CBN Denies Plans to Phase Out Old Naira Notes, Reaffirms Supreme Court Ruling
The Central Bank of Nigeria (CBN) has dismissed claims that old naira notes will cease to be legal tender by the end of December 2024. This clarification was issued in a December 2024 update published on the CBN’s official website. The Nigerian government introduced redesigned naira notes on December 15, 2022, intending to phase out…