Nigerian House of Reps Orders Withdrawal of Old Naira Notes
The Nigerian House of Representatives has directed the Central Bank of Nigeria (CBN) to ensure that all old naira notes are withdrawn from circulation by January 2025.
This move is part of efforts to stabilize the economy and address issues related to currency management.
The directive urges the CBN to intensify public awareness campaigns to inform Nigerians about the deadline and the need to exchange old notes for new ones before the stipulated time.
This decision is aimed at improving currency regulation and ensuring financial stability.