The president of federal republic of Nigeria Muhammadu Buhari has extended the validity of the N200 notes .
This vital piece of information was disclosed by the president while Speaking in a nationwide broadcast on Thursday morning, February 16, the president directed that the old N200 notes be reintroduced into circulation to run with the new N200, N500 and N1000 naira notes for 60 days beginning from February 10, 2023 to April 10, 2023.
Buhari however, said the old 500 and 1000 naira notes have ceased to be legal tender.
“I have given approval to the CBN that the old N200 bank notes be released back into circulation and that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days from Feb. 10, 2023 to April 10 2023,” Buhari said.
In another news, Market Women were spotted on the streets of Benin rolling over the scarcity of the new Naira Note and the rejection of the old naira Note.
This came shortly after a protest started in Warri in delta state for the same reason.
Market women were seen crying while rolling on the the ground as their way of
protesting against the Lingering scarcity of new naira notes and blatant rejection of the old notes.
It not news that the federal Government in conjunction with the governor of central Bank of Nigeria has said that old Naira note is no longer a legal tender in the country.
The people of Benin however stormed the streets protesting about the rejection of old
naira notes and scarcity of new naira notes which subjected them stagnation in the business.
