JUST IN: Supreme Court Nullifies Naira Redesign Policy, Says Old Notes Valid Till December 31

0
356
Naira weakens despite three-month low for U.S. dollar index
Naira weakens despite three-month low for U.S. dollar index

The supreme court has invalidated the naira redesign policy introduced by the Central Bank of Nigeria (CBN).

The court made the declaration on Friday while delivering judgment in a suit instituted by three states of the federation.

JUST IN: Supreme Court Nullifies Naira Redesign Policy, Says Old Notes Valid Till December 31

A seven-member panel of the apex court held that the old N200, N500 and N1000 remain valid legal tender until 31 December 2023.