CBN Says No  presidential orders to reissue old Naira notes

CBN Says No  presidential orders to reissue old Naira notes

Zainab Tanimu

Kaduna, Northwest, Nigeria

The Central Bank of Nigeria (CBN) has denied the news making the rounds on some social media that the CBN has received presidential order to reissue the old N200, N500 and N1000 naira notes.

It considers it as fake news and that the public should disregard the purported press release.

The press release reads: “Due to the current and unpleasant situation happening in Nigeria, in line with Mr. President after having a close meeting with him on 20th February 2023, Central Bank of Nigeria has been directed to ONLY reissue and recirculate the old N200, N500 and N1000 banknotes and this is expected to circulate as legal tender for 70 days up to May 1, 2023…”

The Director, Corporate Communication of the apex bank, Osita Nwanisobi says, ‘It is fake news’.