The Central Bank of Nigeria was advised by the International Monetary Fund on Wednesday to postpone the deadline of February 10 for replacing old naira notes with new ones.
The IMF provided the advice in response to the difficulties Nigerians encountered nationwide during the banknote swap process.
The IMF said in a statement, “In light of hardships caused by disruptions to trade and payments due to the shortage of new banknotes available to the public, in spite of measures introduced by the CBN to mitigate the challenges in the banknote swap process, the IMF encourages the CBN to consider extending the deadline, should problems persist in the next few days leading up to the February 10, 2023 deadline.”
More details shortly…
The Chief of Defence Staff, General Christopher Musa, said he hoped that with the arrest…
Governor Babajide Sanwo-Olu of Lagos has presented the sum of ₦3.005 trillion before the state…
Abia State Commissioner of Police, CP Danladi Isa on Wednesday led an operation along Asaga…
Popular Abia-born journalist and online publisher Ifeanyi Okali has called on the state governor, Dr.…
The Senate, on Thursday, approved the $2.2 billion fresh loan request by President Bola Ahmed…
Mike Ofikwu, an activist and lawyer from Otukpo, was brutally killed by unidentified armed men…