The Central Bank of Nigeria (CBN) has restored the old 200, 500 and 1000 naira notes to remain as legal tender until December 31, 2023. CBN spokesperson Isa Abdulmumin made the disclosure in a statement on Monday. “In compliance with…
Lagos residents share ordeal after accepting old notes from banks
Some Lagos residents have expressed regrets for collecting the old N500 and N1,000 notes from commercial banks, after the Supreme Court judgement validating it as legal tender till December 31. They told the News Agency of Nigeria (NAN) in separate…
Supreme Court affirms Ruffai Hanga as Kano Central Senator-elect, sacks Shekarau
The Supreme Court on Friday affirmed Rufai Hanga as Senator-elect for Kano Central Senatorial District under the platform of the New Nigeria People’s Party (NNPP). In the Judgement prepared by Justice Uwani Aba-Aji but delivered by Justice Emmanuel Agim, the…
*Banks in shock as rejection of old N500, N1000 spreads (Vanguard)*Soldier nabbed for alleged drug trafficking in Lagos (Punch)
Banks in shock as rejection of old N500, N1000 spreads (Vanguard) 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 a widespread rejection…
Improve infrastructure to achieve cashless policy, financial inclusion, economist advises CBN
An Economist, Dr Tope Fasua, has urged the Central Bank of Nigeria (CBN) to ensure optimally functional internet capacities for the cashless policy be effective. Fasua said this on Sunday in Abuja in interview with the News Agency of Nigeria…
Financial experts laud Supreme Court’s judgement on naira notes
Financial and economic experts have lauded the Friday’s judgement of the Supreme Court invalidating the naira redesign policy of the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) in Ibadan reports that the apex court had invalidated…
Old naira notes remain valid till December 31 – Supreme Court
The Supreme Court has ordered the circulation of the old naira notes alongside the new ones until December 31. In a unanimous judgement, a seven-member panel of justices presided by Justice Inyang Okoro on Friday held that the directive by…
6 states pray Supreme Court to order review of Presidential, NASS results
Six states of the federation have dragged the federal government before the Supreme Court over the conduct and subsequent collation and announcement of the February 25 Presidential and National Assembly elections. The plaintiffs in the originating summons marked: SC/CV/354/2023, are…
Naira Redesign: Supreme Court to deliver judgment March 3
The Supreme Court on Wednesday fixed March 3 for judgment in the suits filed by some state governors against the federal government over the cashless policy by the Central Bank of Nigeria (CBN) in old naira note withdrawal. Justice Inyang…
Presidency dismisses reports on disobeying Supreme Court ruling on legality of currencies
The Presidency has dismissed as false the assertion that the Federal Government or the Central Bank of Nigeria (CBN) had refused to recognise old N200, N500 and N1,000 notes as legal tender despite Supreme Court ruling. The News Agency of…