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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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Dunamis to Stop Live Broadcasts as Pastor Enenche Urges Members to Attend Church Physically

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Dr Paul Enenche, the Senior Pastor of Dunamis International Gospel Centre, has declared an end to live broadcasts of church services. Speaking during Sunday’s service, he urged members to make it a priority to attend church physically rather than relying on watching from home.

Referencing Hebrews 10:25, Pastor Enenche stressed the need for believers to gather together in one place, highlighting that the church assembly plays a vital role in spiritual growth. He noted that virtual participation should no longer be encouraged, except for those living abroad who may not have access to a Dunamis branch.

“For many of you used to watching from your living rooms, this might be the last time,” he said, as the church prepares to shut down live streams on platforms like Dunamis TV, YouTube, and Facebook, which previously aired all Sunday and midweek services.


 

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Tinubu Says Boko Haram is Behind Borno Bombing as He Mourns the Victims

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President Bola Tinubu has blamed the recent suicide bombing in Konduga, Borno State, on remaining elements of Boko Haram, saying the attackers now target vulnerable civilians to cause distractions. Deeply upset by the incident, he called on security forces to intensify their operations and completely flush out the insurgents.

In a statement released by his media aide, Bayo Onanuga, Tinubu condemned the attack as cowardly and extended his condolences to the people and government of Borno State. He also directed the National Emergency Management Agency (NEMA) to step in and support the victims and survivors.

The President further expressed sympathy to families affected by Saturday morning’s explosion in Kano, which occurred at a scrap metal yard. The blast injured 15 people and claimed five lives. Tinubu emphasized the need for proper safety standards in workplaces to prevent such tragedies.


 

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Akpabio Says Tinubu Will Win Big in 2027 as Governor Eno will be Re-elected

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Senate President Godswill Akpabio has expressed strong confidence in President Bola Tinubu’s chances of dominating the 2027 presidential election. Speaking at a grand reception in Uyo to welcome Akwa Ibom State Governor Umo Eno into the All Progressives Congress (APC), Akpabio said he believed Tinubu would secure 99.9% of the votes in the upcoming election.

Governor Eno recently left the Peoples Democratic Party (PDP) for the APC, blaming unresolved leadership issues within his former party for the switch. Akpabio, addressing the crowd, praised Eno’s political journey, noting how difficult it was for him to become governor. But he assured him that with his new political alignment, things would take a different turn.

He boldly predicted that Eno would become the first governor in the state’s history to be re-elected in 2027, adding that both the governor and President Tinubu were in for a smooth political ride moving forward.


 

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