Breaking: New naira – 10 states have petitioned the Supreme Court to overturn Buhari’s directive

New naira - 10 states have petitioned the Supreme Court to overturn Buhari's directive

The president’s latest decree, which reinstates the old N200 notes and deems the existing N500 and N1,000 notes illegal, has been challenged by ten states in the supreme court.

Buhari said on Thursday that he had instructed the Central Bank of Nigeria to exclusively reissue the old N200 notes.

This comes after the Supreme Court upheld the ruling that the old N200, N500, and N1000 notes continue to be valid forms of payment.

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