President Buhari reportedly set to extend validity of old naira notes till April 10.
President Buhari reportedly set to extend validity of old naira notes till April 10.
President Muhammadu Buhari is reportedly considering extending the validity of old 200, 500 and 1000 naira notes by 60 days.
TheCable reports that this is to avoid disobeying the order of the Supreme Court of Nigeria which ruled that the old notes remain valid until it delivers judgment in the case filed by some states against the federal government.
The CBN had insisted that the deadline of February 10 would not be changed but a senior government official told TheCable that Buhari was worried about the hardship faced by Nigerians as well as the legal implications of disobeying the order of the constitutional court.
According to the official, “The resolve was to give room for President Buhari to make concession on the monetary policy and make the following announcements public. One, that the old naira notes of ₦1,000, ₦500 and ₦200 be allowed free movement in and out of the banks for the next 60 days.
-
0:47
Thoughts TV
6 months agoError Haaland | Comedy Skit
71 -
LIVE
Vigilant News Network
13 hours agoWeinstein Brothers Issue CHILLING Warning to America - Media Blackout
2,372 watching -
1:22:19
Josh Pate's College Football Show
8 hours agoEp 551: Week 2 Reaction Show | Texas Rolls Michigan | Notre Dame & Auburn What?! | Early Best Bets
52.4K2 -
21:49
Freakin' Reviews
18 hours agoTesting and Ranking FIVE Unique Kitchen Gadgets!
38.4K3 -
4:41:37
Tundra Gaming Live
13 hours agoThe Worlds Worst Horror Streamer Has Heart Attack Playing The Quarry
47.7K3 -
6:45:39
Barstool Gambling
15 hours agoPardon My Take and Company Kick Off the First Witching Hour of 2024 | Barstool Gambling Cave
86.3K2 -
2:45:37
The Illusion of Consensus
5 days agoThe FDA's Broken System with Robert Malone
104K49 -
24:24
Standpoint with Gabe Groisman
18 hours agoEp. 46. Leading Woman in Congress. Rep. Elise Stefanik
81.1K17 -
1:57:54
I_Came_With_Fire_Podcast
1 day ago“America’s Culture Crisis Explained: Woke Ideology, Media Integrity, Populism & Free Speech”
91.7K48 -
54:44
Athlete & Artist Show
16 hours ago $19.67 earnedNFL Kickoff Live-Betting & High Stakes Games
95.3K6