• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Currencies

CBN says President did not order release of old N500 and N1000 notes 

William Ukpe by William Ukpe
February 21, 2023
in Currencies, Markets
Nigeria’s external reserves falls to 18 months low
Share on FacebookShare on TwitterShare on Linkedin

The Central Bank of Nigeria (CBN) has reacted to reports that President Muhammadu Buhari authorized the reissuance of old N500 and N1000 notes. 

In a statement issued via Twitter on Tuesday afternoon, the apex bank described the rumour as ‘fake news’ and advised Nigerians to disregard it.

The CBN also added that it was working with law enforcement agencies to prosecute the purveyors of monetary fake news. 

RelatedStories

Naira , dollar, exchange rate

Naira depreciates to N1,555/$1 ahead of 301st MPC meeting 

July 16, 2025
Naira , dollar, exchange rate

Naira surges to 4-month high, breaks N1,520/$ barrier

July 16, 2025

No reissuance: CBN said no such approval came from the Presidency. Instead, it clarified that it was only advised to recirculate N200. Part of the statement by the CBN said: 

  • “The attention of the CBN has been drawn to a fake Press release purported to have emanated from the bank to the effect that President Muhammadu Buhari has approved the issuance and release of old N500 and N1000 notes a legal tender. 
  • “For the avoidance of doubt, the CBN reiterates that in line with the directive of Mr. President , only N200 old notes are to reissued and to circulate concurrently with the new notes. Members of the public are therefore advised to ignore this fake news.”

In case you missed it: Recall that President Buhari had, last week, directed the Central Bank of Nigeria (CBN) to extend the deadline for the use of old N200 notes till April 10, 2023.

He said he was deeply pained by the unintended outcomes of the naira redesign/swap policy and urged Nigerians to be patient and understanding during the difficult transition phase of the monetary policy.


Follow us for Breaking News and Market Intelligence.
Tags: NairaPresident Muhammadu Buhari
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

Naira , dollar, exchange rate
Currencies

Naira depreciates to N1,555/$1 ahead of 301st MPC meeting 

July 16, 2025
Naira , dollar, exchange rate
Currencies

Naira surges to 4-month high, breaks N1,520/$ barrier

July 16, 2025
Naira , dollar, exchange rate
Currencies

Naira strengthens to N1,550/$ in parallel market; here’s why it’s gaining 

July 12, 2025
Naira , dollar, exchange rate
Currencies

Naira set to break below N1,500/$ resistance 

July 5, 2025
Currencies

IMF commendation sparks strong gains for Naira across parallel, official markets 

July 3, 2025
British pound, Naira
Currencies

Naira stuck at N2,200/£ as British pound faces correction  

July 3, 2025
Next Post
Domestic transactions in NGX drop by 45.30% in 16 years 

Domestic transactions on Nigerian bourse drop by 45.30% over 16 years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • NGX reveals how over N4.63 trillion was raised in H1 2025 
  • Femi Otedola to launch new book ‘Making it Big’ on August 18 
  • Stock Market soared in Naira, sank in dollars during Buhari’s tenure 

Follow us on social media:

Recent News

NGX

NGX reveals how over N4.63 trillion was raised in H1 2025 

July 17, 2025
Femi Otedola

Femi Otedola to launch new book ‘Making it Big’ on August 18 

July 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics