The Central Bank of Nigeria (CBN) has reiterated that all versions of the naira, including the old and new designs of ₦1000, ₦500, and ₦200 denominations, as well as the commemorative and previous designs of the ₦100 denomination, remain valid and continue to be legal tender without any deadline.
The CBN, in a statement signed by its Acting Director, Corporate Communications, Mrs Sidi Ali Hakama, noted that the reiteration is to address misinformation regarding the validity of the old ₦1000, ₦500, and ₦200 banknotes currently in circulation.
The apex bank advised the public to disregard any claims that the old series of the aforementioned banknotes will cease to be legal tender on December 31, 2024.
The statement reads, “The Central Bank of Nigeria (CBN) has observed the misinformation regarding the validity of the old ₦1000, ₦500, and ₦200 banknotes currently circulating.
