Press Release

Supreme Court postpones CBN’s old naira notes deadline of February 10

The three APC-controlled states of Kaduna, Kogi, and Zamfara petitioned the Supreme Court, which issued the ruling The Central Bank of Nigeria (CBN) was given a directive by the Supreme Court on Wednesday to postpone the 10 February deadline for the use of old naira notes. According to the News Agency of Nigeria (NAN), a seven-member court panel chaired by John Okoro issued the temporary injunction due to a severe shortage of freshly redesigned N200, N500, and N1,000 banknotes. In...

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