Old and New Nigerian Currency

Old and New Nigerian Currency


Nigeria’s Supreme Court, on Wednesday, ruled that old and new Naira notes will co-exist as legal tender until further notice.

In March 2023, the apex court had extended the deadline to phase out old Naira notes to December 31, 2023.

Also, on November 21, the federal government had filed an application before the Supreme Court seeking an extension for old Naira notes to remain in circulation.

Local news platforms report that the Central Bank of Nigeria (CBN) had also recently said old and new Naira currencies remained legal tender indefinitely.

Editorial Chief, Nigerian Bureau

Kings UBA is a Nigerian journalist and writer. I have reported for major local and international news organisations. I write satire. In 2017, I started contributing stories primarily to Discover Africa News Network. I can be reached on editorkingsuba@gmail.com. I currently manage Discover Africa News social media handles