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...
new Naira notes
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 HARUNA AHMED, Sokoto – The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has been asked to resign within 72 hours or face legal action. A group, known as the Concern Citizens of Sokoto State (CCSS) made the call in a letter dated Feb. 2, which...
The All Progressives Congress (APC) Presidential Campaign Council (PCC) says the Central Bank of Nigeria (CBN) naira re-design is ill timed. Mr Bayo Onanuga,Director, Media and Publicity APC PCC said this in a statement on Friday in Abuja. “The naira re-design policy has become a burden too heavy to...
The Central Bank of Nigeria (CBN) has deployed agents to some commercial banks premises in Lafia, Nasarawa State to facilitate its new naira swap policy. Mr Atiku Muhammed-Nasir, Director, Security Service of the apex bank, told newsmen on Friday in Lafia that the measure was to help decongest the...
By DAVID IORJA, Abuja – President Muhammadu Buhari on Friday urged citizens to give him a seven-day window to resolve the currency crunch that has emanated from the implementation of the Central Bank policy to change high value Naira notes with newly designed ones. The President said this while...
By OLA MUDOPE, Ibadan – Oyi State Governor, Seyi Makinde, has suspended his campaign activities until further notice over the lingering fuel scarcity and new naira-note crisis in the state. Governor Makinde, announced the suspension of his campaign activities at the flag off of the Omi-Adio-Ido Road on Friday....
Some Point of Sale (PoS) operators have alleged that bank officials sell cash (both old and new naira notes) to them depending on the amount withdrawn. Some of the operators who spoke to the News Agency of Nigeria (NAN) in Abuja on Friday, said they paid exorbitant amounts to...
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN) has directed commercial banks to begin the payment of the redesigned naira notes over the counter. Emefiele gave the directive in a statement posted on the CBN Website on Thursday and signed by the Director, Corporate Communications, Mr Osita Nwanisobi...
Scarcity of cash has crippled Point of Sales (POS) centres in the Federal Capital Territory (FCT) while the few operators with cash now charge between N200 and N300 per N1,000. A correspondent of the News Agency of Nigeria (NAN) who went round Kuje Area Council in the FCT on...
The price of essential food stuff has dropped in Daura central market due to the inaccessibility of the new Naira notes. A correspondent of the News of Agency of Nigeria (NAN) who conducted a market survey on Thursday, reports that a sack of grains containing 40 bowl measures which...
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has urged lawmakers and Nigerians to show understanding, adding that the apex bank was out to combat the incidence of insecurity in the country. Emefele made the call in Abuja on Tuesday before the House of Representatives’ fact finding...
…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 Central Bank of Nigeria (CBN), Bauchi State, says it allocates N30 million new naira notes daily to each branch of banks in the state to increase access of customers to the new notes. Mr Abdulkadir Jibrin, an official of the apex bank, said this while monitoring banks in...
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...
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 Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the excuse of security threats pushed by Gov. Abdullahi Ganduje of Kano State has no bearing on the ongoing currency swap across the country. Ganduje had in an interactive session with crtical stakeholders, including scholars, legislators,...
Dr Muda Yusuf, Founder, Centre for the Promotion of Private Enterprises (CPPE) says a further extension by six months is not ideal for old naira notes to be phased out of circulation. Yusuf said this on Sunday in Lagos while reacting to the 10-day extension to the Jan. 31...
Mixed reactions have trailed the Central Bank of Nigeria (CBN) extension of the deadline for collection of old naira notes by 10 days. Some Nigerians who spoke in separate interviews with the News Agency of Nigeria (NAN) on Sunday in Lagos, commended the CBN for the extension, while others...
The House of Representatives Ad-hoc Committee on New Naira Re-design and Naira Swap Policy has rejected the 10 days extension announced by the Central Bank of Nigeria (CBN) for the exchange of old naira notes. The Chairman of the committee, Rep. Ado Doguwa (APC-Kano), in a statement on Sunday,...