Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

CBN Says Old Naira Notes Not Legal Tender Despite an obvious scarcity of new naira notes, the Central Bank of Nigeria (CBN) has declared that the old N200, N500 and N1000 have ceased being legal tender since February 10, 2023. Godwin Emefiele-led CBN has thrown Nigerians into shades as new naira design policy somersaults. After it shifted its initial deadline from January 31 to February 10 to swap old notes, local banks in Nigeria have been under pressure to meet daily demand by Nigerians. The CBN also said it did not envisage the ongoing pressures. However, the apex bank insists…

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