The supreme court has ruled that old and new naira notes will co-exist as legal tender until further notice. In March 2023, the supreme court had extended the deadline to phase out old naira...
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Breaking: Emefiele Bows to Pressure, Directs Use of Old 500, 1000 Notes as Legal Tender
The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, CBN spokesperson, announced the development in a statement on Monday. “In...
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Naira crisis: CBN authorizes use of old notes
The Governor of Anambra State, Prof Charles Soludo confirmed on Monday that the Central Bank of Nigeria has asked commercial banks to dispense and accept old naira notes as deposits.DAILY POST reports that Soludo,...
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Call me to lock up banks, stores refusing old naira notes – Gov Abiodun
Governor Dapo Abiodun of Ogun State has again threatened to lock up banks, stores or supermarkets that refuse to accept the old N500 and N1000 notes. Abiodun said he would deal with any trader...
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Breaking: Nigeria Governor Orders Arrest of Anybody Rejecting Old Naira Notes
Government has ordered the arrest of Nigerians rejecting old Naira notes. Naijinfo reports that the Kogi State Government on Friday ordered the arrest and prosecution of individuals and businesses rejecting the old naira notes....
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Breaking: CBN orders Banks to dispense old Notes to customers over the counter
Some commercial banks in Lagos have started issuing the old naira notes to customers at their various automated teller machines (ATMs) terminals and over the counter. The development is in compliance with the new...
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Naira Notes: Instruct CBN to Respect Court Order, Judiciary, Oluwo Begs Buhari Says Nigerians Are Suffering
The Paramount Ruler of Iwoland, HIM Oba Abdulrosheed Adewale Akanbi, has appealed to President Muhammad Buhari to influence the Central Bank of Nigeria (CBN) to respect the Supreme Court judgement on recirculation of new...
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BREAKING: Banks Begins Payment of Old N500, N1000 Notes over the Counter to Customers
Following the Supreme Court judgment, which extended the validity of the Central Bank of Nigeria (CBN) currency redesign policy to December, some deposit money banks have started paying out the old notes. Daily Trust...
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EFCC Intercepts N32.4m New Notes Allegedly Meant for Vote-buying in Lagos
The massive operation by the Economic and Financial Crimes Commission, EFCC, to deter vote trading and other financial malfeasance ahead of tomorrow’s presidential and national assembly elections may have begun paying dividends with the...
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BREAKING: Supreme court fixes March 3 for judgment in suit against Naira redesign policy
The supreme court says it will deliver judgment in the suit challenging the naira redesign policy of the Central Bank of Nigeria (CBN) on March 3. The seven-member panel of the apex court communicated...
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