By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
P9O Newsletter
Join Us!

Subscribe to our newsletter and never miss our investigative stories, breaking news, podcasts etc..

Zero spam, Unsubscribe at any time.
  • Home
  • Nigeria
  • Politics
  • Metro
  • World
  • Lifestlye
  • Football
  • 2023 Election
Reading: Naira Redesign: CBN reacts to Supreme Court's order
Prime 9ja Online
Prime 9ja Online Prime 9ja Online
Aa
  • Africa
  • Business
  • Football
  • Metro
  • Nigeria
  • Opinion
  • Politics
  • Technology
Search
  • Categories
  • _Football
  • _Lifestyle
  • _World
  • _Metro
  • _Politics
  • _Nigeria
  • Pages
  • _About Us
  • _Contact Us
  • _Privacy Policy
Follow Us
Nigeria

Naira Redesign: CBN reacts to Supreme Court's order

  Following the Supreme Court's order that old N200, N500, and N1,000 notes remain legal tender until December 31, the Central Bank of Niger...

Precious John ELIJAH
Precious John ELIJAH March 03, 2023
Updated March 5, 2023 at 11:16 AM
Share
Naira Redesign: CBN reacts to Supreme Court's order
SHARE

 Naira Redesign: CBN reacts to Supreme Court's order

Following the Supreme Court's order that old N200, N500, and N1,000 notes remain legal tender until December 31, the Central Bank of Nigeria (CBN) has chosen to remain silent.

"The CBN is a law-abiding organization that operates as an extension of the Executive arm of government," said a CBN official who agreed to speak to The Nation about the matter.

This suggests that the CBN may have delegated responsibility for speaking out on the naira redesign to the Federal Government.

Asked if the Supreme Court order will truncate the CBN’s cashless policy, the official said “that is unlikely to happen since the policy has been in operation since 2012”.

Reacting to the Supreme Court order, Professor Uche Uwaleke of Nasarawa State University, advised the CBN “to comply with the ruling since it has come from the final court in the land.

“Doing so will help revive economic activities and reduce the current difficulties being experienced by Nigerians on account of the policy.”

Tags: Nigeria

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook WhatsApp TwitterEmail Print

You Might Also Like

Facebook Like
Twitter Follow
Pinterest Pin
Telegram Subscribe
Prime 9ja Online

Subscribe to our newsletter to receive our latest updates instantly on your email.

About

  • About Us
  • Privacy Policy
  • Terms
  • Disclaimer
  • Fact-Checking Policy
  • Code of Ethics
  • Corrections and Correctives
  • Editorial Integrity
  • Ethical Conduct
  • Funding

Connect

  • Contact Us
  • Advertise
  • Submit a Tip

© 2025 Prime 9ja Online Media - All Rights Reserved.

Follow Us