Commercial Banks begin payment of old naira notes

Some commercial banks across the country have started paying out the old N500 and N1,000 notes to customers.

This is on the backdrop of the Supreme Court judgment, which extended the validity of the old naira notes to December 31, 2023.

Guaranty Trust Bank, Polaris Bank and some other banks were on Monday confirmed to be dispensing the old notes in Abuja and Kano.

Source: Commercial Banks begin payment of old naira notes – StocksWatch (stocksng.com)

Related Posts

25

Aug
Business & Economy

Nigeria’s New Tax Reform Bills: Implications for the Economy and Capital Market

President Bola Tinubu has signed four (4) new Tax Reform Bills into law, comprising the Nigeria Tax Act (NTA), Nigeria Tax Administration Act (NTAA), Nigeria Revenue Service Act (NRSA), and the Joint Revenue Board Act (JRBA). The new laws are expected to take effect in 2026. The reforms aim to stimulate economic growth, boost government revenue, improve […]