Despite the Supreme Court ruling that old N500 and N1,000 notes are still legal tender, fuel stations, supermarkets and market women are still rejecting the old Naira notes.
Ripples Nigeria reported on Friday that the Supreme Court ruled the old banknotes remain legal till December 31, 2023, thereby, setting aside the February 10 deadline to phase them out.
The Supreme Court said the Naira redesign policy of the Central Bank of Nigeria (CBN) was an affront to the 1999 constitution of the country, hence, the old Naira notes remain legal for 10 months.
