The Centre for the Promotion of Private Enterprise has urged the Central Bank of Nigeria to indefinitely suspend its Naira redesign policy. The Director
The Centre for the Promotion of Private Enterprise has urged the Central Bank of Nigeria to indefinitely suspend its Naira redesign policy.
DAILY POST recalls that on October 26, the apex bank announced Naira redesign policy, with the January 31 proposed deadline to withdraw N200, N500 and N1000 old naira notes. On March 8, the Supreme Court intervened, ordering an extension of the deadline for old N200, N500, and N1000 withdrawals till December 31, 2023.
He noted that the momentum for a cashless economy should be sustained without resorting to the crude methodology of cash confiscation.
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