Breaking: Buhari unveils new naira notes Wednesday

0
Advertisements

The new naira banknotes will be unveiled by on Wednesday, according to Central Bank of Nigeria () Governor Godwin .

Emefiele told journalists at the conclusion of the Monetary Policy Committee (MPC) meeting in Abuja on Tuesday that the unveiling will take place at 10 a.m.

Read Also: Joy as UNILAG begin Manufacturing of Cars

He stated that it will occur in the Council Chambers at the meeting of the Federal Executive Council (FEC).

Advertisements
Advertisements

The CBN will not extend the January 31, 2023 deadline for the ultimate launch of the , according to Emefiele.

The CBN Governor commended Buhari for consistently protecting the central bank, the Senate for its support, and the security services, particularly the , for ensuring the program’s smooth transfer.

Read Also Hope for PDP As Wike, allies set to reunite with Atiku

Advertisements

Emefiele also announced an increase in interest rates to 16.5%, while maintaining all other conditions.

As a result of “tightening rates,” he explained, the CBN’s decision to combat inflation has begun delivering beneficial benefits, hence the increase in interest rates.

Advertisements
Advertisements

Advertisements
Advertisements

LEAVE A REPLY

Please enter your comment!
Please enter your name here