The Central Bank of Nigeria has been directed by the Supreme Court to allow the circulation of both the old and redesigned N200, N500, and N1,000 notes until further notice. This directive overturns the initial plan to withdraw these old notes from circulation by December 31. The apex bank conveyed this decision through its acting…
The Supreme Court, on Wednesday, shut its door to more states seeking to be joined as interested parties in the suit challenging the decision of the Federal Government to ban the use of the old N200, N500 and N1000 banknotes as valid legal tenders. A seven-man panel of Justices of the apex court, in a…
The Supreme Court of Nigeria has temporarily halted the move by the Federal government to ban the use of the old N200, N500 and N1000 notes as legal tenders from February 10. The Supreme court gave the order while delivering judgment in the exparte application filed before it by the Kaduna, Zamfara, and Kogi state…
