currency circulation

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

Cash Scarcity: Nigerians Can Now Report Empty ATMs, Banks To CBN – See How

Dec 4, 2024. by Praise Ben

In a bid to ensure seamless access to cash through Over-the-Counter (OTC) transactions and Automated Teller Machines (ATMs), the Central Bank of Nigeria (CBN) has released a nationwide directory for reporting instances of cash unavailability. The directive, effective from December 1, 2024, aims to improve currency circulation and address challenges affecting cash availability. EDITOR’S PICKS … Read more