By DANJUMA JOSEPH, Lafia – Governor Abdullahi Sule, of Nasarawa State, has stormed the Masaka branch of the Union Bank, where he directed banks in the state to make funds available to its customers. Gov Sule, gave the directive today when he stopped over while on his way to...
new Naira notes
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...
President Muhammadu Buhari on Tuesday met with the leadership of the Nigeria Governors Forum (NGF) and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, at the State House, Abuja. The News Agency of Nigeria (NAN) reports that the president had earlier scheduled to meet with all...
The primary purpose of government is the welfare and safety of the citizenry through provision of security, policies and programmes that would enhance their well being, and address their challenges in various ways. This is trite, not in this clime, it beggars repeating. At this time in Nigeria, one...
The PDP Presidential candidate, Alhaji Atiku Abubakar, has told the Federal Government not to allow Nigerians to be made scapegoats “in the ongoing battle of titans over the redesign of the naira’’. Atiku made the appeal in a statement by his media aides in Abuja on Tuesday. He said...
By EZEKIEL OBI, Abuja – The Economic and Financial Crimes Commission (EFCC) has arrested an Operations Manager of a leading Commercial bank in Abuja Central Area for refusing to load the Automated Teller Machines (ATMs) of the bank despite having N29 million of the new naira notes in the...
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...
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...
By EZEKIEL OBI, Abuja – The Muslim Rights Concern (MURIC), has called on the Federal Government to probe a report that the presidential spokesperson for the People’s Democratic Party (PDP) Senator Dino Melaye and others ‘smuggled out’ N50 billion new notes from the Central Bank of Nigeria (CBN). MURIC’s...
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...
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...
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...
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...
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...