The Supreme Court of Nigeria will deliver judgment in the suits filled by some State Governors against the Federal Government over the validity of old Naira notes pronounced by the Central Bank of Nigeria (CBN).
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Three financial associations have assured that the Central Bank of Nigeria (CBN) and commercial banks would do everything possible to ensure the availability of the Naira to the general public.
The Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI) has asked members working in troubled areas to stay off work.
Consequently, all members should today immediately stay away from work in any state where bank branches are attacked. This is to continue every doy until normalcy is restored.
The Central Bank of Nigeria (CBN) has denied that it mandated deposit banks to collect N500, and N1,000 old banknotes from depositors.
The Central Bank of Nigeria (CBN) has denied reports that it is still taking deposits of the old N500 and N1,000 Naira notes.
ASHENEWS reports that the Presidency has that the Federal Government or the Central Bank of Nigeria (CBN) had not disobeyed the ruling of the Supreme Court by refusing to recognise old N200, N500 and N1,000 notes as legal tender.
For refusing to accept old Naira notes from customers, the Kano state Governor, Dr. Abdullahi Umar Ganduje has directed the acting chairman of the State Consumer Protection Council, Baffa Babba Dan’agundi to shut down Wellcare supermarket.
ASHENEWS reports that the Nigerian Security Printing and Minting Company (NSPMC) says it has made adequate arrangement to continuously produce the newly redesigned banknotes as well as other denominations in line with the Central Bank of Nigeria (CBN) indent for the year 2023.
The Central Bank of Nigeria (CBN) has denied reports that its Governor, Godwin Emefiele, told the Council of State on Friday that the current shortage of new Naira notes is because the Nigerian Security Printing and Minting Company (NSPMC) Plc has no printing materials for the new notes.