Day: February 15, 2023

The Supreme Court on Wednesday affirmed the validity of the use of old 200, 500 and 1000 naira notes. The apex court maintained that the February 8 hearing which paused the implementation of the February 10 deadline ban on the use of old naira notes still subsists.The clarification from the court followed a complaint by […]

Supreme Court reduces tension, says Old Naira still legal tender The Supreme Court on Wednesday affirmed the validity of the use of old 200, 500 and 1000 naira notes. The apex court maintained that the February 8 hearing which paused the implementation of the February 10 deadline ban on the use of old naira notes […]

Civil servants jubilate as Adeleke commences payment of salary arrears In fulfilment of his promise to pay the 30 months half salaries arrears owed by the past All Progressives Congress administration, Governor Ademola Adeleke today began the clearing of the debt. It was gathered that the civil servants across the State started receiving the alert […]

The Executive Governor of Osun State, Senator Ademola Adeleke has warned commercial banks operating in the state against hoarding of new naira notes and rejection of old naira currency. In a statement issued on Wednesday signed by the spokesperson to the Governor, Mallam Olawale Rasheed reads: “The State Governor lamented the pain and suffering of […]

Angry bank customers burned tyres and blocked streets in Ibadan on Wednesday in protests over the scarcity of naira cash.SAHEL gathered that the protesters first converged on the Eleyele junction, in the Ibadan North West Local Government Area of the state. The protesters blocked the ever-busy Eleyele-Ologuneru-Eruwa road, causing gridlock around the Eleyele-Ijokodo-Sango-Poly road.A similar […]

The Apex Court sitting in Abuja on Wednesday adjourned a hearing in the suit banning the use of the old naira to Wednesday, 22nd February 2023.The three states filed the suit against the Federal Government seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of Nigeria.In […]

The Speaker of the House of Representatives, Mr Femi Gbajabiamila, has ascribed the current fuel and naira scarcity to the activities of saboteurs.He said this in Lagos on Tuesday, during the launching of the second phase of a transport initiative called “Gbaja ride.” The News Agency of Nigeria reports lthat 35 low-fare buses that would […]

Nigerians have continued to experience scarcity of the naira notes since the January 31 deadline issued by the Central Bank of Nigeria, CBN, on the swap of the currency. The CBN had earlier set a January 31 deadline for the use of the old naira notes. It was later extended to February 10. However, following […]