CBN: Old Naira Notes Still Legal Tender

The Central Bank of Nigeria issued a clarification confirming that old naira notes remain valid for everyday transactions. The advisory urged banks, merchants, and the public to accept the notes while phase-in timelines are implemented. Customers experiencing refusal at point of sale were asked to report incidents to their banks and the CBN. The clarification aims to ease confusion, protect consumers, and stabilise cash-based commerce nationwide.