The Central Bank of Nigeria (CBN) has directed all its branches to continue to issue and accept all denominations of Nigerian banknotes, both old and redesigned ones, to and from deposit money banks (DMBs).

The directive followed the order of the Supreme Court of Nigeria on Wednesday, granting the prayer of the minister of justice and attorney-general of the federation to extend the use of old Naira banknotes indefinitely. The apex Court had ordered that the old versions of N200, N500, and N1,000 banknotes should continue to be legal tender, alongside the redesigned versions.

Consequently, the CBN, in a statement signed on Wednesday, by its acting director of corporate communications, Sidi Ali Hakama, urged the public to continue accepting all Naira banknotes (old or redesigned) for their daily transactions and to handle the banknotes with care to extend their lifespan.