New naira redesign
Breaking News Business & Economy

Old Naira Notes Remain Legal Tender Indefinitely, Says CBN   

By Emmanuel Egobiambu, Channels Television The Central Bank of Nigeria (CBN) says the old N200, N500, and N1,000 notes are to remain legal tender indefinitely.  While new currency notes were introduced last year with the old ones set to cease as legal tender, the apex bank on Tuesday extended “the legal tender status deadline of

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Breaking News Business & Economy Explainer

Four Ways To Detect A Fake New Naira Note

By Ogar Monday  On October 26, 2022, Nigeria’s financial regulatory agency, the Central Bank of Nigeria, CBN, announced that it intends to withdraw and redesign the country’s N200, N500, and N1000 notes. Godwin Emefiele, the CBN Governor, revealed that the redesign and recall of the old note was, amongst other things, an effort to mop

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Breaking News Business & Economy National News

BREAKING: Supreme Court Orders Old N200, N500, N1,000 Notes To Remain In Circulation Till Dec 31

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

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