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Supreme Court ruling: Uncertainty as banks wait on CBN
Stakeholders in the  financial sector and  banks are divided over re-issuance of the old naira notes following the Supreme Court judgement extending their legal tender status till December 31st 2023. While banks said they cant commence re-issuance of the old notes until they are directed to do so by the CBN, stakeholders including bank customers, financial analysts and business owners…
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Presidency dismisses reports on disobeying Supreme Court ruling on legality of currencies
The Presidency has dismissed as false the assertion that the Federal Government or the Central Bank of Nigeria (CBN) had refused to recognise old N200, N500 and N1,000 notes as legal tender despite Supreme Court ruling. The News Agency of Nigeria (NAN) reports that Zamfara, Kaduna and Kogi had approached the Supreme Court of Nigeria for reliefs on behalf of…
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Naira swap: We approached Supreme Court to save Nigeria’s economy–Matawalle
Gov. Bello Matawalle of Zamfara said he and his colleagues took the Federal Government to the Supreme Court over the new naira swap policy to save the country. The News Agency of Nigeria (NAN) reports that three state governors of Kaduna, Kogi and Zamfara dragged the Federal Government to the Supreme Court seeking a restraining order to stop the Naira…
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Supreme Court ruling on naira re-design saves Nigeria from economic shutdown- Tinubu
 Asiwaju Bola Tinubu, APC presidential candidate, says the Supreme Court ruling on the implication of Central Bank of Nigeria (CBN) re-designed naira notes and cashless policy has saved Nigeria from political and economic shutdown. Tinubu in a statement issued by Mr Bayo Onanuga, Director, Media and Publicity, APC Presidential Campaign Council (PCC) on Wednesday in Abuja, said the policy had…
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