NigeriaCBN Opens Portal For Deposit Of Old Naira Notes

CBN Opens Portal For Deposit Of Old Naira Notes


- Advertisment -spot_img

The Central Bank of Nigeria (CBN) has opened a portal for individuals who have old Naira notes to deposit them within the redemptive window.

CBN portal

The exercise is expected to be done by filling up forms and this is coming on the backdrop of the adjournment of the case on the legality of the February 10, 2023 deadline for the Naira Swap to February 22 by the Supreme Court.

The Supreme Court, which adjourned the case till February 22, 2023, had also said the old Naira notes remain legal tender until it sits next week Wednesday.


As seen on the portal, depositors are required to fill in their Bank Verification Number (BVN), phone number, email address, bank details, address, the amount to be deposited as well as the denominations to be deposited, after which a reference number is generated.

The deposit of the old N200, N500 and N1,000 banknotes commenced on Wednesday afternoon and is expected to run till Friday, February 17.

The guideline for submission read thus: “Please click here to create your profile, generate reference and print out a receipt for you to proceed to the nearest CBN branch to deposit your old N1000, N500 and N200 notes into your bank account”.

Read Also: Cultural Norms: Tanzania Bans Children’s Books For Violation

However, with the Thursday morning broadcast by the Nigerian President Muhammadu Buhari, old N200 notes would still remain in circulation till April 10 as the deadline.

New Webbs is an independent online news platform launched with the aim of connecting the world with the latest news on the web.


Please enter your comment!
Please enter your name here

Latest news

Celebrating Chima Udoye’s Victory In Nigerian Idol Season 9 Powered by Bigi

Lagos, Nigeria - Chima Udoye has been crowned the Nigerian Idol Season 9 winner, fuelled by the refreshing Bigi...

Bigi Treats Top 4 Nigerian Idol Contestants To Special Candlelight Dinner

Lagos, Nigeria - Bigi, the beloved beverage brand known for its exciting twists on Nigerian Idol, hosted a truly...

Health-Related Expenses: Over One Million Nigerians Are Pushed Into Poverty

A recent World Bank Group report revealed a concerning trend of over one million Nigerians being forced into poverty...

ORIGIN Tech Group Partners LBS On Human Capital Training, Development

Lagos, Nigeria - To collaborate on LBS Agribusiness Management and Greener HOPE Agricultural Productivity Programme, ORIGIN Tech Group welcomes...
- Advertisement -spot_imgspot_img

Mouka Partners Herconomy, 360 Complete Woman To Present Business Grants To Women

Lagos, Nigeria - For many years, Mouka has steadfastly committed to corporate social responsibility, as evidenced by its five...

Bigi-Sponsored Nigerian Idol Season 9 Heats Up with Top 10 Performances

Lagos, Nigeria - Africa's biggest music talent show, Nigerian Idol Season 9, sponsored by Bigi Carbonated Soft Drink brand,...

Must read

NIPR Governing Council: Local, International Supports For Nkechi Ali-Balogun’s Quest

Lagos, Nigeria - Endorsements have been pouring in from...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you

Buy More, Save More