CBN makes old naira notes permanent legal tender The Central Bank of Nigeria (CBN) has extended the validity of the old N200, N500 and N1,000 notes indefinitely. The apex bank’s Director, Corporate Communications, Isa AbdulMumin in a statement titled, “CBN To Allow Old Design Naira Banknotes As Legal Tender, Ad Infinitum” on Tuesday, said the decision is in line with international best practices and to forestall a repeat of earlier experiences implementing the policy. Recalled that suspended CBN governor, Godwin Emefiele introduced the redesigned N200, N500 and N1.000 denominations in October 2022...