The prevailing uncertainty surrounding the old Naira deadline has led to even more confusion in the country as money deposit banks and petrol stations stopped accepting the old naira notes despite the ex-parte injunction from the Supreme Court.

Recall that the Supreme Court of Nigeria had ruled that the federal government should allow the circulation of the old Naira notes until a substantive suit is heard on February 15 in a suit jointly filed by three state governments against the federal government over the old naira deadline.

However, despite the ruling, the deposit money banks have yet to get a contrary directive on the old naira deadline from the industry’s regulator, the Central Bank of Nigeria, CBN, leading to uncertainty over the continued use of the old currency notes as legal tender.

Read more>>> https://nigeriatodaynews.com/old-naira-deadline-more-confusion-as-banks-petrol-stations-reject-old-notes/

Serious

Cbn should pump new note into the society.