News
Senate Begs CBN To Extend Deadline On Old Naira Notes To..

The Senate on Tuesday again urged the Central Bank of Nigeria (CBN) to extend the use of old Naira notes till June 30, 2023.
This followed a motion on naira redesign moved by Senator Sadiq Sulaiman (APC-Kwara North) on the floor.
The Upper Chamber on December 28, 2022 advised the CBN to extend the phasing out of old currency notes scheduled for January 31, 2023 for six months.
Read Also: CBN Increases Interest Rate To 17.5%
However, the CBN has vowed to go ahead with its January 31, 2023 deadline.
Senator Sulaiman said the call has become necessary in view of the financial hardship the “rushed” phasing out of the old Naira notes would inflict on Nigeria, especially the rural populace, who don’t readily have access to banking facilities.
Read Also: Suspended PDP Chieftain, Nnamani Dares NWC, Campaigns For Tinubu
He insisted that the redesigned notes are scarce and not available for those wishing to change their money to the new notes.
Senators in their contributions supported the motion except Senator Sam Egwu (PDP- Ebonyi North)
Read Also: Anxiety In Osun As Tribunal Set Friday To Deliver Judgement
-
Education4 months ago
Osun Govt Set For Recruitment Of Teachers
-
Sport3 months ago
Messi’s MLS Dream Faces Blow As Miami Failed To Qualify
-
News3 months ago
Breaking : Tinubu Redeploys Oyetola, Others As Minister Designates
-
News3 months ago
Presidential Election Tribunal: Anxiety As Tinubu, Obi, Atiku Know Fate Today
-
Sport3 months ago
Novak Djokovic Sets New Record As He Enters US Open Semi-final
-
Sport3 months ago
Rivalry With Lionel Messi Gone – Ronaldo Confesses
-
Sport3 months ago
Lionel Messi Shoulders Inter Miami To beat MLS Champions
-
Education2 months ago
Odetayo Sets To Resume As Osun Poly Rector After Two-Week Break