The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, says he has met with 15 bank executives and directed them to make the old 200 naira notes available from Thursday (today).
He made this known after attending a meeting between President Muhammadu Buhari and the House of Representatives Special Ad Hoc Committee on Naira Redesign Policy, Cashless Policy, and Currency Swap on Thursday.
In a chat with State House Correspondents, Emefiele who described himself as a servant appealed to Nigerians to allow the policy to work because he believes it will bring advancement to the nation’s economy when the challenge of illicit financial flows and insecurity is resolved.
The CBN Governor stated that the hardship and temporary pains due to the policy are regrettable, but assured that the apex bank will continue to work to ease the sufferings of Nigerians owing to the cash crunch.
Buhari had earlier in a nationwide broadcast, directed the CBN to release old N200 notes into circulation to co-exist with new N200, N500, and N1,000 banknotes for 60 days.
He, however, said old N500 and N1,000 banknotes are no longer legal tender in Nigeria.
The President also apologised to Nigerians over the difficulty experienced in the implementation of the naira redesign policy.
Access Bank Group, Aig-Imoukhuede Foundation Pledge $300m to Transform Africa’s Economic Landscape
A new bill that seeks to harmonise all geographic information service projects of Lagos State is under…
American rapper and adult content creator, Rubi Rose, has shared her opinion about cheating men.…
Nigerian skit maker, Chukwuemeka Emmanuel Ejekiru, better known as Sabinus, and his wife, Ciana Chapman, have…
Israeli Prime Minister Benjamin Netanyahu said Wednesday that while he's confident he can iron out mounting discord…
Super Eagles goalkeeper, Stanley Nwabali has said he is not bothered about leaving the South African…