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.
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:
