The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is reportedly in a closed-door meeting with President Muhammadu Buhari at the State House, Abuja.
This is coming shortly after a Supreme Court ruling on Wednesday ordered that the old naira notes should remain in circulation beyond the February 10 deadline earlier announced.
The apex court gave the fresh order barely two days before the deadline for the naira swap announced by the CBN.
In a unanimous ruling, a seven-man panel of the Supreme Court led by Justice John Okoro, granted the interim injunction after an ex parte filed by Kogi, Kaduna and Zamfara state governments.
The highest court also held that the Federal Government and the apex must not continue with the deadline pending the determination of a notice on notice in respect of the issue on February 15.
Recall that Nigerians have been finding it hard to access cash due the CBN. This has led to protests across the country.
More details shortly…
