Economy

The Supreme Court on Friday ordered that old N200, N500, N1,000 notes remain in circulation till December 31, 2023. The apex court also nullified the Federal Government’s naira redesign policy, declaring it as an affront to the 1999…
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The Supreme Court, on Wednesday, fixed March 3 to deliver its judgement on the consolidated suit that states filed to set aside the decision of the Federal Government to ban the use of old N200, N500 and N1000 banknotes as valid legal…
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Ogun State Governor, Prince Dapo Abiodun has charged the relevant security agencies to ensure that perpetrators of the recent arson and wanton destruction of public property in Sagamu area of the state are arrested and prosecuted.…
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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. This was contained in a statement issued by Osita Nwanisobi, CBN’s Director…
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The Central Bank of Nigeria has ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It, however, pegged the maximum amount the banks can collect at N500,000. The CBN maintained that…
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Fighting broke out Friday morning in some areas of the well-traveled Lagos–Ikorodu highway in Lagos State over the difficulty the new naira notes have caused Nigerians. The PUNCH learned on Friday morning that suspected thugs attacked…
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President Muhammadu Buhari has extended the validity of the old N200 notes till April 10, 2023. The president announced this in a national broadcast on Thursday Morning. “I am addressing you as your democratically elected president to…
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President Muhammadu Buhari is reportedly considering extending the validity of old naira notes by 60 days. According to a report of The Cable on Wednesday, February 15, 2023, this is to avoid disobeying the order of the Supreme Court of…
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Kano State government has warned that it would not hesitate to revoke operational licenses of major business owners or sanction anyone who refuses to accept the old naira notes as a means of transaction. However, the Central Bank of…
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The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that there was no need to shift the February 10, 2023 deadline. He said this during a visit on Tuesday to the Ministry of Foreign Affairs, to discuss the monetary and…
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