Finance
New Update on CBN policy for new Naira notes dispensation and old Naira notes submition to Banks
The Central Bank of Nigeria (CBN) has clarified the position of the apex bank chief, Godwin Emefiele, that old N200, N500 and N1,000 will still be accepted after the February 10, 2023 fresh deadline.
The Central Bank of Nigeria has also now directed banks to begin payment of naira notes across the counter to the limit of 20,000 naira daily to decongest queues at ATMs across the country effective immediately.
The bank issued the statement on Thursday, February 2, 2023 via its Director of Communications, Osita Nwanisiobi.
They also vowed to prosecute sellers and abusers of the new naira notes.
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