CBN dismisses rumour on planned withdrawal of new Naira notes

The Central Bank of Nigeria (CBN) has dismissed a report on the planned phase-out of the new Naira notes from circulation.

The Acting Director of Corporate Communications for CBN, Isa AbdulMumin, made the clarification in a statement on Sunday in Abuja.

He was reacting to a claim on social media that the apex bank was contemplating the withdrawal of the new N1,000 N500 and N200 banknotes from circulation.