CBN directs banks to receive, dispense old N500, N1000 notes
The Central Bank of Nigeria on Monday directed commercial banks to dispense and receive old naira notes as legal tender across Nigeria.
A statement by the Acting Director, CBN Corporate Communications, Isa AbdulMumin, said that the CBN gave the directive at a Bankers’ Committee meeting.
The CBN made its position known hours after the presidency said that the CBN had no reason not to comply with the order of the Supreme Court on the naira redesign policy.
Earlier on Monday, a statement by presidential…