The Central Bank of Nigeria (CBN) has foreclosed the possibility of extending or shifting the deadline on the deposit of the old naira notes.
CBN Governor Godwin Emefiele apologised to Nigerians for not extending the deadline but stated that 100 days from when the announcement was made to the expiration date was enough for Nigerians to deposit their old notes.
He assured Nigerians that the ongoing sensitisation will continue after the 31st of January, 2023 deadline.
The apex bank said it has received between N1.3 trillion to N1.5 trillion so far but expects it will recover over N2 trillion after January 31 deadline.
Speaking to journalists at the end of the first Monetary Policy Committee (MPC) in Abuja on Tuesday, Emefiele also disclosed that the Committee has decided to aggressively increase the interest rate to 17.5 percent.
Emefiele noted that despite the drop in inflation in December to 21.34 percent there was “no reason to celebrate”.
Israeli Prime Minister, Benjamin Netanyahu has spoken over an arrest warrant issued against him by…
•Berates Wike For Being Arrogant, Divisive Former Vice President Atiku Abubakar has been advised…
The All Progressives Congress (APC), Olusokun Ward 04, Ede North Local Government, Osun State, has…
The Court of Appeal in Abuja has overturned a Federal High Court judgment concerning the…
Two men - Ajokuji Chidozie and Odijie Prosper, have finally regained freedom 10 years after…
•Finger Olufon Of Ifon, Urge Governor, Security Agencies To Wade In The Olobu-in-Council has…
This website uses cookies.