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.

As previously published by Felix Omoko Blog , the Central Bank of Nigeria (CBN) has fixed February 17 as deadline for collection of old bank notes from the public as the use of the old notes are no longer legal tender.

The Central Bank of Nigeria, CBN has made it clear to all Nigerians that with effect from February 10, the old bank notes of N200, N500 and N1000 are not legal tender, despite the Apex court ruling.

The Central of Nigeria, CBN has fixed 31 January, 2023 as the deadline for the use of the old N200, N500 and N1000 bank notes. 

The Central Bank of Nigeria, CBN has released the security features on the new N1000, N500 and N200 banknotes to enable the public identified major securities features embedded in the new currency notes.

The Central Bank of Nigeria, CBN bas introduced cash withdrawal limit of N20,000 daily and N100,000 weekly for individual and corporate organisations.

  Senator Dino Melaye has called on President Muhammadu Buhari to take urgent and drastic measures, including the immediate sack of three prominent members of his Economic Team as the solution-precedent to reboot the ailing economy.

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).‎