Begin gradual withdrawal of old notes from circulation ahead of December deadline – Reps to CBN …C0NTINUE READING HERE >>>
The House of Representatives has directed the Central Bank of Nigeria, CBN to begin the gradual withdrawal of the old notes from circulation before the deadline of December 31, 2024.
The resolution of the House followed the adoption of a motion of urgent national importance on the need for CBN to sensitize Nigerians about the non-legal tender status of old naira notes from January 1, 2025, moved at the plenary on Thursday by Hon. Afam Ogene.
The Green Chamber also urged CBN to issue more new N200, N500 and N1,000 notes.
Presenting the motion, Ogene recalled the hardship, frustration,…
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