The Central Bank of Nigeria (CBN) has refuted the news that it has authorized commercial banks to again start accepting the old N500 and N1,000 notes.
The apex bank stated that it has not directed any banks to collect the old notes.
It said that the only directive to the regulator from President Muhammadu Buhari was to reissue the old N200 note.
Director, Corporate Communications of CBN, Osita Nwanisobi, made the disclosure in a statement on Friday
Report on Friday afternoon trends in the Media that the CBN had directed banks to collect the old N500 and N1,000 notes.