Mr Kumo assured that the committee would discharge its responsibility with thoroughness, transparency and fairness.
Across Nigeria, banks’ ATMs are often empty, subjecting millions of Nigerians to pay a higher charge to obtain a small amount of cash from PoS agents.
The Central Bank of Nigeria on Friday reaffirmed the validity of the N1000, N500 and N200 denominations.
Mr Cardoso noted that guidelines would be distributed widely to raise public awareness.
Mr Yusuf-Muhammad urged the court to discountenance the respondents counter affidavit and grant the applicants reliefs.
It is not advisable for the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to further tighten the Monetary Policy Rate (MPR).
A financial expert, Uche Uwaleke, says the Monetary Policy Committee of the Central Bank of Nigeria is likely to raise interest rates again.
CBN urges the public to remain vigilant and promptly report any suspicious activities or publications to the relevant law enforcement agencies.
Mr Obiorah, who later became deputy governor, said the CBN board first heard of the naira redesign policy on December 15, 2022.
The CBN governor noted that financial inclusion can unlock untapped economic potential, particularly for underserved groups.
