UPDATED: Only CBN, not Banks, will be able to accept old naira after deadline, ‘Subject To Certain Conditions’
The Central Bank of Nigeria (CBN) has clarified it’s position on the legal status of the old series of the N1,000, N500, N200 banknotes after the February 10 deadline for depositing the affected banknotes. The Director, Corporate Communication Department of the CBN, Mr Osita Nwanisobi, while speaking with newsmen on Tuesday in Abuja, explained that … [Read more…]