UPDATE: Supreme Court Scolds Buhari, Emefiele for Disobeying Order on Old Naira Notes  The Supreme Court of Nigeria has described as dictatorial and undemocratic the decision of President Muhammadu Buhari to disobey its earlier order on the continuous use of old N200, N500 and N1000...

JUST IN: Old Naira Notes Remain Legal Tender Till Dec 31 - Supreme Court By Ozumi Abdul The Supreme Court, on Friday, nullified the ban on use of the old N200, N500 and N1000 banknotes as legal tenders. The apex court, in a unanimous decision by a...

Naira Scarcity: Customers Fight Over N5,000 The continued scarcity of the naira has increased the hardship of many bank customers who are now forced to join long queues to withdraw N5,000 over-the-counter. This has increased the frustration of many people waiting to collect cash and has...

JUST IN: CBN Denies Ordering Banks to Collect Old N1000, N500 Notes By Ozumi Abdul The Central Bank of Nigeria (CBN) has denied reports making the rounds that it has authorized deposit money banks to collect the old N500 and N1,000 banknotes. In a statement by Osita...

Cash Crunch: CBN Gives Fresh Order to Banks Over Old N500, N1,000 Notes The Central Bank of Nigeria (CBN) has directed commercial banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It was also learned that the CBN however...

Fighting Erupts in Lagos Due to Naira Scarcity Fighting erupted in some areas on the popular Lagos-Ikorodu expressway in Lagos State over the scarcity of the new naira notes and the hardship the policy has thrown Nigerians. On Friday morning, it was gathered that suspected louts...