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Nigeria: Again, Supreme Court Extends Validity of Old Naira Notes
Premium Times, 29 November 2023
The Supreme Court, in the ruling, reviewed its earlier order that the old notes should cease be legal tender by the last day of December 2023. Read more »
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Nigeria: Supreme Court Okays Indefinite Use of Old, New Banknotes
Vanguard, 29 November 2023
The Supreme Court has ruled that both the old and the redesigned Naira banknotes remain valid legal tenders in the country beyond December 31. Read more »
Nigeria Supreme Court Extends Use of Old, New Naira Notes
The Supreme Court in a review of an earlier ruling, has now ruled on Wednesday, November 29, 2023 that both the old and the redesigned Naira banknotes remain valid legal tender in Nigeria beyond December 31, 2023 writes Ameh Ejekwonyilo for Premium Times.
The ruling extends the lifespan of the redesigned 200, 500 and 1,000 naira notes. The court ruling states that the banknotes should remain in circulation, pending when the federal government takes a decision, after consultation with relevant stakeholders.
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Nigeria has introduced into circulation its new currency in the first such redesign in 20 years. The authorities say the measure is meant to address insecurity, tackle ... Read more »
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Yemi Cardoso, the new Governor of the Central Bank of Nigeria (CBN), plans to clear a vast overhang of dollar obligations and en Read more »
New naira notes, top left, polymer naira, top right, old naira notes, bottom
