Naira Scarcity

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to release old N200 notes into circulation to co-exist with new N200, N500 and N1,000 banknotes for 60 days. He, however, said old N500 and N1,000 banknotes are no longer legal tender in Nigeria. The President, who made this known in a nationwide broadcast […]

President Muhammmadu Buhari on Friday chaired the National Council of State meeting to address the current upheaval regarding the naira redesign and the currency swap. In attendance are the former Presidents Goodluck Jonathan; Yakubu Gowon, and Abdulsalami Abubakar as well as ex-President, Olusegun Obasanjo who attended virtually.   Also present at the chamber is the […]

They urged the apex court to grant them an interim injunction stopping the Federal Government and the CBN from ending the validity of old N200, N500 and N1000 denominations on February 10, 2023.     CBN Governor Godwin Emefiele. Worried by the effects the Central Bank of Nigeria (CBN)’s naira redesign policy is having on […]