News
Every ₦500 And ₦1,000 Naira Notes Still In Circulation To Be Deposited At CBN Only, The Apex Bank Maintains.
By Ebor Cletus Ralph Jr.
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Contrary to our earlier reports that, the CBN had directed that commercial banks could accept deposits not more than ₦500,000 from depositors, it has been discovered that, the said report was untrue.
The correct position is spelt out in the CBN memo below: