CBN denies directing Banks to receive old N500, N1000 notes. - NEWS FRONTIER DAILY

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    Tuesday, February 21, 2023

    Home News CBN denies directing Banks to receive old N500, N1000 notes.

    CBN denies directing Banks to receive old N500, N1000 notes.





    The Central Bank of Nigeria ( CBN) has denied reports that it directed Deposit Money Banks (DMBs) to receive old N500, N1000 notes from their customers. 

    According to the Director,  Corporate Communications,  Mr. Osita Nwanisobi,  media reports that the apex bank has given such a directive was fake.

    He clarified that only old N200 notes has been directed by President Muhammadu Buhari to be re-issued and that the CBN would stick to that directive.


    Details later...


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    NEWSFRONTIER is a product of a dedicated and seasoned Journalist who has cut his teeth in the Media industry. The Publisher was once a teacher, and a public commentator. He was well grounded in community journalism. He had edited many Newspapers both local and international. The focus of NEWSFRONTIER is to inform, educate, entertain and above all be source of credible news source for the opinion moulders and the general public. We are assuring all our readers/audience that we are going to be objective, concise, and be guided by our conscience by looking at every information and data from all angles. Journalism is evolving daily, we will move with time, but not be swayed with tide.