• About
  • Advertise
  • Privacy & Policy
  • Contact
Esanbinoculars
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
    • Home – Layout 6
  • News
    • All
    • Science
    • World

    Clark advises Okowa to resign as Atiku’s running mate

    Wike bars Atiku from Rivers campaign venue

    Nigeria: FG Replies El-Rufai, Says Buhari Committed to Free, Fair, Credible Polls

    Edo primaries: Obaseki-led PDP faction wins at Supreme Court

    Redesigned Currency: Buhari worried over long queues in banks – Finance Minister, Ahmed

    Obi not in talks with Atiku – Campaign organisation

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    These Are the 5 Big Tech Stories to Watch in 2017

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music

    2023: Don’t vote in thieves, looters – Mr Macaroni warns Nigerians

    JUST IN: Basketmouth announces separation from wife

    Court dissolves Paul Okoye’s eight-year marriage to Anita

    World Cup: Nigerians rejoice as Davido returns to social media with Chioma

    Asake bags Audiomack 2022 ‘Artiste of the Year’

  • Lifestyle
    • All
    • Fashion
    • Food
    • Travel

    Refrain from using social media to settle issues, Bishop urges couples

    Shooting More than 40 Years of New York’s Halloween Parade

    Heroes of the Storm Global Championship 2017 starts tomorrow, here’s what you need to know

    Why Millennials Need to Save Twice as Much as Boomers Did

    Doctors take inspiration from online dating to build organ transplant AI

    How couples can solve lighting disagreements for good

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    FG: Incoming Administration Will Inherit N77trn Debt

    APC failed on 40,000MW promise, rations 4,000MW

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
    • Home – Layout 6
  • News
    • All
    • Science
    • World

    Clark advises Okowa to resign as Atiku’s running mate

    Wike bars Atiku from Rivers campaign venue

    Nigeria: FG Replies El-Rufai, Says Buhari Committed to Free, Fair, Credible Polls

    Edo primaries: Obaseki-led PDP faction wins at Supreme Court

    Redesigned Currency: Buhari worried over long queues in banks – Finance Minister, Ahmed

    Obi not in talks with Atiku – Campaign organisation

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    These Are the 5 Big Tech Stories to Watch in 2017

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music

    2023: Don’t vote in thieves, looters – Mr Macaroni warns Nigerians

    JUST IN: Basketmouth announces separation from wife

    Court dissolves Paul Okoye’s eight-year marriage to Anita

    World Cup: Nigerians rejoice as Davido returns to social media with Chioma

    Asake bags Audiomack 2022 ‘Artiste of the Year’

  • Lifestyle
    • All
    • Fashion
    • Food
    • Travel

    Refrain from using social media to settle issues, Bishop urges couples

    Shooting More than 40 Years of New York’s Halloween Parade

    Heroes of the Storm Global Championship 2017 starts tomorrow, here’s what you need to know

    Why Millennials Need to Save Twice as Much as Boomers Did

    Doctors take inspiration from online dating to build organ transplant AI

    How couples can solve lighting disagreements for good

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    FG: Incoming Administration Will Inherit N77trn Debt

    APC failed on 40,000MW promise, rations 4,000MW

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

No Result
View All Result
Esanbinoculars
No Result
View All Result
Home Business

Old Naira notes: Nigerians will lose hard-earned money over CBN’s deadline – Experts

Uyi Osazee by Uyi Osazee
January 25, 2023
in Business, News
0
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Economic experts have said Nigerians would lose their hard-earned money over the Central Bank of Nigeria’s refusal to extend the January 31 deadline for phasing out N200, N500 and N1000 notes.

1

Recall that the Governor of CBN, Godwin Emefiele, said there is no going back on the deadline shortly after the Monetary Policy Meeting on Tuesday.

The CBN stated that 90-100 days is enough for the old naira notes to be deposited in banks.

But, reacting to CBN’s position, economic experts disclosed that innocent Nigerians would lose their hard-earned money.

On Tuesday, the Chief Executive Officer of the Centre for the Promotion of Private Enterprise, CPPE, Dr Muda Yusuf, said the more realistic option is for CBN to extend the deadline.

According to him, it is evident that CBN has production and logistics challenges regarding the new banknotes.

He stated that the CBN’s stance on not shifting the deadline would have consequences for Nigerians.

