By EZEKIEL OBI, Abuja b- The Peoples Democratic Party (PDP) has called on President Muhammadu Buhari to protect Nigerians by going after political leaders and saboteurs mopping up the new Naira notes. The PDP National Publicity Secretary, Debo Ologunagba, made the call in a statement issued on Sunday in...
CBN
Some traders in Sango-Ota, Ogun, on Monday, appealed to the Central Bank of Nigeria (CBN) to make concerted efforts to address the lingering cash crunch in Deposit Money banks to prevent total collapse of economic activities. They expressed their views in separate interviews with the News Agency of Nigeria...
Adams Oshiomhole has accused the Central Bank of Nigeria (CBN) of deceiving President Muhammadu Buhari over the redesign of the naira notes. President Buhari last year approved the redesign of the N1,000, N500, and N200 notes. The move, has, however, created hardship among Nigerians who battle to lay hands...
Mr Femi Gbajabiamila gives a speech during a plenary at the House of Representatives chamber of the National Assembly in Abuja. The Speaker of the House of Representatives Femi Gbajabiamila says the lawmakers may reconvene if the hardship occasioned by the naira swap continues. While the lawmakers are on...
Many FCT residents have continued to face difficulty in accessing the newly redesigned Naira notes, attributing the challenge to bank officials, who they say allegedly hoard and selling the legal tender. The stakeholders urged the Central Bank of Nigeria (CBN) to impose heavy sections on Deposit Money Banks (DMBs)...
Presidential candidate of the Labour Party (LP) Mr Peter Obi has appealed to banks to expedite action to reduce the pains and discomfort small depositors and the unbanked are currently going through. In a statement issued on Sunday in Abuja by the Labour Party Presidential Campaign Council’s media team,...
By EZEKIEL OBI, Abuja – As the scarcity of Naira currency crisis hit harder, the Human and Environmental Development Agenda (HEDA Resource Centre) has charged the Central Bank of Nigeria (CBN) to review its new notes apportioned ratio policy and also to collaborate with law enforcement agencies in monitoring...
Gov. Mai Mala Buni of Yobe has directed the state-owned Yobe Microfinance Bank to open branches in all the 17 Local Government Areas of the State. In a statement by Buni’s Director-General, Press and Media Affairs, Alhaji Mamman Mohammed in Damaturu on Saturday, the directive was part of measures...
The Central Bank of Nigeria (CBN), in collaboration with the Economic Financial Crime Commission (EFCC), has met with officials of commercial banks in Gombe as a measure against violation of its guidelines. Speaking to newsmen shortly after the meeting in Gombe on Saturday, Aliyu Ashiru, Deputy Director, Financial Markets...
Rivers State Governor, Nyesom Wike has warned cabals reportedly trying to scuttle the February 25 and March 11 general elections to desist from the plot, saying no to any form of ‘interim government’. “Let nobody try to scuttle this election,” the governor warned on Saturday during a campaign in...
By SADIQ ABUBAKAR, Maiduguri – The lawmaker representing Borno South Senatorial District at the National Assembly, Senator Mohammed Ali Ndume has accused the Central Bank of Nigeria (CBN) of suffering poor Nigerian and frustrating national economy with its cashless policy implementation process. Senator Ndume, who is also the Chairman,...
The Arewa Youth Consultative Forum (AYCF) on Saturday urged the Peoples Democratic Party (PDP) to stop playing politics with the new Naira policy and challenges Nigerians faced in accessing the new notes. Alhaji Yerima Shettima, the National President of the AYCF, in a statement on Saturday in Lagos, frowned...
By SADIQ ABUBAKAR, Maiduguri – Except for those with verifiable constraints such as lacking supplies from the CBN, Borno State Governor, Babagana Zulum has directed that any bank which refuses to dispense new naira notes via Automated Teller Machines (ATMs) and banking halls should have its land revoked by...
The Police Command in Enugu State has nabbed two male suspects possessing, transacting and selling counterfeited redesigned N1,000 notes within a council area in Enugu State. The suspects were in possession of counterfeited 180 pieces of the Central Bank of Nigeria (CBN) newly- redesigned N1,000 notes, with face value...
Some bank Customers in Sango-Ota have appealed to the Central Bank of Nigeria (CBN) to sanction Money Deposit Banks that are not paying the maximum N20,000 to customers over the counter. They expressed their views in separate interview with the News Agency of Nigeria (NAN) on Friday in Ota,...
Residents of Bauchi have continued to lament over scarcity of the new Naira notes as they were unable to get cash from counters in banks, Automated Teller Machines (ATMs) and Point of Sales (POS) in the state. Some of the residents that spoke to the News Agency of Nigeria...
By EMMANUEL KUJE, Abuja – The Inspector-General of Police (I-G), Mr Usman Baba, has ordered full enforcement of the CBN Act, 2007 that criminalises the hawking and selling of naira notes. The Force spokesman, CSP Olumuyiwa Adejobi, said in a statement on Friday in Abuja, that the IGP ordered...
By EZEKIEL OBI, Abuja – The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), an umbrella body of Nigerian pastoralists, has urged the Central Bank of Nigeria (CBN) to mainstream the interest of pastoralists in the implementation of cashless policy. It also called on the CBN to extend the...
Some residents of Rivers have decried high charges banks’ money agents popularly called Point Of Salen (POS) operators. Some of the residents who spoke to the News Agency of Nigeria (NAN) on Friday in Port Harcourt,said that they were charged N1,000 to N1,500 to withdraw N10,000 while some said...
By DAVID IORJA, Abuja – Worried by the difficulty experienced by Nigerians in getting the new naira notes, Vice President Yemi Osinbajo, SAN on Friday met with some players in the FinTech space, exploring possible ways of mitigating the hardship. VP Osinbajo urged regulators and the banks to deploy...