Business
No extension for February 10 deadline –Emefiele
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has said that there was no need to shift the February 10, 2023 deadline.
Recall that the Supreme Court issued an order of interim injunction restraining the Federal Government and the CBN from enforcing the February 10 deadline for the phasing out of the old naira notes.
But Emefiele, during a visit to the Ministry of Foreign Affairs to discuss the monetary and currency redesign policy of, said shifting the February 10 deadline was needless.
READ ALSO: Protesters storm CBN to swap old naira notes
He said: “The situation is substantially calming down since the commencement of over-the-counter payments to complement ATM disbursements and the use of super-agents.
“There is, therefore, no need to consider any shift from the deadline of February 10.”
The apex bank boss also said that Point-of-Sale agents, who charge above N200 for cash swaps will be arrested and jailed when caught.
-
Education1 week agoUniversity of Ibadan releases 2026/2027 post-UTME screening results
-
Football1 week agoUnpaid £185m Club World Cup fund sparks fresh FIFA controversy
-
Football3 days agoFrance confirms U-20 Women’s World Cup participation amid FIFA-UEFA rift
-
Business3 days agoNigeria’s external debt service falls 31.5% to $954m in Q1 2026
-
Featured3 days agoOsun Governorship Election: Adeleke faces tough test as APC, ADC mount challenge
-
Latest2 days agoNFF denies calling for Infantino’s resignation
-
Business3 days agoNNPC faces fresh scrutiny over oil licensing, production claims, transparency
-
Business1 week agoBreaking: NNPCL reduces pump price of petrol as competition intensifies