- Bismark Rewane, a well-known economist, has expressed his thoughts on the CBN’s naira redesign
- The CBN’s deadline for exchanging old naira notes for new ones was set for February 10, 2023
- The Supreme Court is expected to rule on the naira swap deadline in a case brought by governors
Bismarck Rewane, who is the CEO of Financial Derivatives Company Limited has projected that the Nigerian economy will suffer from the naira swap policy of the Central Bank of Nigeria (CBN).
Speaking on Channels TV, Rewane predicted that there will be a three-to-five-percent drop in the gross domestic product (GDP) of Q1 2023 as a direct result of the naira swap.
