Business Journal


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.

To Top