BREAKING : Buhari approves continued use of old N200 notes only 

Date:

 

From Abubakar Yunusa, ABUJA

 

President Muhamamdu Buhari has approved the continued use of the old N200 notes.

 

According to him,The old N200 notes will co-exist with the new N200 notes.

 

Mr Buhari stated this in a national broadcast Thursday morning.

 

He, however, did not allow the continued use of the old N500 and N1,000 notes, only saying the CBN would continue to accept them.

 

It is not clear if the new directive will reduce the naira scarcity being experienced by Nigerians.

 

However, the old N200 notes will remain valid for the next 60 days, Mr Buhari said.

READ MORE  BREAKING: Kano governor orders arrest of deposed Emir, Aminu Bayero

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

APC report Ogun gov’ship aspirant to Police over alleged impersonation

By Lateef Ibrahim   The All Progressives Congress (APC) has...

Former Kaduna NDC gov’ship aspirant defects to APC

By Jude Opara     By Musa Baba Adamu with agency...

Police Arrest 10 Suspects, Recover Rifles, Ammunition 

Police Arrest 10 Suspects, Recover Rifles, Ammunition  The Nigeria Police...

Katsina Executive Council Approves N828.6bn 2027 Budget Proposal

Katsina Executive Council Approves N828.6bn 2027 Budget Proposal   Katsina State...