• Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

JUST IN: Emefiele Speaks On Extension Of Old Notes

Adam PR by Adam PR
February 14, 2023
in NEWS
0
JUST IN: New Notes: CBN Speaks On Threat To Shutdown Banks
19.7k
SHARES
22k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook
Share This News

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that there was no need to shift the February 10th, 2023 deadline for the use of old notes.

Emefiele insisted there is no going back on the deadline earlier given for the old naira notes to be withdrawn from circulation.

He said this during a visit on Tuesday to the Ministry of Foreign Affairs, to discuss the monetary and currency redesign policy of the bank.

He said, “The situation is substantially calming down since the commencement of over-the-counter payments to complement ATM disbursements and the use of super-agents.

“There is, therefore, no need to consider any shift from the deadline of February 10.”

He also threatened that Point-of-Sale agents, who charge above N200 for cash swaps will be arrested and jailed if caught in such practices.

ALSOREAD

BREAKING: CBN Validates Old Notes As Legal Tender

BREAKING: Old Notes: Comply With Court Order – President Buhari Orders Emefiele

JUST IN: Emefiele Has Confirmed Re-circulation Of Old Notes – Soludo

Old Notes: Buhari, Emefiele Get Ultimatum To Obey Supreme Court

BREAKING: CBN Approves Circulation Of Old Notes

DAILY GIST reported that the Supreme Court had in a ruling suspended the CBN deadline for demonetisation policy and fixed February 15 for hearing on the matter.

A seven-member panel of the apex court, led by Justice John Okoro, had temporarily restrained the federal government from restricting the use of the old naira notes after February 10 pending the hearing of the suit.

The ex-parte application was filed by the governors of Kaduna, Kogi, and Zamfara states, citing the negative effects the policy is having on the residents.

The Attorney General of the Federation (AGF) and minister of Justice, Abubakar Malami while reacting to the development stated that the federal government, out of its regard for the rule of law, would abide by the order of the apex court, even though it intended to challenge it and would do so within the provisions of the law.

He said: “The order was granted by the supreme court and the order is to lapse on Wednesday(February 15th) which is the day of the hearing. With that position in mind, we have taken steps to file an objection challenging the jurisdiction of the court to entertain the matter,” he said.

According to Malami, the federal government has filed reasons before the Supreme Court as to why the suit by three states challenging the February 10 deadline fixed by the CBN for phasing out the old N1, 000, N500, and N200 banknotes should be struck out.

Kindly Share This News On Social Media

JOIN US ON TWITTER

Follow DAILY GIST on Twitter for more BREAKING NEWS

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

Share This News
Tags: CBNGodwin EmefieleNaira Redesign
Previous Post

TRENDING: Why I Stormed Church Service With AK-47 Gun – Arrested Abuja Pastor

Next Post

BREAKING: Court Disbands Ebubeagu Security Outfit In South-east

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 07069173969

Related Posts

BREAKING: Presidential Tribunal Grants Obi, Atiku Leave For Substituted Service
NEWS

BREAKING: Presidential Tribunal Grants Obi, Atiku Leave For Substituted Service

March 24, 2023
BREAKING: NLC Declares Nationwide Strike
NEWS

BREAKING: NLC Declares Nationwide Strike

March 22, 2023
BREAKING: Abba Kyari Loses In Court
NEWS

BREAKING: Abba Kyari Loses In Court

March 22, 2023
BREAKING: BVAS: INEC Wins Peter Obi In Court
NEWS

BREAKING: INEC Uploads Election Results Via BVAS

March 18, 2023
BREAKING: ICC Issues Arrest Warrant For Putin
NEWS

BREAKING: ICC Issues Arrest Warrant For Putin

March 17, 2023
Anti-corruption CSOs, constitutional lawyers petition Buhari, demand probe of EFCC under Bawa
NEWS

Anti-corruption CSOs, constitutional lawyers petition Buhari, demand probe of EFCC under Bawa

March 16, 2023
Next Post
BREAKING: Court Disbands Ebubeagu Security Outfit In South-east

BREAKING: Court Disbands Ebubeagu Security Outfit In South-east

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • BREAKING: NLC Declares Nationwide Strike

    BREAKING: NLC Declares Nationwide Strike

    19703 shares
    Share 7881 Tweet 4926
  • BREAKING: INEC Postpones Governorship Election In Lagos

    19707 shares
    Share 7883 Tweet 4927
  • BREAKING: Appeal Court Reinstates Adeleke As Osun Governor

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: LP Governorship Candidate, GRV Loses Polling Unit To Sanwo-Olu

    19712 shares
    Share 7885 Tweet 4928
  • BREAKING: APC Campaign DG Found Dead

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: I Won Lagos Guber Election — LP Candidate, GRV

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: INEC Declares Adamawa Governorship Election Inconclusive

    19701 shares
    Share 7880 Tweet 4925
  • BREAKING: CBN Approves Circulation Of Old Notes

    19821 shares
    Share 7928 Tweet 4955
  • Organ Trafficking: UK Court Fixes Date To Sentence Ekweremadu, Wife

    20681 shares
    Share 8272 Tweet 5170
  • BREAKING: Labour Party Wins First Governorship Election

    20490 shares
    Share 8196 Tweet 5123

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved