A Civil Society Organisation, Save Nigeria Movement (SNM), said the Central Bank of Nigeria (CBN) should compensate Nigerians with two trillion Naira for losses during the naira redesign by the suspended Governor, Godwin Emefiele. The group said this in a letter to the CBN dated July 6 through...
emefiele
The Nigerian Bar Association (NBA) on Wednesday, described as despicable, the July 25 altercation between the Department of State Security Service and officials of Nigeria Correctional Service (NCoS) before a Federal High Court Lagos. NBA President, Mr Yakubu Maikyau (SAN) has consequently called for disciplinary measures of officers involved...
One of the major decisions taken by President Bola Tinubu on assumption of office on May 29, after removal of petrol subsidy, was the suspension of the governor Central Bank of Nigeria (CBN), Mr Godwin Emefiele. The Secretary to the Government of the Federation (SGF), Sen. George Akume, who...
Within a fortnight in power, President Bola Tinubu may have set the tone and tempo for what promises to be a dizzying presidency. Right from the inauguration ground at Eagle Square, he could not suppress his anxiety to be in power and in control at the same time. Most...
Long queues at commercial banks in Lagos have suddenly disappeared following the injection of more bank notes by the Central Bank of Nigeria (CBN) into commercial banks, the News Agency of Nigeria (NAN) has reported The apex bank had on Thursday confirmed the evacuation of bank notes from its...
Mr Issa Aremu, the Director-General, Michael Imoudu National Institute of Labour Studies (MINILS), Ilorin, has advised the Central Bank of Nigeria (CBN) to engage the Nigeria Labour Congress (NLC) in social dialogue to avert picketing over cash scarcity caused by naira redesign. Aremu made the call on Thursday in...
Lagos State residents on Tuesday began to accept the old N200, N500 and N1,000 banknotes for transactions, following a validation from the Central Bank of Nigeria (CBN) to do so. The News Agency of Nigeria (NAN) reports that the CBN in a statement signed by its acting Director, Corporate...
Some traders and marketers in Lagos have said they would accept the old denominated naira notes of N500 and N1,000, only when President Muhammadu Buhari gives the order. The people told the News Agency of Nigeria (NAN) in separate interviews that they were being careful and at the same...
The governor of Kogi State, Yahaya Bello, has blamed those he referred to as inherited Peoples Democratic Party (PDP) members in the All Progressives Congress (APC) for ‘misleading’ President Muhammadu Buhari on the naira redesign policy. The Supreme Court on Friday ordered that old N200, N500, and N1,000 notes...
A lawmaker in Ondo state, Mr Sunday Olajide, has described as “choking’’ and pain inflicting the Central Bank of Nigeria (CBN) redesigned naira note policy introduced late last year. Olajide, a member of the Ondo State House of Assembly, representing Akure South Constituency 2, in a statement made available...
Lagos lawyer, Mr Monday Ubani, on Thursday, said the Supreme Court still had a duty to decide on whether its original jurisdiction was properly invoked in deciding on the naira swap. Ubani told the News Agency of Nigeria (NAN) that although the Supreme Court possessed original jurisdiction in matters...
Asiwaju Bola Tinubu, APC presidential candidate, says the Supreme Court ruling on the implication of Central Bank of Nigeria (CBN) re-designed naira notes and cashless policy has saved Nigeria from political and economic shutdown. Tinubu in a statement issued by Mr Bayo Onanuga, Director, Media and Publicity, APC Presidential...
The Supreme Court on Wednesday temporarily stopped the withdrawal of old Naira Notes from Feb. 10 A seven-member panel led by Justice John Okoro, halted the move in a ruling in an exparte application brought by three northern states of Kaduna, Kogi and Zamfara. The three states had specifically...
The National Security Adviser (NSA) to the President, retired Maj.-Gen. Babagana Monguno, has assured Nigerians that the 2023 general elections would be conducted in an atmosphere devoid of rancor. Monguno gave the assurance during his meeting with the Independent National Electoral Commission (INEC) and leadership of security agencies in...
By EMMANUEL KUJE, Abuja – The African Democratic Congress (ADC) Presidential Candidate, Mr Dumebi Kachikwu, says the insufficient circulation of the new Naira notes posed great threats to the country’s peace. Mr. Kachikwu in a statement on Tuesday in Abuja, said it was disheartening to see Nigerians endure long...
Kaduna, Kogi and Zamfara states have instituted a suit against the Federal Government seeking a restraining order to stop the full implementation of the Naira redesign policy of the Central Bank of Nigeria (CBN). In a motion ex-parte filed before the Supreme Court, the three states are praying the...
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...
Some Lagos residents have expressed their frustration and anger as they spend hours on long queues without being able to withdraw cash via Automated Teller Machines (ATMs). A NAN correspondent who monitored the development at some banks around Airport Road, Ikotun, Surulere, Ejigbo and Oshodi-Isolo axis, reported that people...