Reps, CBN disagree over validity of old naira notes
The House of Representatives and the Central Bank of Nigeria, CBN, yesterday, disagreed on the deadline for the validity of old naira notes.
Wike backs Supreme Court December deadline for old naira notes
“So, if you still have the old money, use it. The highest court of the land has said so. “Too bad for the Central Bank. He has no choice. There is no other directive that can override the judgement of the Supreme Court.”
Supreme Court faults Buhari on Naira redesign without notifying govs
The Supreme Court held that notice was not given the states as required under section 20(3) of the CBN Act, before the old Naira notes were withdrawn.
Naira Crisis: You’re wrong, we’ve power to hear case, S’Court tells FG
Supreme Court, on Friday, dismissed the preliminary objection the Federal Government filed to challenge its jurisdiction to hear the suit that 16 states filed to challenge the ban on use of old N200, N500 and N1000 banknotes as legal tenders in the country.
CBN denies receiving presidential orders to reissue old Naira notes
The Central Bank of Nigeria (CBN) has denied receiving presidential orders to reissue the old N200, N500 and N1000 naira notes.
Naira redesign mops up N1.8trn from currency outside banks
The implementation of the Naira redesign and withdrawal of old banknotes by the Central Bank of Nigeria, CBN, has sucked in about N1.81 trillion from the Currency Outside Banks, CoB, while crashing Currency-in-Circulation to N1.4 trillion in January 2023.
SERAP sues Buhari over ‘unlawful ban on old N500, N1,000 notes’
SERAP sues Buhari over ‘unlawful ban on old N500, N1,000 notes’
Understanding the Governors fight for old Naira Notes
By Emmanuel Aziken Many are still grappling to understand the undercurrents that led Governor Nasir El-Rufai of Kaduna State to take on his onetime mentor, President Muhammadu Buhari. The relationship between Buhari and El-Rufai had not too long ago been projected by the graphics of the governor kneeling to greet the president during recent encounters. […]
Old Naira: APC NWC summons state governors
Ahead of next Saturday’s Presidential and National Assembly election, the Senator Abdullahi Adamu-led National Working Committee NWC of the ruling All Progressives Congress APC has summoned state governors of the party to an emergency meeting in Abuja.
Updated: Old naira notes valid for next 100 years – El-Rufai
“No deadline can render them worthless, ever. The law is on your side. The Central Bank of Nigeria Act, 2007 and the Bills of Exchange Act, both oblige the CBN to recognise your old notes and give you value in new notes whenever you bring them to the CBN, even in the next 100 years.”
Full text of the Buhari’s nationwide address on naira scarcity
I have found it necessary to address you today, on the state of the nation and to render account on the efforts of our administration …
