During the administration of ex-CBN governor, Godwin Emefiele’s Naira redesign policy, the Supreme Court had ruled that the old Naira notes can co-exist with the new notes.

The naira depreciated against the dollar at both the official and parallel foreign exchange markets, ending the week on a ...

The Central Bank of Nigeria has denied plans to declare old naira notes illegal ... circulation of all versions of the ₦1000, ₦500, and ₦200 denominations of the Naira indefinitely”.

It reached last night to rumours making the rounds that the old notes would crime to ... all versions of the ₦1000, ₦500, and ₦200 denominations of the Naira indefinitely.

Sixteen Nigerian states had challenged the redesign of the 200, 500, and 1,000 naira notes, saying that the deadline was too tight. The central bank said that the redesign would help bring down ...

The incident happened at a time when there was a severe scarcity of naira cash following the controversial withdrawal of old 200, 500 and1,000 notes from circulation. Last November, the country's ...