Governor Babajide Sanwo-Olu of Lagos State has issued a warning to people who continue to refuse old naira notes, saying they will be prosecuted if they do not stop. It is against the Supreme Court’s stance, he stated, to reject the old N200, N500, and N1,000 notes. This was announced by the governor on Wednesday in... Read More

Babajide Sanwo-Olu, February 10th deadline, Governor, lagos state, N1000, N200, N500, Naira redesign, naira scarcity, old notes

February 15, 2023

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FG to make decision on old notes deadline today

There will be an announcement about the president’s position on the expiration of the old naira notes today. Three state governments—Zamfara, Kaduna, and Kogi—had petitioned the Supreme Court to prevent the CBN from removing the old N200, N500, and N1000 notes from circulation. Until the issue is heard on February 15, the court has ruled... Read More

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Abubakar Malami, CBN, decision, February 10th deadline, FG, Godwin Emefiele, old notes, President Muhammadu Buhari

February 11, 2023

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Niger becomes fifth state to sue FG over naira redesign policy

The Niger state government has launched a lawsuit against the federal government over the Central Bank of Nigeria’s re-design of the naira. Niger is the fifth state to file a lawsuit against the federal government over the contentious issue. Kaduna, Kogi, Zamfara, and Kano have already initiated legal action against the FG to halt the... Read More

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CBN, February 10th deadline, FG, Fifth state, Kaduna State, Kano State, Kogi State, Naira redesign, naira scarcity, Nasara Danmallam, Niger State, Zamfara State

February 8, 2023

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JUST IN: Supreme Court restrains CBN from implementing deadline for old naira notes

The Supreme Court of Nigeria has prohibited the Federal Government from enforcing the February 10 deadline for the demonetization of the old 200, 500, and 1000 naira notes. In an ex-parte motion filed on February 3rd, three northern states — Kaduna, Kogi, and Zamfara — asked the supreme court to suspend the Central Bank of... Read More

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CBN, ex-parte motion, February 10th deadline, FG, injuction, Kaduna State, Kogi State, restrains, supreme court, Zamfara State

February 6, 2023

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13 Parties threaten to withdraw from 2023 elections if CBN shifts new naira deadline

In response to the Central Bank of Nigeria’s currency redesign strategy, “thirteen” of Nigeria’s 18 political parties have vowed to sit out the next general elections on February 25 and March 11. On Monday, at a briefing held by a coalition of political party chairmen, the “13 parties” praised President Muhammadu Buhari for his work... Read More

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13, 2023 elections, APC, APC governors, Central Bank of Nigeria (CBN), February 10th deadline, Kaduna State, Kogi State, Naira redesign, new naira deadline, new notes, political parties, withdrawal, Zamfara State

February 4, 2023

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Atiku blames Tinubu for new notes shortage; Nigerians need cash now – Osinbajo laments naira scarcity | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss: Atiku blames Tinubu for new notes shortage The Presidential Candidate of the Peoples Democratic Party (PDP), former Vice President, Atiku Abubakar Campaign Organization has alleged that the All Progressives Congress (APC), Presidential candidate, Asiwaju Bola Ahmed... Read More

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February 2, 2023

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CBN orders banks to pay new naira notes over the counter — N20k maximum

The Central Bank of Nigeria (CBN) has instructed commercial banks to begin providing the redesigned naira notes to customers over the counter. In a statement released on Thursday, the Central Bank of Nigeria (CBN) said that the new instruction aims to alleviate the difficulties Nigerians are having in gaining access to the new banknotes and... Read More

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central bank of Nigeria, February 10th deadline, N20k maximum, new naira notes, over the counter

January 31, 2023

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Banks will accept old notes after deadline – Emefiele

Godwin Emefiele, governor of the Central Bank of Nigeria, informed the House of Representatives on Tuesday that commercial banks in Nigeria will continue to accept old naira bills from customers after the February 10 deadline. Emefiele revealed this when testifying before the House’s ad hoc committee on the CBN naira redesign strategy, however, he did... Read More

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Ad hoc committee, banks, February 10th deadline, Femi Gbajabiamila, Godwin Emefiele, House of Representatives, Naira redesign, old notes

Reject Old Naira and Face Prosecution – Sanwo-Olu Warns

FG to make decision on old notes deadline today

Niger becomes fifth state to sue FG over naira redesign policy

JUST IN: Supreme Court restrains CBN from implementing deadline for old naira notes

13 Parties threaten to withdraw from 2023 elections if CBN shifts new naira deadline

Atiku blames Tinubu for new notes shortage; Nigerians need cash now – Osinbajo laments naira scarcity | 5 Things That Should Matter Today

CBN orders banks to pay new naira notes over the counter — N20k maximum

Banks will accept old notes after deadline – Emefiele

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