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    New Naira policy: Emefiele meets with Buhari after Supreme Court ruling

    Oreva BenedictBy Oreva BenedictFebruary 8, 2023

    The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, met with President Muhammadu Buhari on Wednesday.

    This came hours after the Supreme Court stopped CBN from continuing with the February 10 deadline for the validity of old naira notes.

    A seven-man panel of the Supreme Court led by Justice John Okoro, in a unanimous ruling had on Wednesday ordered that the old naira notes remain in circulation even after the new deadline.

    The development followed an ex parte filed on Tuesday by the Kogi, Kaduna and Zamfara state governments.

    The Supreme Court also held that the Federal Government and the CBN must not continue with the deadline pending the determination of the hearing on February 15.

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