Home / Naija Gist / Metro life / Highlights of the announcement made by CBN today.
naira

Highlights of the announcement made by CBN today.

  1. CBN will change the current ₦200, ₦500 and ₦1,000 currency denominations to a new currency.
  2. Everyone should start paying the old currency notes into the bank effective immediately.
  3. The new currency notes will go into circulation on December 15th, 2022.
  4. Collection of the old notes will stop on January 31st, 2023.
  5. The old notes would stop being a legal tender by January 31st, 2023.
  6. Banks are advised to keep all their deposit centres open from Monday to Saturday going forward for collections

About AbubakarMuhd

Viral Video

Support Ooduarere

SUPPORT OODUARERE
Scan QR code below to Donate Bitcoin to Ooduarere
Bitcoin address:
1FN2hvx5tGG7PisyzzDoypdX37TeWa9uwb
x

Check Also

sahel

The Sahel Revolution: Real Decolonisation!

People throw about the term ‘decolonisation’ left, right and centre. University campuses say they’re decolonising curriculums, and corporations – the workplace. But true decolonisation is a question of land, sovereignty and self-determination. Today, three countries in Africa – Burkina Faso, Mali, and Niger – have taken revolutionary steps towards achieving just that. They have booted out Western troops stationed on their territories and torn up exploitative contracts with multinationals. Now the trio is pushing ahead with building nuclear power plants, ...