Close Menu
    Facebook X (Twitter) Instagram YouTube
    Advertise with us Saturday, July 12
    Facebook X (Twitter) Instagram
    Platform TimesPlatform Times
    VIDEOS
    • Home
    • News
    • Metro
    • Politics
    • Business
    • Education
    • Health
    • Special Reports
    • Entertainment
    • Sports
    • Interview
    Platform TimesPlatform Times
    • Home
    • News
    • Metro
    • Politics
    • Business
    • Education
    • Health
    • Special Reports
    • Entertainment
    • Sports
    • Interview
    Home»Featured

    No Plans To Withdraw New Naira Notes From Circulation,Says CBN

    adminBy adminMay 1, 2023 Featured No Comments2 Mins Read

    Warning: Trying to access array offset on false in /home/platfor3/public_html/wp-content/themes/smart-mag/partials/single/featured.php on line 78
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Central Bank of Nigeria has denied that it is planning to phase out the redesigned naira notes from circulation.

    The CBN Acting Director, Corporate Communications Department, Isa AbdulMumin, said this via a statement issued on Sunday.

    Reacting to a viral report on social media that CBN was contemplating the withdrawal of the recently redesigned N1,000, N500, and N200 banknotes from circulation.

    He said “We wish to emphatically state that such speculation is unfounded and a ploy by some interests to cause panic among members of the public.

    “The new and old currency notes have been circulating side by side.

    “The CBN has been taking delivery of a good quantity of the redesigned banknotes from the Nigeria Security Printing and Minting Company Limited,” he said.

    Abdulmumin noted that the apex bank was committed to supplying the “approved indent” for the smooth running of the economy.

    “We, therefore, urge members of the public to disregard any report suggesting a phase-out of the redesigned currency.

    “For the avoidance of doubt, the redesigned and old notes will continue to be accepted as legal tender.

    “They will circulate side-by-side for transactions ahead of the December 31 deadline, when the old N1,000, N500 and N200 banknotes will eventually be phases out,” the CBN official added.

    Pelican Valley'
    Cattle Bizness Network'
    The Rehla'
    Pelican Valley'

    Do you want to share a story with us? Do you want to advertise with us? Do you need publicity for a product, service, or event? Contact us on WhatsApp +2348183319097 Email: platformtimes@gmail.com

    We are committed to impactful investigative journalism for human interest and social justice. Your donation will help us tell more stories. Kindly donate any amount HERE

    Pelican Valley
    admin
    • Website

    Platform Times is a trailblazing news website that empowers grassroots communities across Africa by delivering the latest news through engaging multimedia content. By leveraging photos, text, and videos, the site inspires concerned citizens and activists worldwide to take action against critical issues, including corruption, poverty, environmental degradation, and democratic disregard.

    Keep Reading

    NNPC Considers Selling Refineries After $18bn Failures

    ‘Rat Invasion’ Was Fake News to Distract Nigerians — Shehu Confesses

    Two Chinese Firms Owe FG Over ₦15bn In VAT — Reps Committee Alleges

    How Adoke Stopped Jonathan From Removing Me As Borno Gov Over Insecurity – VP Shettima

    Lagos LG Polls: Civil Society Groups Raise Alarm Over Irregularities, Demand Transparency

    2027 Polls: I’m No Longer Partisan, Says Tanko Yakasai

    Add A Comment

    Comments are closed.

    The Rehla
    The Rehla
    The Rehla
    Pelican Valley
    Pelican Valley
    Pelican Valley
    Advertisement
    Advertisement
    Advertisement
    Advertisement
    Cattle Bizness Network
    Cattle Bizness Network
    Cattle Bizness Network
    Pelican Valley
    Pelican Valley
    Pelican Valley

    Platform Times is a trailblazing news website that empowers grassroots communities across Africa by delivering the latest news through engaging multimedia content. By leveraging photos, text, and videos, the site inspires concerned citizens and activists worldwide to take action against critical issues, including corruption, poverty, environmental degradation, and democratic disregard.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube
    • About Us
    • Advertise
    • Contact Us
    • Disclaimer
    • Download Platform Times app

    Subscribe to Updates

    Get the latest update news

    Facebook X (Twitter) Instagram Pinterest
    • About Us
    • Advertise
    • Contact Us
    • Disclaimer
    • Download Platform Times app
    © 2025, All Rights Reserved | Platform Times Newspaper | Powered By CyberWarrior

    Type above and press Enter to search. Press Esc to cancel.