• Old banknotes withdrawal extended to February 17, faces legal test
• Reps rejects CBN’s extension, insists on Emefiele’s arrest if he fails to show up
• Currency swap deadline puts N100tr national output at risk, says CPPE
• Emefiele: Banks rake in N2.4 trillion, currency outside system down to 25 per cent
• Youths call off planned protest at CBN headquarters
• CBN to monitor, sanction banks hoarding new naira notes
• Security consultant calls for presidential task force against saboteurs
These are not the best of times for many Nigerians, who have, in the last few months, contended with lingering petrol scarcity amid deteriorating power supply and inflation, with the situation currently compounded by the rush to meet a new deadline for withdrawal of old banknotes from circulation.
Best described as chaos, many Nigerians, at the weekend, thronged petrol…
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