* After National Council of State advice
Members of the management team of the Central Bank of Nigeria (CBN) are to meet on Monday (February 13) to review the crisis that the Naira redesign project has generated and come up with solutions to the cash crunch that has nearly paralysed the country.
Sources said the meeting would also consider the advice of the National Council of State that the apex bank should print more redesigned N1,000, N500 and N200 notes or re-circulate the old versions withdrawn from circulation, in order to ease the current cash crunch.
It was learnt that the meeting, which will hold at CBN headquarters in Abuja, would involve the top echelon of the apex bank, and a fresh directive might be issued to Deposit Money Banks on whether to keep accepting deposits of the old notes or not.