LAGOS MARCH 4TH (NEWSRANGERS)-Nigeria’s Supreme Court on Friday ordered the central bank to extend until Dec. 31 the use of old banknotes, whose withdrawal from circulation became an election issue after it caused cash shortages, widespread hardship and anger. The timing left many Nigerians fed up, hungry and exhausted right before a national election to…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-Protesters have besieged the headquarters of the Central Bank of Nigeria (CBN) and the office of the attorney-general of the federation (AGF) over a ruling of the supreme court on the deadline for use of old naira notes. A seven-member panel of the apex court led by John Okoro, on Wednesday, temporarily…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-The Supreme Court Wednesday ordered the Central Bank of Nigeria (CBN) not to end the use of old naira notes on 10 February. The News Agency of Nigeria (NAN) reports that a seven-member panel of the court, led by John Okoro, gave the order of interim injunction amid acute scarcity of newly…
LAGOS FEBRUARY 1ST (NEWSRANGERS)-Residents of some communities and markets in the Illela Local Government Area of Sokoto State have begun to abandon the Nigerian currency for CFA franc because of the shortage of New Naira Notes, SaharaReporters has gathered. Investigations showed that Illela, a border town with Niger Republic and of about 105 kilometres from…
LAGOS JANUARY 29TH (NEWSRANGERS)-The Central Bank of Nigeria has extended deadline for the swapping of old naira notes till February 10, 2023. The CBN stated this in a release on Sunday. The apex bank said it added a 10-day extension of the deadline from January 31, 2023, to February 10, 2023, to allow for…
LAGOS JANUARY 27TH (NEWSRANGERS)-Bandits have turned down a N5. 3 million ransom which was paid to them with the old naira notes. They said the old notes will soon cease to become a legal tender hence their decision to reject it. Recall that the leader of the bandits, who raided Azara, Janjala and Kadara communities…
LAGOS JANUARY 25TH (NEWSRANGERS)-The old Naira notes have become out of use in Zamfara State as traders, business centres, marketers and even Point of Sale, POS, providers have been rejecting the notes since last week even though the deadline for their use has not expired. DAILY POST can authoritatively state that commercial banks in the…