₦500

Cash Scarcity: CBN Clears Air on Validity of Old ₦1000, ₦500, ₦200 Notes

Dec 14, 2024. by Ekohot Editor

The Central Bank of Nigeria (CBN) has clarified that all naira banknotes, including the old and new designs of the ₦1000, ₦500, and ₦200 denominations, as well as the commemorative and previous designs of the ₦100 note, remain valid legal tender indefinitely, with no set deadline. EKO HOT BLOG reports that In a statement signed … Read more

Transactions Over ₦500,000 Could Link You to Crime – Police Warn POS Operators

Oct 18, 2024. by Ekohot Editor

The Delta State Police Command has issued a stern warning to point-of-sale (POS) operators about the dangers of processing transactions exceeding ₦500,000. The Command’s Public Relations Officer, SP Bright Edafe, highlighted that such large transactions could implicate operators in criminal activities, particularly kidnappings. In a recent statement, SP Edafe shared the case of a POS … Read more