Emefiele Direct Banks to Dispense Old N200 Notes

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The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has directed 15 bank executives to make the old 200 naira notes available from today.

Emefiele disclosed this after a meeting with President Muhammadu Buhari and the House of Representatives Special Ad Hoc Committee on Naira Redesign Policy, Cashless Policy, and Currency Swap.

He appealed to Nigerians to allow the policy to work because it will bring advancement to the nation’s economy.

The Governor assured that the apex bank will continue to work to ease the sufferings of Nigerians owing to the cash crunch.

Written by: Helen Obih

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CBN Creates Portal for Old naira Deposit

The Central Bank of Nigeria, CBN, has created a portal for the deposit of old naira notes. According to the CBN, Nigerians can redeem their old N1,000, N500, notes by completing an online form. The apex bank provided a link to the portal to enable the masses deposit old notes in their possession.  

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