The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, is being buffeted by a platoon of vested interests in Nigeria. His ‘sin’ is that he redesigned the naira, thus rendering the old notes invalid from a particular date. No sane person will find himself in Emefiele’s position...
naira redesign
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...
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has promised to provide seamless cash needed for Independent National Electoral Commission (INEC) to prosecute the 2023 general election. The promise was in aftermath of the naira redesign policy of the present administration which restricted the withdrawal of money...
The management of Techno Oil Ltd. has directed its outlets nationwide to make fuel sales to motorists round the clock, to mitigate the hardships facing Nigerians currently. The Chief Executive Officer of the company, Mr Tony Onyeama, made the announcement on Monday in Lagos while speaking on the efforts...
By OLA MUDOPE, Ibadan – The All Progressives Congress (APC) has postponed its presidential campaign rally scheduled for Tuesday in Ibadan indefinitely. The APC Publicity Secretary in Oyo State, Mr Olawale Sadare, announced the postponement in a statement issued on Monday in Ibadan. Mr. Sadare said the decision was...
Director-General, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Mr Sola Obadimu says the Central Bank of Nigeria (CBN) should have introduced N5,000 note rather than redesigning old notes. Mr. Obadimu, stated this in an interview with the News Agency of Nigeria (NAN) in Abuja on...
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...
Rep. Tolulope Akande-Sadipe (APC-Oyo) has urged the Central Bank of Nigeria (CBN) to ensure that the redesigned naira notes were available to cash-trapped Nigerians. She made this known in a statement by Mr Olamilekan Olusada, the Media Aide to the lawmaker in Abuja on Sunday. According to her, the...
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,...
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...
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,...
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...
President Muhammadu Buhari has met behind closed doors with governors elected under the platform of the All Progressive Congress (APC) at the Presidential Villa, Abuja. The News Agency of Nigeria (NAN) reports that the agenda of the meeting was not officially made known to newsmen as at the time...
…Stands on February 10, 2023 Deadline for Legal Status of Old Banknotes The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has assured that no Nigerian will lose money under the Naira redesign project, adding that the project is in the overall interest of Nigerians and...
The Majority Leader of the House of Representatives, Alhassan Ado Doguwa has expressed suspicion that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele “misled” President Muhammadu Buhari on the redesign of the N200, N500, N1,000 bank notes. Doguwa, who is a member of the All Progressives...
The scarcity of the redesigned naira notes and the fact that traders and business owners are rejecting the old notes, have forced many residents to adopt cashless transactions in Awka, Anambra. The News Agency of Nigeria (NAN) reports that the Central Bank of Nigeria (CBN) has fixed Jan. 31...
The Central Bank of Nigeria (CBN) has begun a cash swap policy in Bayelsa, through agents, to distribute the newly-redesigned naira notes to rural communities. The News Agency of Nigeria (NAN) reports that the CBN recently made arrangements with super agents, as well as mobile money operators to swap...
Operators of Commercial Banks in the country have countered the Central Bank of Nigeria (CBN) over claims that the commercial banks have enough naira notes in their kitty but hoarding them. The banks countered the CBN when their officials appeared before the House of Representatives ad hoc committee investigating...
The All Progressives Congress (APC) says no attempt to create conflict between Asiwaju Bola Tinubu and President Muhammadu Buhari will succeed. Mr Bayo Onanuga, Director, Media and Publicity, APC Presidential Campaign Council (PCC) said this in a statement on Thursday in Abuja. Onanuga was reacting to media report alleging...