The Central Bank of Nigeria (CBN), on Tuesday announced that the use of the old N200, N500 and N1,000 banknotes would be extended indefinitely.
The CBN in a statement said the decision to extend the deadline for the denominations was made “in line with international best practices and to forestall a repeat of earlier experiences.”
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The apex bank added that it is collaborating with the relevant authorities to to endure that a subsisting court ruling on the same subject is vacated.
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The apex bank added that it is collaborating with the relevant authorities to to endure that a subsisting court ruling on the same subject is vacated.