if commercial banks dispense enough of the old notes to cushion the effects of the hardship Nigerians have gone through over the naira scarcity. While the majority of the residents described the directive as a good development, others said it will only impact positively if effective and vigorous sensitisation and public enlightenment campaigns are carried out by the CBN to restore the confidence of the people who have been traumatized by the naira crisis.

Frustrated Nigerians seeking reprieve rushed to banks on Tuesday to withdraw cash after the Central Bank of Nigeria (CBN) ordered lenders to dispense the ...

Failed transactions arising from poor networks remain a major source of challenge to the cashless policy,” he said. “We are all relieved with this clarity and hope the banks have enough of the old notes to recirculate.” “We are collecting the old notes now. At the Zenith Bank head office in Maitama, Abuja, Anthony, another resident, said there was a long queue of customers waiting for cash. “Nigerians have suffered needlessly owing to the silence of CBN. A Twitter user, with the handle @MaryAkinola, said: “I don’t think everything is going back to “normal” anytime soon because queue at Gtbank this morning is reaching 510 in number and they are only giving 4k old notes via the counter.

Kaduna residents have expressed relief following the Central Bank of Nigeria's directive to commercial banks to start issuing and accepting old Naira.

Former Director, Central Bank of Nigeria, Dr. Shuaibu Ekpa, expressed relief over the order for the use of old Naira notes. Kaduna residents have expressed relief following the Central Bank of Nigeria’s directive to commercial banks to start issuing and accepting old Naira notes.

Di presidency don tok say President Buhari no react to di Supreme Court judgement on di issue of di N500 and N1,000 old currency notes,.

E follow tok say statistics show say ova 80 percent of currency wey dey for circulation dey outside di vaults of commercial banks. He also say old N500 and N1,000 banknotes don cease to be legal tender for Nigeria. Buhari no do anything knowingly and deliberately to interfere wit or obstruct di administration of justice. Di statement tok Di policy cause kata-kata for many parts of di kontri as some banks dey hide di new naira notes and customers no see both new and old naira notes collect for counter and ATMs. Di presidency don tok say President Buhari no react to di Supreme Court judgement on di issue of di N500 and N1,000 old currency notes,