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CBN ask banks to collect N500 – N1000 old notes

BREAKING: CBN makes U-turn, ask banks to collect N500, N1000 old notes

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…

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