By Emmanuella Obaje-Daniels, Channels Television The Supreme Court on Friday ordered that old N200, N500, and N1,000 notes remain in circulation till December 31, 2023. The apex court also nullified the Federal Government’s naira redesign policy, declaring it as an affront to the 1999 Constitution. Justice Emmanuel Agim, who read the lead judgment, held that
By Kayode Oyero, Channels Television Ten States have asked the Supreme Court to set aside the pronouncement of President Muhammadu Buhari banning old N500 and N1,000 notes. The governors, in Suit No SC/CV/162/2023, filed on Friday by their counsel, A.J. Owonikoko (SAN), wants the apex court to declare the President’s directives in his Thursday’s broadcast
By Jonathan Ugbal Nigeria’s president, Muhammadu Buhari on Thursday morning directed the extension of the use of the old NGN200 notes until April 10, 2023. President Buhari gave the directive in an unusual national broadcast following reports of confusion and crisis over the utilization of the old and redesigned NGN200, NGN500, and NGN1000 notes. “I
By Sarah Wakili, Channels Tv The Central Bank of Nigeria (CBN) says there is no going back on the February 10, 2023 deadline for the swapping of the old N1,000, N500, and N200 notes. While there has been controversy over the deadline with some governors dragging the apex bank to the Supreme Court and the
By Etido Okon The current crisis of scarcity of cash being witnessed across the nooks and crannies of the country has greeted students of the University of Cross River State (UNICROSS) who are affected by cash shortage in the Automated Teller Machines (ATM) machines and withdrawal limit in the two banks in the Calabar campus.