Naira Redesign: FG may Extend Deadline as Malami, El-Rufai, Other Governors Meet There are strong indications that the federal government is toying with the idea of extending the deadline for the use of N200, N500 and N1000 notes to bring an end to the cash...

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...

Old Notes Remain Legal Tender in Jigawa, Kaduna - Govt The Jigawa State Government has said the old naira notes remain legal tender in the state pending the judgment of the Supreme Court. In the same vein, the Kaduna State Governor, Malam Nasir El-Rufai, in a...

Naira Redesign: Buhari's Broadcast a Contempt of Supreme Court - Adegboruwa   A human rights activist and Senior Advocate of Nigeria, Ebun-Olu Adegboruwa, has described the announcement by President Muhammadu Buhari that only the old N200 banknote remains legal tender while the old N500 and N1,000...

Inflation Soars To 21.82% Amid Naira Redesign   Nigeria’s inflation soared to 21.82 per cent in January 2023, according to the National Bureau of Statistics. This is amid a redesign of the naira by the Central Bank of Nigeria. January’s inflation rate is a 0.48 per cent...

Naira Redesign: Supreme Court Insists Old Naira Notes Still Legal Tender   The Supreme Court has said that the old N200, N500, and N1000 are still legal tender, insisting that its February 8 order barring the Federal Government and its agencies from enforcing the February 10...