When is the deadline for old naira note

2023 - 2 - 9

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Post cover — Image courtesy of "Businessday.ng"

Banks stick to old notes deadline as CBN mute on Supreme Court ... (Businessday.ng)

Nigerian banks are sticking to the February 10, 2023 deadline for the phasing out of high value naira notes as the Central Bank of Nigeria...

“We are in constant communication with all the Banks and are assured that they are all doing whatever is within their control to normalise this difficult situation. BusinessDay gathered that there was a circular from the CBN to banks, insisting on compliance with today (Friday)’s deadline. “We do not have cash.

Buhari Government Will Obey Supreme Court Judgment On ... (SaharaReporters.com)

The Nigerian government has stated that it will obey the Supreme Court's decision to suspend the Central Bank of Nigeria's (CBN) February 10 deadline for ...

We agree wholeheartedly that we are bound by it and we will comply by it.” With this position in mind, we have taken steps to file our objection challenging the jurisdiction of the court to entertain the matter. “A situation where the Central Bank is not joined in the matter as a party and if the Central Bank as an institution is not joined as a party, the law is clear that the jurisdiction of the Supreme Court cannot be invoked.

FG to comply with Supreme Court suspension of naira notes swap ... (Guardian)

Nigeria President Muhammadu Buhari with attorney-general and justice minister Abubakar Malami. The Nigerian government said it will comply with the Supreme ...

Jurisdiction on the ground that when you talk of monetary policy, Central Bank is an indispensable and necessary party in the matter.” However, Kaduna, Zamfara, and Kogi State governments on Monday instituted a suit against the Federal Government at the Supreme Court over the scarcity of old and new Naira notes due to the CBN naira redesign policy. The Nigerian government said it will comply with the Supreme Court suspension of the deadline to swap old naira notes for new ones.

'No new notes, no fuel' — filling stations, traders reject old naira in ... (TheCable)

Traders, filling stations, and drivers in Imo have started rejecting the old naira notes as the Central Bank of Nigeria's (CBN) February 10 deadline ends ...

Some filling stations in Owerri had inscriptions that read, “no new notes, no fuel”. [rejecting](https://www.google.com/url?sa=t&source=web&rct=j&url=https://thenationonlineng.net/traders-reject-old-naira-notes-in-calabar/&ved=2ahUKEwjT5o7XzIv9AhX-hf0HHc_SBccQFnoECAsQAQ&usg=AOvVaw1xDV5-9fE_pm0-1xOw12i2) the old naira notes. [restrained](https://www.thecable.ng/breaking-court-restrains-cbn-from-extending-deadline-on-use-of-old-naira-notes/amp) the federal government from banning the use of the old naira notes from February 10.

Despite Supreme Court order, Stanbic IBTC, Union Bank, others ... (Peoples Gazette)

Commercial banks are insisting on the Central Bank of Nigeria February 10 deadline to deposit old N200, N500 and N1,000 banknotes despite a temporary halt ...

We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages. [NationWide](https://gazettengr.com/fuel-scarcity-fg-orders-massive-distribution-of-petrol-to-marketers/) [Fuel Scarcity: FG orders massive distribution of petrol to marketers ](https://gazettengr.com/fuel-scarcity-fg-orders-massive-distribution-of-petrol-to-marketers/) [Economy](https://gazettengr.com/naira-exchanges-at-461-50-to-dollar-at-investors-exporters-window/) [Naira exchanges at 461.50 to dollar at investors, exporters window](https://gazettengr.com/naira-exchanges-at-461-50-to-dollar-at-investors-exporters-window/) “Avoid the rush! Visit your nearest Union Bank branch to deposit your old naira notes today,” the bank stated in a post that included an image of a notepad with the words “1 day to go” written on it. Similarly, Access Bank reminded customers to “hurry now” and “beat the new February 10th deadline to deposit your old (200, 500 and 1000) naira notes” in an email sent to customers on Thursday.

Nigeria Will Obey Supreme Court Ruling against Banning of Old ... (Arise News)

Attorney General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami, on Thursday said while the federal government would obey the Supreme ...

“So the issue of obedience to the ruling of the Supreme Court is out of it. He contended that the singular fact that the CBN was not joined as a party in the suit robbed the apex court of necessary jurisdiction. Malami stated, “The rule of law provides that there has to be obedience to the judgement and orders of the Supreme Court. The plaintiffs have no reasonable cause of action against the defendant.” Mahmud Magaji and Tijanni Gazali, lawyers representing the AGF, who is the sole respondent in the suit. He said the government would do so in this matter using the instrumentality of the law. The plaintiffs have no locus standi to institute this action. This suit has disclosed no dispute that invokes this court’s original jurisdiction as constitutionally defined. The order was issued during a ruling on an ex parte application brought by Kaduna, Kogi, and Zamfara states against the AGF. Babagana Monguno, appealed to the House of Representatives to come up with practicable solutions to the attendant economic crisis arising from the scarcity of the redesigned naira notes. The Supreme Court subsequently fixed hearing for February 15. Attorney General of the Federation (AGF) and Minister of Justice, Mr.

Naira Scarcity: While Buhari keeps mum on deadline, NASS ... (Premium Times)

Senate President Ahmad Lawan and House Speaker Femi Gbajabiamila met with the president shortly after the end of Friday's National Council of State meeting.

Good journalism costs a lot of money. To say that in three months it will be okay, it is not okay. “This is not going to be the first country to do it that way. Mr Malami did not, however, say whether the council called for an extension of the 10 February deadline for the use of the old naira notes. The Central Bank of Nigeria fixed Friday, 10 February, as the deadline for the use of old naira notes. [Muhammadu Buhari](https://twitter.com/MBuhari) keeps mum, hours before the deadline for the use of old naira notes, the leadership of the National Assembly has called for the continuous use of the old notes.