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Old N200, N500, and N1000 notes will cease to be legal tender from January 1, 2025; House of Reps urges CBN to withdraw them and issue more new naira notes before December 31.

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Nigerian Lawmakers Ask Central Bank To Withdraw Old Naira Notes, Release Sufficient New Notes

Contributing to the discussion, the Labour Party lawmaker recounted the hardship, frustration, controversy and chaotic situation the implementation of the policy earlier caused in 2023.

 

The House of Representatives has urged the Central Bank of Nigeria (CBN) to ensure wide circulation of new notes of N200, N500 and N1000 as well as begin a gradual withdrawal of the old notes from circulation.

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