BREAKING: CBN directs banks to collect old N500, N1,000 notes - Uju Ayalogu's Blog for News, Reviews, Articles and More

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Friday 17 February 2023

BREAKING: CBN directs banks to collect old N500, N1,000 notes

BREAKING: CBN directs banks to collect old N500, N1,000 notes


The Central Bank of Nigeria (CBN) has directed banks to collect the old N500 and N1,000 notes from members of the public.


It, however, pegged the maximum amount the banks can collect at N500,000.


Osita Nwanisobi, director of the apex bank’s corporate communications department, confirmed the development to TheCable on Friday, saying “It’s just for amounts N500,000 and below.”


More to follow…


READ ALSO:  Femi Adesina: Obasanjo commends Buhari on naira redesign, says ‘resistance to change is normal’


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