First Bank of Nigeria Plc has urged customers to deposit their N500, N1000 old notes at its branches nationwide.
However, the bank warned that it can only take transactions below ₦500, 000.
According to the bank, any transaction above N500,000 should be taken to the CBN.
The statement read:
“Dear Valued Customer, this is to inform you that our branches shall receive old notes up to a maximum of ₦500,000 (Five Hundred Thousand Naira) after registration on the CBN portal.
“Please note that deposits of more than ₦500,000 (Five Hundred Thousand Naira) should be taken to the nearest CBN location,” the public notice read.
