The supreme court has adjourned judgement on the old naira notes case before it. It says it will deliver judgment in the suit challenging the naira redesign policy of the Central Bank of Nigeria (CBN) on March 3. The seven-member panel of the apex court communicated the decision on Wednesday.
The Central Bank of Nigeria (CBN) has asked banks to start collecting old N500 and N1,000 notes from customers. This was disclosed on Friday by the CBN spokesman, Osita Nwanisobi, stating that any amount above N500,000 could not be deposited. The development comes amid the nationwide outrage over the rejection of the notes which President…
… says old 500, 1000 notes are illegal tenders President Muhammadu Buhari has ordered the central Bank of Nigeria (CBN) to redistribute and allow the old N200 note to run concurrently with the new one till April 10, 2023. The president said this in national broadcast on Thursday. He said; “To further ease the supply…
