The nationwide broadcast by President Muhammadu Buhari has added to the confusion Nigerians are currently battling, regarding the legal status of the old N200, N500 and N1,000 notes.
The uncertainty surrounding the legal status of the higher denominations of the Naira notes began with the redesign of the Naira notes in October 2022.
It was released in December last year, with the Central Bank of Nigeria (CBN) giving a two-month timeframe for the old currencies to cease being legal.
NigeriaDNA is a Direct News source that delivers the latest news, buzz, and stories from some of Nigeria’s most popular and trusted news websites. NigeriaDNA facilitates this by publishing headlines linking to breaking news and curated snippets from a diverse range of Nigerian credible, independent, and public-interest news sources. Our editors make it easy for Nigerians abroad and diaspora to discover top news stories in real-time as they're posted and directly linked to Nigeria's authoritative News Sources.
© 2025 All Rights Reserved | Curated and Powered by Nigeria DNA
