The Central Bank of Nigeria (CBN) has said the old N200, N500 and N1000 notes remain legal tender until December 31, 2023 as ruled by the Supreme Court. This was announced in a statement on Monday by the CBN spokesperson, Isa Abdulmumin.The statement reads: “In compliance with the established tradition of obedience to court orders…
The Lagos State Governor, Mr Babajide Sanwo-Olu has said the old naira notes of N200, N500, and N1000 denominations remain legal tender in the state. Sanwo-Olu said, this is in accordance to the Supreme Court judgement which allows the currency to remain legal tender until December 31, 2023. This was contained in a statement by…
In adherence to the Supreme Court judgement ordering the continuation of using the old naira notes, some commercial banks in Lagos have started issuing the old N500 and N1000 notes to customers at their various automated teller machines (ATMs) terminals and over the counter. It would be recalled that some state Governors have filed a…
… Faults Buhari Directives on Old Naira Notes The Supreme Court on Wednesday ordered that the old N1000, N500 and N200 notes should remain legal tender until December 31, 2023. The court, in a judgment on the suit filed against Federal Government naira swap policy, held that the old naira notes should co-exist with the…
The Supreme Court has fixed Feb.22 for the hearing of the suites filled by some Governors against the Federal Government over the cashless policy by the CBN in old Naira note withdrawal. Justice Inyang Okoro fixed the date after directing all parties involved to amend their processes to reflect the new position of their respective…
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that there was no need to shift the February 10, 2023 deadline. Emefiele during a visit on Tuesday to the Ministry of Foreign Affairs, to discuss the monetary and currency redesign policy of the bank, declared there was no need to shift deadline….
