By Olasunkanmi Akoni Lagos State Governor, Babajide Sanwo-Olu has called on residents, business owners, and especially retailers to accept the old N500 and N1,000 notes – in line with the Supreme Court judgement which ruled that the currency remains legal tender until December 31, 2023. ...

By Ikechukwu Nnochiri. ABUJA—The Supreme Court, on Friday, nullified the ban on use of the old N200, N500 and N1000 banknotes as legal tenders. The apex court, in a unanimous decision by a seven-member panel of Justices, held that the old banknotes should remain valid legal tenders until ...

By Emma Ujah, Abuja Bureau Chief Investigations have revealed that Deposit Money Banks (DMBs) have started receiving old N500 and N1000 notes again. Vanguard investigations have indicated that the banks have been receiving the old N500 and N1000 notes since the beginning of this week. A ...

By Nwafor Sunday President Muhammadu Buhari has ordered the Central Bank Governor, CBN, Godwin Emefiele to allow the old N200 (two hundred naira note) to circulate till April 10, 2023 when it will cease to be legal tender. Buhari made the directive on Thursday during his live broadcast on ...

By Emma Ujah, Johnbosco Agbakwuru, Victoria Ojeme, Joseph Erunke, James Ogunnaike & Bashir Bello, ABUJA Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, yesterday, told the Diplomatic Corps that an extension of the February 10 deadline for the circulation of the redesigned ...

By  Onozure Dania There was pandemonium on Monday at the high courts in Lagos State as lawyers and litigants were unable to file their court processes using the old  naira notes for payment. Officials at the high court  registries rejected the old naira notes, saying banks were no longer ...

By Abdul Babajide Shock and anger took over Ondo State on Monday as banks across the State refused to accept the old Naira notes from residents. The residents, most of whom are traders, had neatly arranged the money they made all through the weekend in anticipation of depositing it in ...

Fear gripped residents of Abeokuta, the Ogun State capital, on Monday morning when banks started rejecting the old N200, N500 and N1000 notes. As of the weekend, residents of Abeokuta were still transacting businesses with the old notes, despite the February 10 deadline of the Central Bank of ...

By  Okechukwu Nnodim Oil marketers have threatened to close their filling stations in protest against the rejection of old naira notes by deposit money banks across the country. It was gathered that the banks issued circulars to some of the filling stations, urging them to stop accepting the ...

By Levinus Nwabughiogu-Abuja The commercial banks yesterday told the House of Representatives that they were bound by the guidelines of the Central Bank of Nigeria, CBN, as their regulator in the implementation of the cashless policy. The banks in a meeting with the adhoc committee of the ...

Barely 27 days to the deadline issued by the Central Bank of Nigeria (CBN) for the return of the old N200, N500, and N1, 000 banknotes following the currency redesign programme, analysts yesterday urged the apex bank to increase awareness on the initiative, especially among market women, rural ...