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CBN Debunks Rumors: “Old Naira Notes to Stay in Circulation Indefinitely”

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The Central Bank of Nigeria (CBN) has recently noticed discussions circulating in public spaces and media.

The claim is that the old series of Naira banknotes, specifically the N200, N500, and N1,000 notes, will no longer be considered legal tender by December 31, 2024.

However, the CBN firmly denies these claims, clarifying that they are incorrect and appear to be aimed at creating unnecessary confusion in the nation’s financial system.

To clarify, the Supreme Court of Nigeria, in its ruling on Wednesday, November 29, 2023, accepted the Attorney-General of the Federation and Minister of Justice’s plea to extend the validity of the old Naira notes indefinitely.

This decision reinforces the continued use of the older series of banknotes, which remain fully valid for transactions.

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Furthermore, the CBN has instructed all its branches nationwide to continue issuing and accepting all denominations of Naira banknotes.

This directive applies to every deposit money bank (DMB) operating in Nigeria, ensuring that the older notes remain in full circulation alongside the redesigned ones.

Consequently, all CBN-issued notes, including the N200, N500, and N1,000 denominations in both old and redesigned forms, remain legal tender indefinitely.

“We encourage Nigerians to disregard claims that suggest the old banknotes will lose their status as legal tender by any particular date.

The public should feel confident in using all Naira banknotes for everyday transactions.

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It’s also essential that everyone treats these banknotes with care to maintain their longevity and quality.” CBN releases.

“In addition to this, we urge Nigerians to consider adopting alternative, more modern methods of payment, such as electronic channels, to help ease the demand for physical cash transactions.”

Embracing these digital payment systems can offer greater convenience and reduce the need for handling physical money.

In short, Nigerians are encouraged to continue using and accepting all forms of Naira banknotes without concern for any impending deadline.

“CBN remains committed to ensuring the stability of the country’s payment system and facilitating smooth transactions across Nigeria.”

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Chimamanda Adichie Tells Women not to Rush Marriage but Choose Right

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Famous Nigerian author Chimamanda Ngozi Adichie has advised young women to be intentional when choosing who they marry.

Speaking at the Dream Count event, Adichie pointed out how much a life partner can influence a woman’s journey. She urged women not to rush into marriage out of pressure or desperation, adding that choosing the wrong person can affect one’s life for years.

She also encouraged women to find fulfilment in themselves, no matter their passion or path. “It’s really important for a woman to have her own thing, something that brings her fulfilment, no matter what it is,” Adichie said.

She continued, “Be careful who you choose. Sometimes, deep down, you know the person you’re with isn’t good for you, but because you’re eager to settle down, you ignore the signs. Don’t settle. The person you marry plays a huge role in how your life turns out. If you choose someone who is kind and supportive, it changes everything. There are good men out there.”


 

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Amaechi Says Buhari Performed Better Than Tinubu

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Former Minister of Transportation, Rotimi Amaechi, believes that despite his shortcomings, former President Muhammadu Buhari performed better than the current administration under President Bola Tinubu.

Speaking during an interview on Channels Television’s Politics Today, Amaechi admitted Buhari didn’t achieve everything he set out to do, but insisted that things were still better under his leadership compared to now. “Buhari will be the first to tell you he didn’t accomplish all his plans, but by every standard, his government outperformed this one,” Amaechi said.

The former Rivers State governor pointed to areas like security and the independence of institutions, especially the electoral commission, as key areas where Buhari did better. “In terms of security, Buhari placed more focus there. When it comes to the independence of INEC, there was far more freedom under Buhari than we’re seeing now,” he added.

Amaechi also criticised the current state of politics, claiming that new political parties can’t even get registered because of interference from government officials. He made it clear that his comments are not personal, saying he would have been the first to commend President Tinubu if things were going well.


 

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Amaechi Says It’s Time for a Southern President to Rule Nigeriar

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Former Transportation Minister Rotimi Amaechi has maintained that Nigeria’s next president should come from the South. Speaking on Channels Television’s Politics Today, Amaechi stressed that while power should shift to the South, competence and character must be the key factors in choosing leaders, not just regional sentiment.

He pointed out that the coming elections won’t just be about political parties but will be a fight between everyday Nigerians and the political class. In his words, “Nigeria belongs to everyone. We can’t keep running a system where one region holds all the power and others are sidelined. There are capable leaders in the South. It’s time to restore balance and deliver real results.”

Amaechi added that the elections should not be based on blind party loyalty, saying, “This is about Nigerians taking a stand against the political elite. If we truly want change, now is the time to act.” He believes the South is prepared to take the lead, promising a platform that gives every Nigerian a voice and renewed hope.


 

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