Home National BREAKING: Buhari directs CBN to allow old N200 notes remain legal tender...

BREAKING: Buhari directs CBN to allow old N200 notes remain legal tender till April 10

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President Muhammadu Buhari said he has directed the Central Bank of Nigeria (CBN) to allow the old N200 notes to remain legal tenders till April 10, 2023.

He revealed this on Thursday morning during a nationwide broadcast to address the scarcity of naira notes in the country.

The president stated that the CBN is to re-introduce the old N200 notes to circulate alongside the new N500 and N1,000 notes from February 10 till April 10, 2023.

He recalled that he granted approval for the redesign of the N200, N500, and N1,000 notes in the third quarter of 2022, and called on Nigerians to see the need to restore the statutory role of the CBN to have firm control of naira notes in circulation.

He also lamented the acts of unscrupulous banking officials which had created hardship for innocent Nigerians seeking to collect the new naira notes.

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