Tag: Goodwin Emefiele

Buhari’s Govt Backs Down On Naira Swap Deadline, To Obey S’Court’s Verdict

Aliyu Aliyu

“Old naira notes remain acceptable until …,” Malami speaks on apex Court ruling on Naira crisis The Nigerian Government has said it would obey the Supreme Court ruling that temporarily suspended the February 10 deadline given by the Central Bank of Nigeria (CBN) for the exchange of the old naira notes with the newly redesigned naira notes. This was confirmed on Thursday by the Attorney General of the Federation and Minister of Justice, Abubakar Malami, during an interview on Arise Television where he said that the government was hopeful that…

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BREAKING: Nigerians Won’t Lose Old Notes After Deadline, CBN Assures

Aliyu Aliyu

“You will not lose your money even when it loses its legal tender. You can take it to the bank, pay it into your account. But we should please allow this policy to succeed,” Emefiele said.     The Central Bank of Nigeria (CBN), on Tuesday, bowed to the demand of the House of Representatives for a gradual phase-out of the old naira notes. CBN Governor Godwin Emiefele, who appeared before the House of Representatives ad-hoc Committee, said Nigerians won’t lose the old notes after the February 10 extended deadline.…

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CBN Doesn’t Need to Consult Anyone to Redesign Naira, Emefiele Replies Minister

Aliyu Aliyu

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Friday night defended the decision of the Bank to redesign some Naira notes, insisting that he doesn’t need to consult with the Minister of Finance to do so. This signals an escalation in the war of words between the CBN and the Finance Ministry over the decision of the apex bank to redesign some Naira notes. READ ALSO BREAKING: Finance Minister Rejects CBN’s Plan to Redesign Naira Nigeria Plots To End Citizens’ Migration Overseas BREAKING: CBN to Change N200,…

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