Currency Swap: CBN Governor Insists February 10 Deadline Sacrosanct - The Source

ADVERTISEMENT
  • Landing Page
  • Shop
  • Contact
  • Buy JNews
  • Login
The Source
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
The Source
No Result
View All Result
Home News

Currency Swap: CBN Governor Insists February 10 Deadline Sacrosanct

The Source by The Source
February 14, 2023
in News
0
Exporters commend CBN for introducing PAVE to encourage local production, CBN removes exchange rate, CBN retains monetary policy, naira cassava export, CBN, MPR, fire, Rates liquidity
0
SHARES
139
VIEWS
Share on Facebookshare on whatsappShare on Twitter

[ad_1]

The Central Bank of Nigeria Governor, Godwin Emiefiele, has said the 10th February deadline to phase out the old N1,000, N500, and N200 notes remains sacrosanct.

Emefiele made this statement on Tuesday during a meeting with members of the diplomatic corps in Abuja.

This statement is coming following a court order restraining the CBN from implementing the deadline, among other controversies involving joint lawsuits filed by some governors against the apex bank at the Supreme Court.

Emiefele acknowledged the inconveniences caused by the naira redesign policy, including hoarding and elevated agitation.

However, he urged Nigerians—particularly those in positions of authority—not to overstate it to avoid spreading fear.

The CBN boss maintained that the benefits are significant and will eventually lead to a cashless policy while acknowledging that the transition to using the new naira notes may be difficult.

Earlier in the day, the Central Bank of Nigeria (CBN), Yenagoa branch said that going forward, it would commence actions against operators of point of sales outlets(POS), banks and other service providers who refused to render services in consonance with its financial rules and regulations governing the cashless economic policies.

This was disclosed during a media briefing held at the instance of the Director, Governor’s department of the CBN, Mr Joseph Omayokun, at the Yenagoa branch office of the bank on Monday.

READ ALSO FROM NIGERIAN TRIBUNE 

 

[ad_2]

Be the first to read it our next BREAKING NEWS, POLITICS, METRO. Click here to join our WhatsApp group

Tags: CBNGovernor
Previous Post

Niger Delta monarchs pass vote of confidence on PAP coordinator

Next Post

Properties Destroyed As Youths Protest Killing

The Source

The Source

Related Posts

PDP constitutes 1795 campaign, We won't allow detractors, PDP won't conduct, Crisis rocking PDP, a family affair, will be resolved soon, say Atiku's associates, PDP Wike BoT Chairman ,Jegede Osun PDP reconciliation ,Bauchi PDP Atiku Ningi,Niger PDP Gomna running-mate,Imo PDP to hold re-run primary election in four state constituencies, Atiku Edo PDP chieftain
News

Osun LG Crisis: GSI Survey Shows PDP’s Peaceful Approach to Crisis Resolution

by The Source
June 30, 2025
ITF Ratifies Osun as South-West Zonal Headquarters
News

2025: Osun Powers Ahead with Climate-focused Initiatives

by The Source
June 29, 2025
Egbedun @40: Akinleye Salutes Symbology Youthful Excellence, Legislative Distinction
News

Egbedun @40: Akinleye Salutes Symbology Youthful Excellence, Legislative Distinction

by The Source
June 28, 2025
Prof. Adepoju Calls on Women to Support Husbands, Launches Book on Fathers’ Sacrifices
News

Prof. Adepoju Calls on Women to Support Husbands, Launches Book on Fathers’ Sacrifices

by The Source
June 28, 2025
Fubara, Wike Sighted Together in Rivers State after Peace Talks
News

Fubara, Wike Sighted Together in Rivers State after Peace Talks

by The Source
June 28, 2025
Next Post
Ojoga women

Properties Destroyed As Youths Protest Killing

Leave a Reply Cancel reply

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

Browse by Category

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tags

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Categories

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tag

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Recent Posts

  • Just In: PDP Announces Change of BoT Meeting Venue
  • Osun LG Crisis: GSI Survey Shows PDP’s Peaceful Approach to Crisis Resolution
  • NANS Speaks on Arrest of Suspects with NANS-Branded Vehicle

© 2022 The Source Nigeria.

No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament

© 2022 The Source Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In