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.
-
Latest1 week agoSex video leak sparks disciplinary action as FUOYE suspends two students
-
Business1 week agoThe CBN’s Exposure Draft on Holding Companies of Banks: Matters Arising
-
Comments and Issues1 week agoEkiti 2026: Will INEC redeem self or slide further?
-
Latest1 week agoTinubu Grants Customs Boss Adeniyi Final Six-Month Extension to Oversee Single Window Project, Succession
-
Latest7 days agoAPC’s Asogwa wins Enugu North senatorial by-election by wide margin
-
News1 week agoYiaga Africa Flags Discrepancies in Ballot Papers of Ekiti Governorship Poll
-
Latest7 days agoAPC, PDP clinch key by-elections as INEC declares winners in Kano, Rivers
-
Football1 week agoWorld Cup group stage heats up as Germany face Ivory Coast, Netherlands meet Sweden in crucial fixtures