Wednesday, January 28, 2026
27.2 C
Lagos

Supreme Court Stops February 10 Deadline on Old Naira Notes

The Supreme Court of Nigeria has ruled that the February 10, 2023 deadline on the use of old Naira notes of N200, N500 and N1000 by the Central Bank of Nigeria (CBN) will no longer hold.

The ruling follows an ex-parte motion filed by the Governors of Zamfara, Kogi and Kaduna States on February 3, 2023 praying the apex court to compel the Federal Government and CBN not to implement the February 10 deadline pending the determination of their motion on notice.

Accordingly, their prayer was granted by a seven-man panel of the Supreme Court headed by Justice Okoro which set February 15, 2023 for hearing on the motion by the three States.

spot_img
spot_img
spot_img

Hot this week

ITU Sets Path to Drive Digital Benefits for Citizens Worldwide

Member States of the International Telecommunication Union (ITU) agreed...

IMPI: Nigeria’s Economic Model under Tinubu to Deliver 5.5% GDP in 2026

One of Nigeria’s notable policy groups, the Independent Media...

Standard Bank Closes $250m Strategic Financing for Aradel Energy

Stanbic IBTC Capital Limited, Stanbic IBTC Bank Limited and...

First Asset Management Receives Upgraded Ratings from Agusto & Co, DataPro

First Asset Management, a subsidiary of FirstHoldCo Plc has...

SERAP Sues Adelabu, NBET over ‘Failure to Account for Missing N128bn in Power Ministry’

Socio-Economic Rights and Accountability Project (SERAP) has filed a...

Topics

Heritage Bank CEO: ‘SMEs Need Digital Identity to Access Credit’

The Nigerian government must resolve the identity management system...

NCC CEO, Danbatta, Bags Award for Exemplary Leadership in Public Service

The Executive Vice Chairman and Chief Executive Officer of...

Nigeria Airways: Murdered in Cold Blood 12 Years Ago by Government

This is the story of a national titan, who offered service to the nation for over 40 years. In these years, in keeping with the social responsibility philosophy of its establishment, “WT” (Whisky Tango), as it was fondly recognised in the global aviation circle, flew daily sorties in addition to scheduled operations to advance the aspirations of a new nation. Between 1960 – 1975, Nigeria Airways announced, publicised and projected the image of a new independent black African nation. From Europe to America, from Africa to Middle/Near East, the Nigerian flag flew on WT. It not only brought pride to the nation and its people, but also raised their profile globally at a time when very few nations of the world were in the global air space.

NCRIB Commiserates with Victims of Collapsed Building, Seeks Need for Insurance

The Nigerian Council of Registered Insurance Brokers has condoled...

Under-Employed, Under-Inclusive: The World in 2017

Trends such as rising income inequality and societal polarisation...

Oil Prices Driving Lower Growth in Sub-Saharan Africa

Latest report by the World Bank Group suggests that low oil prices have considerably reduced growth in commodity-exporting countries in Sub-Saharan Africa, especially in Nigeria and Angola etc. and have also slowed activity in non-oil sectors. The report says that although South Africa is expected to be one of the main beneficiaries of low oil prices, growth is being held back by energy shortages, weak investor confidence amid policy uncertainty, and by the anticipated gradual tightening of monetary and fiscal policy. Growth in the region is forecast to slow to 4.2 percent, slower than previously expected.

Industry Chiefs Applaud NIN-SIM Verification, Extension to Dec 31

The Honourable Minister of Communications and Digital Economy, Prof....

Emirates Rated World’s Safest Airline on the Planet

Emirates which just resumed its daily flights to Lagos,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img