“On the currency exchange, it is evident that CBN has serious production and logistics limitations regarding the new currency notes.

“The most realistic option is to extend the deadline. Otherwise, there will be severe business disruptions, especially within the SME space, the informal sector and the rural economy. Many innocent Nigerians will lose their hard-earned money,” he said.

Also, a financial expert, Mr Idakolo Gbolade, said, “I am now concluding that the deadline is punitive and could cause some uninformed Nigerians significant loss if the dynamics remain the same.”

Similarly, an Accounting and Financial Development don at Lead City University, Ibadan, Prof Godwin Oyedokun, disclosed, “It is not our fault as citizens, and we cannot be made to suffer the inefficiency of those charged with governance”.

On October 26 2022, CBN announced the naira redesign policy, and barely a month after, on November 23, President Muhammadu Buhari unveiled the new naira notes, followed by its circulation on December 15.

Share this:

  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Like this:

Like Loading...

Related

Previous Post

2023 Presidency: Spiritual forces backing Peter Obi, movement not ordinary – Prophet

Next Post

Lagos 2023: Thugs attack PDP’s Jandor, Funke Akindele again

Uyi Osazee

Uyi Osazee

Next Post

Lagos 2023: Thugs attack PDP’s Jandor, Funke Akindele again

Leave a Reply Cancel reply

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

Stay Connected test


Warning: get_headers(https://api.behance.net/v2/users/jegtheme?client_id=t2wwIJCdYCWCdAdPHwef3hGvcx8ztA8o): failed to open stream: Permission denied in /home/www/esanbinoculars.com/wp-content/themes/jnews-theme/jnews/class/Widget/Normal/Element/SocialCounterWidget.php on line 681

Warning: get_headers(https://soundcloud.com/dialogdinihari): failed to open stream: Permission denied in /home/www/esanbinoculars.com/wp-content/themes/jnews-theme/jnews/class/Widget/Normal/Element/SocialCounterWidget.php on line 681
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

VERY. REV. FR. DR. JOHNBOSCO OBEAHON EZEHI OF UROMI, ELECTED NATIONAL PRESIDENT OF THE NIGERIA CATHOLIC DIOCESAN PRIEST ASSOCIATION (NCDPA)

November 1, 2021

Hon. Joseph Ugege, President United Uromi Youths Association Celebrates House Warming Party

August 23, 2021

See Nigerian girl causing problem on Facebook with her beauty

July 8, 2020

UNITED UROMI YOUTHS ASSOCATION DONATES SIENNA CAR TO UROMI DIVITIONAL POLICE FORCE

September 18, 2021

Kenyans are far behind Nigerians in every aspect – Fani-Kayode

4

adedimeji-lateef-weds-girlfriend-adebimpe-oyebadefans-react-photos/

1

Former Vice President, Atiku Abubakar, distances self from Hushpuppi

1

ESAN LEGEND MAN OF THE YEAR 2016

1

Clark advises Okowa to resign as Atiku’s running mate

February 2, 2023

Wike bars Atiku from Rivers campaign venue

February 2, 2023

Nigeria: FG Replies El-Rufai, Says Buhari Committed to Free, Fair, Credible Polls

February 2, 2023

Edo primaries: Obaseki-led PDP faction wins at Supreme Court

February 2, 2023

Recent News

Clark advises Okowa to resign as Atiku’s running mate

February 2, 2023

Wike bars Atiku from Rivers campaign venue

February 2, 2023

Nigeria: FG Replies El-Rufai, Says Buhari Committed to Free, Fair, Credible Polls

February 2, 2023

Edo primaries: Obaseki-led PDP faction wins at Supreme Court

February 2, 2023
Esanbinoculars

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • Apps
  • Business
  • Education
  • Entertainment
  • Fashion
  • Food
  • Gadget
  • Gaming
  • Health
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • Opinion
  • Politics
  • Protest
  • Review
  • Science
  • Sports
  • Startup
  • studio
  • Tech
  • Technology
  • Top News
  • Travel
  • World

Recent News

Clark advises Okowa to resign as Atiku’s running mate

February 2, 2023

Wike bars Atiku from Rivers campaign venue

February 2, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Return to Top ▲Return to Top ▲

Warning: array_sum() expects parameter 1 to be array, null given in /home/www/esanbinoculars.com/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 112
%d bloggers like this: