- PoS operators have begun accepting the old naira notes following the Supreme Court ruling
- The court’s ruling has crashed PoS charges by about 90 per cent as cash becomes available
- However, CBN says it is awaiting legal advice before deciding whether to implement the Supreme Court ruling
There has been a charge crash by Point of Sale operators following the Supreme Court ruling of Friday, March 3, 2023, which says that N200, 500, and N1000 notes should remain legal tender until December 31, 2023.
Feelers from the public indicate that PoS operators began to reduce their charges on cash withdrawals by about 90 per cent as banks make more cash available to their customers.
