Kaduna State governor Nasir El-Rufai has dared President Muhammadu Buhari on the naira redesign policy, saying the old notes remain legal tender in the state. Buhari in a national broadcast on Thursday declared that old 500 and 1000 naira notes were no longer valid. He had asked Nigerians to take them to the Central Bank…

Some financial experts have commended President Muhammadu Buhari for approving the old N200 notes usage and coexist with the same redesigned denominated banknotes for 60 days. The old N200 banknotes will circulate as legal tender with the new N200, N500 and N1000 banknotes from Feb. 10 to April 10 when the old N200 notes cease…

Nigerian President Muhammadu Buhari said on Thursday that old ₦‎500 and ₦‎1000 notes are no longer legal tender in the country. Buhari said this in a national broadcast aired on national stations. READ ALSO: Buhari orders CBN to release old ₦‎200 to coexist with new Naira notes He, however, directed the Central Bank of Nigeria…

Nigeria President Muhammadu Buhari on Thursday ordered the Central Bank of Nigeria (CBN) to allow the old 200 naira notes and redesigned 200, 500 and 1000 naira notes to coexist. Buhari gave the directive to CBN in a national broadcast aired on national stations. The president said only the 200 old naira notes will continue…

The Supreme Court has adjourned the suit filed by state governments to challenge the naira redesign policy of the Central Bank of Nigeria (CBN). The Supreme Court adjourned the case till Wednesday, February 22 for a hearing of the consolidated suits by 10 states. READ ALSO: CBN delists old ‎200, ‎500, ‎1000 naira notes as…

Anxiety is building up as commercial banks in Kano are refusing to attend to customers with the old naira notes. Our correspondent gathered that the banks are not issuing the new naira notes to customers in return. The Guardian observed that some branches of financial institutions in the city have already shut down operations against…

Gov. Bello Matawalle of Zamfara has cautioned deposit money banks in the state against hoarding of new Naira notes. Matawalle spoke on Monday when he paid an unscheduled visit to the Gusau branch of the Central Bank of Nigeria (CBN) and five other deposit money banks to assess the level of hardship being faced by…

The Central Bank of Nigeria (CBN) said old naira notes of ₦‎200, ₦‎500, ₦‎1000 notes are no longer legal tender in the country. The CBN declared that the old ₦‎200, ₦‎500, ₦‎1000 notes ceased being legal tender in Nigeria on Friday, February 10, 2023. READ ALSO: FG to comply with Supreme Court suspension of naira…

The Nigerian government said it will comply with the Supreme Court suspension of the deadline to swap old naira notes for new ones. Attorney General of the Federation, Abubakar Malami, said the government will obey the Supreme Court ruling. Malami, who spoke interview on Arise TV, said the government was hopeful that the ex parte…

Barring last minutes changes, concerned citizens under the auspices of Network of Civil Societies for Economic Sustainability (NCSES) have concluded arrangement to embark on a nationwide protest next week. The impending protest followed the inability by the Nigerian National Petroleum Company Limited (NNPCL) to end the nationwide fuel scarcity or provide satisfactory answers to its…

Gov. Seyi Makinde of Oyo State has suspended his campaign activities until further notice over unending fuel and new naira-note crisis in the state. Makinde, whose campaign trail had visited some parts of the state, announced the suspension of his campaign activities at the flag off of the Omi-Adio-Ido Road on Friday. This is contained…

President Muhammadu Buhari Friday urged citizens to give him seven days to resolve the cash crunch that has become a problem across the country from the policy of the Central Bank of Nigeria (CBN) to change high-value Naira notes with new ones. Buhari said this after meeting with governors elected on the platform of the…