President Muhammadu Buhari may extend the validity of the old Naira note till 10 April. According to an exclusive report by TheCable, the decision is to avoid disobeying the order of the Supreme Court of Nigeria which ruled that the old N1,000, N500 and N200 notes remain valid until it delivers judgment in the case filed by some states against …

The Lagos State Government has warned against the rejection of the old Naira notes, warning that those in that habit would face prosecution. Controversy dogs the Naira swap policy as the Central Bank of Nigeria (CBN) insists on not extending the 10 February deadline for the old N200, N500 and N1,000 despite the order of the Supreme Court to stay …

Rights activist Mr Femi Falana has lambasted the Central Bank of Nigeria (CBN) for flouting the interim injunction of the Supreme Court suspending the implementation of the 10 February deadline on the use of the old banknotes. Last Wednesday, the Supreme Court restrained the Federal Government, the CBN and commercial banks from implementing the currency swap policy, which made N1,000, …

The Supreme Court has restrained the Federal Government from implementing the 10 February deadline of the old N200, N500 and N1,000 notes to stop being legal tender. Three states — Kaduna, Kogi and Zamfara — had in a motion ex-parte filed on 3 February, prayed the apex court to halt the Central Bank of Nigeria (CBN) Naira redesign policy. In …

Three states – Kaduna, Kogi and Zamfara – have dragged the Federal Government to the Supreme Court seeking a restraining order to stop the full implementation of the Naira redesign policy of the Central Bank of Nigeria (CBN). In a motion ex-parte filed before the court, the three states are praying the court to grant an interim injunction stopping the …

The camapign organisation of the All Progressives Congress (APC) presidential candidate, Asiwaju Bola Ahmed Tinubu has blamed fifth columnists and the opposition Peoples Democratic Party (PDP) for the prolonged fuel shortage and the non-availability of the new Naira notes. According to a statement issued on Tuesday by the Director of Media and Publicity of the APC presidential campaign council, Mr …