Home Banking & Finance JUST IN: Emefiele meets banks to implement latest naira policy

JUST IN: Emefiele meets banks to implement latest naira policy

Godwin-Emefiele-lagospost.ng
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The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday, said he has met with the leadership of at least 15 commercial banks since President Buhari’s latest directive on the new Naira policy.

Emefiele stated this at the State House in Abuja, for a separate assignment (not with the President) hours after the President announced that only the old N200 note will remain a legal tender until April 10, 2023.

Emefiele said the meeting with the bank executives earlier on Thursday was to ensure that the old N200 notes are made available to alleviate the sufferings of Nigerians.

LagosPost earlier reported that Buhari insisted that the old N500 and N1,000 banknotes are no longer legal tender in the country.

He, however, said the old N200 note will be legal tender for the next 60 days, till April 10, 2023, while beseigning Nigerians to deposit their old N500 and 1000 notes with the CBN.

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