Naira redesign: CBN silence keeps banks, business owners in confusion

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Days after the Supreme Court nullified the Central Bank of Nigeria’s Naira redesign policy, the apex bank has remained silent. However, checks by DAILY

Days after the Supreme Court nullified the Central Bank of Nigeria’s Naira redesign policy, the apex bank has remained silent.paying their customers old N500 and N1000 naira notes.

“As you can see, I am just stepping out from my bank; they paid me old N500 notes, 10,000 to be precise. The same thing has been done to other customers. I do not know if traders or business owners will collect the money themselves but collecting this is better than nothing. He revealed that the apex bank would be having a meeting with banks regarding the matter on March 20, 2023.

The Supreme Court had ordered the federal government to allow the old notes to coexist till December 31. Also, Nigerians lamented that the poor performance of alternative banking platforms has made the matter worse. “I have been at the bank since 5:00 am to withdraw cash, but nothing has changed. The bank told us to wait, and I have been unable to get cash.

In an interview with DAILY POST on Friday, a financial expert, Gbolade Idakolo, said the CBN’s silence on the Supreme Court verdict has created anxiety amongst the populace and business community.

 

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CBN HAPPENS TO BE A PART OF THE PRESIDENCY! BVAS,GBADEBO,IVAN TONEY,BODE GEORGE,IGBOS,SEXLIFE,RENO,VICTOR OSIMHEN,GBADEBOS,YORUBAS

The CBN are not trying

To whom it May concern is not one man business, pls they should relief us ooo, not until people list in this process they will talk about itooo

Tor

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