Naira redesign: CBN silence keeps banks, business owners in confusion

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 59%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

Days after the Supreme Court nullified the Central Bank of Nigeria’s Naira redesign policy, the apex bank has remained silent. However, checks by DAILY

Days after the Supreme Court nullified the Central Bank of Nigeria’s Naira redesign policy, the apex bank has remained silent.paying their customers old N500 and N1000 naira notes.

“As you can see, I am just stepping out from my bank; they paid me old N500 notes, 10,000 to be precise. The same thing has been done to other customers. I do not know if traders or business owners will collect the money themselves but collecting this is better than nothing. He revealed that the apex bank would be having a meeting with banks regarding the matter on March 20, 2023.

The Supreme Court had ordered the federal government to allow the old notes to coexist till December 31. Also, Nigerians lamented that the poor performance of alternative banking platforms has made the matter worse. “I have been at the bank since 5:00 am to withdraw cash, but nothing has changed. The bank told us to wait, and I have been unable to get cash.

In an interview with DAILY POST on Friday, a financial expert, Gbolade Idakolo, said the CBN’s silence on the Supreme Court verdict has created anxiety amongst the populace and business community.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

CBN HAPPENS TO BE A PART OF THE PRESIDENCY! BVAS,GBADEBO,IVAN TONEY,BODE GEORGE,IGBOS,SEXLIFE,RENO,VICTOR OSIMHEN,GBADEBOS,YORUBAS

The CBN are not trying

To whom it May concern is not one man business, pls they should relief us ooo, not until people list in this process they will talk about itooo

Tor

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Naira redesign: Buhari, CBN yet to respond to Supreme Court ruling three days afterThree days after, President Muhammadu Buhari and the Central Bank of Nigeria (CBN) are yet to respond to the Supreme Court ruling making the old naira notes legal tender until December 31, 2023. Wait till after March 11 Eme iele deceived the President by telling him 2.4 trillion could be printed out within 3 months after the withdrawal of old notes. 🤣🤣🤣🤣🤣🤣🤣
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Naira Redesign: Akeredolu urges FG, CBN to comply with Supreme Court's judgementGovernor Akeredolu says he received the Supreme Court ruling with great relief and commended the judges for their industry and courage. They should better do that😏 We are tired of this old naira notes syndrome, let CBN print more new naira notes, that is all we care about. Good day everyone my name is Deji a professional electrician, I'm an expert in installation and maintenance of various electrical systems and devices with many years of professional experiences. Please send me a DM for more information. Thank you
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Naira Redesign: Direct CBN To Obey Supreme Court Order, SERAP Tells President Muhammadu BuhariSocio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to instruct the Central Bank of Nigeria (CBN) to immediately
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Naira policy: FG, CBN should respect Supreme Court ruling, masses suffering - OluwoThe Oluwo of Iwo, Oba Abdulrosheed Adewale Akanbi has described the silence of the presidency and the Central Bank of Nigeria (CBN) in the face of the Llu
Source: DailyPostNGR - 🏆 11. / 59 Read more »

New naira: Direct CBN to obey court order, SERAP tells BuhariThe Socio-Economic Rights and Accountability Project has urged the President, Major General Muhammadu Buhari (retd.), to “disclose details of the measures your government is taking to immediately and effectively obey the Supreme Court decision extending the validity of the old N200, N500, and N1,000 notes, and directing the Central Bank of Nigeria to continue to receive the notes from Nigerians.” I wish someone can ask the Supreme Court to reduce inflation rate 🤡 So Buhari is greater than CBN.
Source: MobilePunch - 🏆 8. / 63 Read more »