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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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Pastor Giwa Says Only Atiku and Obi Can Defeat Tinubu in 2027 Election

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The Senior Pastor of The Second Coming of Christ Ministry, Adewale Giwa, has shared his thoughts on the 2027 presidential election, saying that only a joint ticket of Atiku Abubakar and Peter Obi under the African Democratic Congress (ADC) can truly challenge and defeat President Bola Tinubu.

Pastor Giwa believes that for the opposition to have a real shot, Peter Obi must be willing to step down and support Atiku as the presidential candidate of the coalition. He argued that while Obi has strong backing in the Southeast, Atiku has a broader reach across the country, especially in the North.

“In my view, if Obi insists on being the flagbearer, the coalition will lose,” he said. “But if he steps down for Atiku, the chances of defeating Tinubu become real. Only an Atiku-Obi ticket can shake the ruling party.” Giwa further explained that a Southeasterner like Obi wouldn’t get enough national support to win on his own, as he believes both the North and parts of the South are still not ready to back a candidate from that region.

He added that Atiku, if elected, would be more likely to hand over power to the Southeast in the future, describing him as more politically stable and nationally accepted. “Obi knows the reality on ground,” Giwa said. “He saw what happened in the last election. If he wasn’t open to stepping down, he wouldn’t have joined the coalition. He understands Atiku is more popular and politically experienced.”

According to him, if both men come together with the right understanding, they could form a strong ticket that resonates across the country and offers a real alternative in 2027.

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Lagos States to Shut Down Roads on Saturday for Local Government Elections

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Lagos State will be on a full lockdown this Saturday, July 12, 2025, as the state prepares for its local government elections. According to the Lagos State Police Command, no vehicle movement will be allowed across the state from 3am to 3pm on that day. Moreover, this 12-hour restriction covers all roads and waterways within the state and is aimed at ensuring safety and order during the election.

All private and commercial vehicles are expected to stay off the roads. Also, security convoys, state security outfits, and any group using escorts, sirens, or hidden number plates won’t be allowed to move around. The police says that only specific security teams approved for the election will be on duty that day.

Those involved in essential services like medical emergencies, fire response, and rescue operations will be allowed to move around, along with:

  • Officials of LASIEC (Lagos State Independent Electoral Commission)
  • Accredited journalists covering the election
  • Certified election observers

However, everyone in this category must be properly identified. If you’re not wearing a valid LASIEC-issued tag, you won’t be allowed through, no matter your role.

In addition, the police have issued a strong warning to anyone planning to disrupt the process. Miscreants, political thugs, and anyone planning to cause confusion near polling units or collation centers will be dealt with. Additionally, officers have been deployed to monitor hotspots and respond swiftly to any trouble.

Finally, residents are advised to stay alert and report anything suspicious. Ilf you notice any unusual behavior or individuals acting strangely, you can contact the police using these numbers:

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  • 08063299264
  • 08065154338

 

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Yul Edochie Tells Tinubu to Fix Nigeria First Before Thinking of 2027 Elections

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Nollywood star Yul Edochie has urged President Bola Tinubu to stay focused on fixing Nigeria’s current problems instead of getting caught up in early talks about the 2027 elections. In a message shared on Instagram, Yul, who has openly supported Tinubu in the past, said Nigerians are dealing with serious struggles, especially the rising cost of living and growing insecurity.

He wrote directly to the president, asking him not to be distracted by political noise: “We’re still in 2025. People are suffering. The focus should be on reducing hardship and restoring security. These are the real issues.” He ended his post with a prayer for Tinubu’s leadership, hoping he stays guided through the challenges ahead.


 

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