The Nigeria Supreme Court issued a ruling on Wednesday, declaring that the Old Naira notes will continue to be accepted as legal tender in the country until further notice.This decision follows an earlier extension granted by the apex court in March 2023, pushing the deadline for the phasing out of old Naira notes to December 31, 2023. Notably, the federal government sought an additional extension for the old Naira notes on November 21, 2023.In its latest ruling in...

The Central Bank of Nigeria has instructed all its branches nationwide to continue issuing various denominations of both old and redesigned banknotes in ample quantities to deposit money banks.The apex bank disclosed this in a statement signed by its Director, Corporate Communications, Isa AbdulMumin, and posted on its X handle on Wednesday.This comes in response to reports of cash shortages in major cities, despite earlier assurances from the CBN about sufficient c...

The Central Bank of Nigeria (CBN, is set to release all N1,000, N500, and N200 notes in its custody to deposit money banks.A source at the CBN disclosed this to the Naijacrawl on Wednesday.According to him, the apex bank has concluded plans to disburse old notes to Deposit Money Banks across the country starting from Thursday (today).He added that the development would end the two-month-long Naira scarcity in Nigeria.This comes on the heels of the Nigeria Labour Con...