German embassy to stop accepting old banknotes from Nigerians 22 days before deadline

The date posted is 22 days earlier than the 31st January deadline announced by Central Bank of Nigeria that the old notes will continue to be a legal tender.

CBN in a message to Nigerians had asked Nigerians to return all old 200, 500 and 1000 notes before the deadline as it won’t be extended.

However, Ripples Nigeria’s findings revealed that commercial banks are rationing the new naira notes they have received from the CBN as many customers are keen to hold the redesigned notes.

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