Nigerians reject old naira notes, await CBN

Nigerian banks on Tuesday started dispensing old N500 and N1,000 notes to their customers but some traders and transporters were rejecting them, saying they needed to hear from the Central Bank of Nigeria (CBN) or President Muhammadu Buhari.

The Supreme Court had on Friday ruled that the old N500 and N1,000 notes should remain legal tender till December 31, 2023.