Nigeria Supreme Court Extends Use of Old, New Naira Notes

The Supreme Court in a review of an earlier ruling, has now ruled on Wednesday, November 29, 2023 that both the old and the redesigned Naira banknotes remain valid legal tender in Nigeria beyond December 31, 2023 writes Ameh Ejekwonyilo for Premium Times.

The ruling extends the lifespan of the redesigned 200, 500 and 1,000 naira notes. The court ruling states that the banknotes should remain in circulation, pending when the federal government takes a decision, after consultation with relevant stakeholders.

This article originally appeared on AllAfrica

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