CPPE lauds Supreme Court’s restraining order on cash swap deadline

The Centre for the Promotion of Private Enterprises (CPPE) on Wednesday lauded the restraining order issued by the Supreme Court on the deadline for the currency swap programme in Nigeria.

In a statement by Muda Yusuf, chief executive officer of the CPPE, the organisation noted that the order will bring back stability to economic activities, particularly in the informal sector and rural economy, and ease current social tension in the country.

On Wednesday, the Supreme Court ordered the Central Bank of Nigeria (CBN) to suspend its plan to put an end to the use of old naira notes on 10 February.