TOP STORY: Deadline extension for naira notes, IMF outlook... 7 top business stories to track this week | TheCable
The new deadline –February 10, 2023 — will allow Nigerians to deposit the old currency notes at banks.
Meanwhile, Godwin Emefiele, governor of CBN, says N1.7 trillion worth of naira notes have been returned to banks so far — with N900 billion more to go.The Nigerian Railway Corporation has suspended the Abuja-Kaduna rail services after a trainA train said to be a few minutes from its destination in Abuja derailed last Friday.Advertisement
Also, the CBN launched the Nigerian national domestic card scheme — an initiative to boost the country’s payments landscape. The lower legislative chamber house had set up an ad hoc committee chaired by Alhassan Doguwa, majority leader of the house, to meet managing directors of banks and the CBN over the deadline for the withdrawal of old naira notes from circulation.But the apex bank wrote to the committee requesting a postponement.NMDPRA BLAMES MARKETERS, SMUGGLERS FOR LINGERING PETROL SCARCITY
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING: Nigeria's Central Bank Extends Old Naira Use Deadline Till February 10 | Sahara ReportersThe Central Bank of Nigeria (CBN) has extended the deadline for the exchange of old naira notes for newly designed ones till February 10. The apex Bank had set the deadline for the old N200, N500 and N1000 for January 31, 2023 but due to the scarcity of the new ones and its attendant effects on the economy, there has been pressure on the CBN governor, Godwin Emefiele, to extend the deadline. The National Assembly and several groups and individuals had called for a extension but the CBN said there would be no extension.
Read more »
New naira notes: Pressure in South-East as sit-at-home shortens deadlineThere was a scramble in the entire South-East States on Saturday, following the attempt by residents to beat the deadline for the return of old naira
Read more »
New Naira Notes: Atiku calls for extension of deadlineAtiku says 'a great number of Nigerians, out of good conscience, have expressed apprehension about how the deadline will make life more difficult for a large number of Nigerians'.
Read more »
BREAKING: CBN extends deadline for use of old naira notesThe CBN governor, who spoke to journalists Sunday morning, said he had the approval of President Muhammadu Buhari for the extension.
Read more »