The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) suspended Wednesday’s planned strike to protest the shortage of naira banknotes. The two unions said they would monitor
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10 states have entered into a fresh legal battle against the federal government and the Central Bank of Nigeria (CBN). This is coming after the federal government and the Central Bank of Nigeria (CBN) failed to honour the Supreme Court’s March 3 ruling extending the validity of old Naira banknotes.
The CBN has categorically denied extending the deadline on N500 and N100 old notes. The Central Bank of Nigeria (CBN) has classified a report that it has extended the expiration date of old N500 and N1,000 banknotes until May 1 as fake news.