Breaking: Supreme Court Suspends CBN’s Old Naira Feb 10 Deadline

Nigeria’s Supreme Court, on Wednesday, restrained the Federal Government from enforcing the February 10 deadline for the use of N200, N500 and N1000 old Naira notes.

The apex court, in a unanimous decision by a seven-member panel, halted the
full implementation of the demonetization policy of the Central Bank of Nigeria, CBN, according to report by the Vanguard..

The ruling followed a suit that was filed by three Northern States; Kaduna, Kogi and Zamfara.