Friday, February 24, 2023

16 States in Nigeria sue central bank over withdrawal of old banknotes

16 states in Nigeria asked the Supreme Court to force the central bank to extend by six months the use of old banknotes, whose withdrawal from circulation has caused cash shortages ahead of weekend elections. The shortage of naira notes has angered citizens with some of them attacking banks and burning cash-dispensing machines.


Related stories: Cash shortage in Nigeria due to redesigned currency push

Video - New currency in Nigeria to affect small businesses according to World Bank



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