Old Naira Notes Remain Legal Tender Beyond December 31, 2023 - CBN In a recent announcement, the Central Bank of Nigeria (CBN) clarified that the old N200, N500, and N1000 naira notes will continue to be accepted as legal tender even after December 31, 2023. This...

Naira Crunch: Banks In Shock As Rejection Of Old N500, N1000 Spreads   The enthusiasm that greeted the Supreme Court judgement that the old N500 and N1,000 notes should be in use till December 31st 2023, has dissipated as widespread rejection of the old notes by...

S’Court Order/Cash Crunch: Banks in Partial Compliance, Others Await CBN Directives Many Deposit Money Banks are yet to comply with the Supreme Court order approving the use of old N1,000 and N500 and N200 notes as legal tender for 10 months. While few banks have commenced...

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: Supreme Court to Deliver Judgment Today The Supreme Court will today deliver judgement in the suit by 16 states challenging the federal government’s naira redesign and swap policy. A seven-member panel of justices presided by Justice Inyang Okoro had on February 22 adjourned to...