Breaking News: Naira Scarcity - Latest Cbn News, Update On Naira Notes For Feb.: 25, 2023 - Legitvibes

As of February 25, 2023, Nigeria faced a severe naira scarcity driven by the CBN's currency redesign, with old ₦200 notes remaining legal tender while ₦500 and ₦1,000 notes ceased to be valid. Despite a Supreme Court order extending the deadline for old notes, the government's policy caused significant disruption to economic activity and election logistics. For more details, visit the Premium Times timeline .