The Central Bank of Nigeria, CBN has made it clear that the old bank notes of N200, N500 and N1000 remain legal tender in compliance with Supreme Court Judgment.

The Central Bank of Nigeria, CBN, has barred nine commercial banks from participating in all foreign exchange transactions and operations. According to the apex bank, the commercial banks were barred following their failure to remit into the Treasury Single Account the sum of $2.12 billion belonging to the nation’s oil corporation, the Nigerian National Petroleum Corporation (NNPC).‎