- President Buhari has announced that the old 1,000 and 5000 naira notes are no longer lender tender and wants Nigerians to return them to the CBN
- Nigerians who still have the old N500 and N1000 notes will not be able to pay them into their accounts through commercial banks, only with the CBN
- As a result, the CBN has launched a portal for Nigerians to return the old N500 and N1000 notes
The Central Bank has officially launched a portal through which Nigerians can return their old N500 and N1,000 notes.
This comes as President Muhammdu Buhari, on Thursday, February 16, 2023, announced on a live broadcast that the old 500 and 1000 notes are no longer tender.
