Eko Hot Blog reports that President Bola Ahmed Tinubu is set to extend the validity of old naira notes beyond the current December 2023 deadline. The Central Bank of Nigeria redesigned the ₦200, ₦500, and ₦1000 naira notes last year and set a deadline that was extended by the supreme court in a suit filed … Read more
The Supreme Court has adjourned a lawsuit against the Federal government on old Naira notes. The suit filed by Kaduna, Kogi and Zamfara states against the Government was seeking a restraining order to stop the full implementation of the naira redesign policy. The hearing was postponed on Wednesday. EKO HOT BLOG reports that the Supreme … Read more
House Committee has demanded the arrest of Godwin Emefiele over the old Naira deadline. The ad-hoc committee on Sunday rejected the 10-day extension by the CBN. The CBN had fixed January 31st as the deadline for the exchange of the old N200, N500 and N1000 notes. EKO HOT BLOG reports that the House of Representatives … Read more
The CBN has insisted that the 31st January deadline to halt the use of the old 200, 500 and 1000 naira notes still stands. Emefiele said this during the CBN/Monetary Policy Committee (MPC) briefing in Abuja. Also at the meeting, the CBN raised the Monetary Policy Rate (MPR), which measures interest rate, to 17.5 per … Read more