The Central Bank of Nigeria (CBN) has declared that the old N200, N500 and N1000 have ceased being legal tender since February 10, 2023. CBN…
The Central Bank of Nigeria (CBN) has declared that the old N200, N500 and N1000 have ceased being legal tender since February 10, 2023.
CBN had originally fixed January 31 as deadline for old notes to be in circulation but extended it in response to pressure from Nigerians.
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However, before the February 10 deadline, Kogi, Kaduna and Zamfara States approached the Supreme Court, seeking that the CBN from be restrained going ahead with the deadline.
The Court answered their prayer and adjourned the case till February 15.