Tag: BREAKING: Old N1000

BREAKING: Old N1000, N500, N200 Legal Tender Till Dec. 31- Supreme Court

ADEOLA YUSUF

  . Apex Court nullifies naira redesign policy, says old notes valid till Dec 31     The supreme court has invalidated the naira redesign policy introduced by the Central Bank of Nigeria (CBN). The court made the declaration on Friday while delivering judgment in a suit instituted by three states of the federation. A seven-member panel of the apex court held that the old N200, N500 and N1000 remain valid legal tender until 31 December 2023. More to follow…

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BREAKING: Old N1000, N500 Notes Cease To Be Legal Tender – Buhari

ADEOLA YUSUF

Gives 60 Days Lifeline for N200 old notes, says Nigerians should vote for candidates of their choice President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to allow only the old N200 to remain legal tender until April 10, 2023. This, the president said, is in order to improve currency circulation in the country and ease pains experienced by Nigerians due to the decision to retire some denominations of the old banknotes after a currency redesign project. In a nationwide broadcast this morning, Thursday, the president said that…

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