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Nigerian Supreme Court has ruled that the old N200, N500, N1,000 notes remain valid and should be in circulation till December 31, 2023. In a ruling delivered today March 3, the apex court also nullified the Federal Government’s naira redesign policy, declaring it as an affront to the 1999 Constitution. Justice Emmanuel Agim who read […]
Continue ReadingThe Central Bank of Nigeria (CBN) has reportedly announced that the old N200, N500 and N1000 ceased being legal tender since February 10, 2023. Though the Supreme Court had issued an order which restrained the apex bank from going on with the February 10 deadline until it rules on a case before it on February 15, […]
Continue ReadingA Northern leader, Buba Galadima has revealed that a serving governor stashed N22 billion old naira notes. The former National Secretary of the defunct Congress for Progressive Change (CPC) disclosed this during an interview on Trust TV’s Daily Politics. Galadima was asked a question on the Naira redesign policy of the Central Bank of Nigeria […]
Continue ReadingNigerian president, Muhammadu Buhari, on Saturday, reiterated his earlier position that there was no going back on the naira redesign project and ruled out the extension of the January 31 deadline for the old N1,000, N500 and N200 to cease from being legal tender. The President’s position was supported by the Central Bank of Nigeria, […]
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