Headlines
CBN Extends Legal Tender Status of Old Design Naira Banknotes Indefinitely

CBN Extends Legal Tender Status of Old Design Naira Banknotes Indefinitely
The Central Bank of Nigeria (CBN) has revealed its decision to extend the legal tender status of the old design N200, N500, and N1,000 banknotes indefinitely. This move comes after the introduction of redesigned versions of these denominations in October 2022, with initial deadlines set for the discontinuation of the old design as legal tender.
The CBN’s decision to extend the legal tender status indefinitely is in line with international best practices and aims to prevent a recurrence of past challenges. By invoking Section 20(5) of the CBN Act 2007, all banknotes issued by the CBN will continue to be recognized as legal tender beyond the initial deadline of December 31, 2023. Furthermore, the CBN is actively collaborating with relevant authorities to overturn the existing court ruling on this matter.
As a result of this development, all CBN branches throughout the country will continue to accept and issue both old and redesigned denominations of Nigerian banknotes to and from deposit money banks (DMBs). The CBN emphasizes that the general public should diligently handle Naira banknotes to ensure their longevity and protect their overall lifecycle. Additionally, individuals are encouraged to adopt alternative payment methods and embrace electronic channels for their day-to-day transactions.
The CBN’s decision to extend the legal tender status of the old design Naira banknotes indefinitely provides individuals with continued flexibility in their financial transactions. It also underscores the importance of adapting to modern payment technologies while ensuring the proper handling of physical currency.
CBN Extends Legal Tender Status of Old Design Naira Banknotes Indefinitely
Headlines
Tinubu arrives Katsina to receive Buhari’s body for burial

President Bola Tinubu, on Tuesday arrived in Katsina to receive the remains of the former President Muhammadu Buhari, who passed away in London on Sunday at the age of 82.
Headlines
“He Never Turned His Back on the Needy” — Tributes Pour In Ahead of Buhari’s Burial

Just hours before the burial of former President Muhammadu Buhari, heartfelt tributes have continued to pour in from beneficiaries of his many charitable deeds, with many describing him as a man who never turned his back on the needy.
Speaking to the News Agency of Nigeria (NAN) on Tuesday, Aminu Daura, a respected community elder, recalled how Buhari consistently provided foodstuffs during Ramadan for families, friends, widows, and orphans in his hometown.
“He never made noise about it, but many homes had food on their tables during fasting period because of him,” Daura said.
Abdullahi Sani, a physically-challenged man who received a tricycle from the Buhari Foundation in 2021, was overcome with emotion while speaking to NAN.
“I can move around and feed my family today because of Baba Buhari. I pray to Allah to reward him for giving hope to people like me,” he said, in tears.
Hajiya Fatima Yahaya, another resident, remembered Buhari’s acts of kindness during festive seasons.
“Even after he left office, his aides ensured that the usual support still reached us every year. He always remember his people,” she said, referring to his distribution of Sallah rams and food items to indigent families during Eid celebrations.
Other residents of Daura also shared memories of how the late former president quietly paid school fees and medical bills for struggling families, actions rarely publicized.
“Some of us benefited from his silent interventions. He was a true father and a great figure in the society,” said Ali Saidu.
On Monday night, Imams across various mosques in Daura held special Qur’anic recitations, praying for the forgiveness of Buhari’s sins and his eternal peace.
The Chief Imam of Daura Central Mosque, Sheikh Musa Kofar Barau, described Buhari as a humble leader whose legacy of service and compassion would remain alive in the hearts of the people.
Buhari is scheduled to be buried later on Tuesday in his hometown of Daura, Katsina State, in line with Islamic rites. The community is bracing to welcome thousands of mourners from across Nigeria and beyond.
Headlines
King Mohammed VI Mourns Buhari, Praises Legacy of Nigeria’s Former Leader

His Majesty King Mohammed VI of Morocco has extended heartfelt condolences to President Bola Tinubu, the family of the late former President Muhammadu Buhari, and the entire Nigerian people following Buhari’s death.
In a message of sympathy, the Moroccan monarch described the passing of the former Nigerian leader as a “sad occurrence,” expressing deep sorrow over the loss.
King Mohammed VI hailed Buhari as “an illustrious leader who worked untiringly to serve his country’s best interests and lead his people toward further progress and prosperity.”
He added: “Our thoughts and prayers are with you and the bereaved. I share your grief and want you to know how much I appreciated the working sessions I had with the deceased.”
Reflecting on their bilateral engagements, the king noted that his collaboration with Buhari led to the launch of promising development projects, “ushering a new era grounded in friendship and close cooperation between our two sister nations.”
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