The Central Bank of Nigeria has reversed itself as it ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It, however, pegged the maximum amount the banks can collect at N500,000. The CBN maintained that the old currencies were no more legal tender. A source from the…
By Oludayo Tade After two weeks of protests over the inability of Nigerians to withdraw and access cash in banks, President Muhammadu Buhari has reviewed the implementation of the naira redesign policy. From now till April 10, 2023, the old ₦200 note is to be recirculated into the economy as legal tender alongside the new…
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