No More December: CBN Addresses Nigerians on Expiration Date for Old Naira Notes Thursday, November 02, 2023 at 7:49 AM by  Dave Ibemere 

 DECEMBER: OLD NAIRA NOTES NOT EXPIRING AGAIN,SAYS CBN

 The CBN has provided clarification on the expiration date for the old 200, 500 and 1,000 naira notes The Supreme Court in March announced that old naira notes remain a legal tender in Nigeria until December 31, 2023 It is two months to the deadline, and rumours of cash scarcity have resurfaced despite high money supply 

The Central Bank of Nigeria (CBN) has clarified that the old 200, 500, and 1000 naira notes would continue to be legal tender even after December 31, 2023. 

A senior official, who spoke anonymously, assured Nigerians that both old and new banknotes would still be considered legal tender. CBN's new management team has promised to be different from Godwin Emefiele's era.

 Photo credit: CBN Source: UGC Legit.ng reported that in March 2023, following a Supreme Court verdict, the CBN announced that the banknotes would no longer be in circulation after the end of 2023. Read more: https://www.legit.ng/business-economy/money/1561578-cbn-finally-speaks-plans-phase-naira-notes-by-december/