BREAKING: CBN orders banks to collect old naira notes, sets limit
The Central bank of Nigeria (CBN) has order commercial banks in the country to start accepting old naira notes.
It, however, pegged the maximum amount the banks can collect at N500,000
The CBN maintained that the old currencies were no more legal tender
Osita Nwanisobi. Director, Corporate Communications confirmed this to Ripples Nigeria and added that any money above N500,000 should be deposited in CBN branches.
