Connect with us

Hi, what are you looking for?


Naira Crisis: We’ll Pump N800bn Before February Ends – Emefiele

President Buhari has asked the CBN to consider recommendations offered by the Ado Doguwa-led House of Representatives’ ad-hoc Committee on Naira Re-design, Cashless Policy and Currency Swap, to correct identified problems with the new national monetary policy.

The president gave the advice on Thursday when he received a briefing from members of the House ad-hoc Committee at the Presidential Villa, Abuja.

The CBN governor, Godwin Emefiele, assured that N200 currency notes taken out of circulation would be moved back from yesterday. He promised that by the end of February, the CBN would have brought between N700 billion to N800 billion, well in excess of what is needed to run the economy, into circulation.

Speaking to State House reporters after the meeting, Emefiele said he had met 15 top banks earlier in the day in an effort to resolve prevailing problems and will do so again later in the evening, appealing to Nigerians to be patient with the process as the current pains will soon ease off.


Follow us on Twitter at @thesignalng

Copyright 2023 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Signal-Tesslo Ad



Central Bank of Nigeria’s Monetary Policy Committee has voted to increase the benchmark interest rate by 50 basis points to 18. percent, Channels Television...


The Department of State Services (DSS) has stepped up investigations with a view to arrest and prosecutes the governor of the Central Bank of...


Supporters of the new Naira policy of the Federal Government, who were embarking on a peaceful street protest, came under heavy attack by thugs...


The Council of State has thrown its weight behind the Naira Redesign policy of the Central Bank of Nigeria (CBN), with an advice for...

Copyright ©