Recently, rumors spread that Nigeria’s Central Bank (CBN) was setting a December 2024 deadline for accepting the old 200 and 500 naira notes. However, the CBN has swiftly debunked this claim, affirming that no such deadline exists.
The false information caused some worry among Nigerians, especially those still using or holding the older naira denominations. CBN clarified that these notes remain valid and legal tender, and there are no restrictions on their use. This reassurance aims to prevent panic or unnecessary rush to exchange these notes.
In light of this, the CBN has urged the public to stay informed through its official channels. Verifying such information helps prevent the spread of misinformation, ensuring that citizens continue using the currency without concerns about its validity
