Tag Archives: notes

Old Naira notes remain legal tender – Supreme Court

As Nigerians continue to feel the pains of the Naira swap crisis, the apex court, Supreme Court has said its February 8 order barring the Federal Government and its agencies from enforcing the February 10 deadline for the use of old 200, 500 and 1000 naira notes still subsist. The court made the clarification on Wednesday following complaint by lawyer ...

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Mutilated Banknotes: CBN threatens to impose penalty on banks

The apex bank, the  Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) against the practice of circulating composed banknotes which is part of their deposits with the apex bank. The apex bank has expressed concerns over the increasing number of these composed banknotes which the members of the public usually request for their replacement. Composed banknotes are ...

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