Naira swap: House committee rejects extension, threatens Emefiele’s arrest
The House of Representatives Ad hoc Committee on new naira re-design and naira swap policy has added a new twist to the controversy surrounding the deadline for the validity of old notes by rejecting...
View ArticleBanks must accept old naira notes after 10 February deadline — Emefiele
The Governor of Central Bank of Nigeria CBN, Godwin Emefiele, has declared that commercial banks will still accept old Naria notes even after the February tenth deadline. Emefiele announced this today...
View ArticleContainer Imports Into Nigerian Ports Grows By Thirteen Point One-Zero...
The volume of imported containerised goods brought into Nigerian seaports has grown by thirteen point one-zero percent in five years to one million, nine thousand, three hundred and twelve, twenty-foot...
View ArticleCBN orders banks to pay new notes over the counter
The Central Bank of Nigeria (CBN) has reversed itself and directed banks to commence paying customers new Naira notes Over The Counter (OTC). The apex bank said the order was to reduce queues around...
View ArticlePresident Muhammadu Buhari begs Nigerians for seven days to resolve ‘cash...
President Muhammadu Buhari on Friday urged citizens to give him seven days to resolve the cash crunch that has become a problem across the country from the Central Bank of Nigeria policy to change...
View ArticleAllow new, old naira co-exist, APC govs urge Buhari
Members of the Progressives Governors’ Forum have urged President, Muhammadu Buhari to prevail on the Central Bank of Nigeria to allow the old and new naira notes to co-exist. They believe that this...
View ArticleFederal Government Accuses Opposing Political Parties, Says Opposing Parties...
he Federal Government, on Tuesday, slammed opposition political parties that went to court to restrain President Muhammadu Buhari, from stopping, extending or interfering with the naira swap deadline...
View ArticleEmefiele: British Parliamentarian Seeks Independent Institutions Ahead of...
The Central Bank of Nigeria CBN has said it would not allow itself to be seen as derailing the forthcoming general election, promising to do all within its mandate to assist the Independent National...
View ArticleAs naira scarcity persist commercial banks close as early as One O clock in...
As naira scarcity persist in Kwara state and Nigeria at large, commercial banks today close as early as One O clock in the afternoon while some did not open for service. Some of the staff who spoke...
View ArticleWe Allocate New Notes To Banks On Daily Basis — CBN
The Central Bank of Nigeria (CBN) has stated that the apex bank allocates new naira notes to banks on a daily basis, however, the scarcity of the redesigned naira is due to the fact that some Nigerians...
View ArticleWe Allocate New Notes To Banks On Daily Basis — CBN
The Central Bank of Nigeria (CBN) has stated that the apex bank allocates new naira notes to banks on a daily basis, however, the scarcity of the redesigned naira is due to the fact that some Nigerians...
View ArticleNaira swap: NMDPRA to sanction filling stations not accepting POS
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will sanction fuel stations that reject the use of Point of Sale (POS) machines or bank transfers at their outlets....
View ArticleNaira swap: NMDPRA to sanction filling stations not accepting POS
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will sanction fuel stations that reject the use of Point of Sale (POS) machines or bank transfers at their outlets....
View ArticleNaira Policy: Council of State backs Naira Redesign Policy
The Council of State meeting convened by President Muhammadu Buhari today, at the Presidential Villa came to an end with most of the participants backing the Federal Government’s naira redesign policy....
View ArticleNaira protest: Police arrest suspected hoodlums for allegedly stockpiling...
The Police Command in Oyo State says it has arrested some suspected hoodlums for allegedly stockpiling and smuggling arms into the state to cause violence, under the guise of peaceful protest over...
View ArticlePrint More Money Or Allow Co-Circulation, Council Of State Urges Buhari
The Council of State has advised President Muhammadu Buhari to direct the Central Bank of Nigeria (CBN) to print more redesigned naira notes or allow the new and old banknotes to circulate concurrently...
View ArticleNigeria Risks CBN-Induced Recession, Governors Warn
The Nigeria Governors’ Forum (NGF) has warned that the continuous scarcity of the N200, N500 and N1,000 new notes may lead to economic recession as well as severe food inflation. The Forum, in a...
View ArticleProtesters Reportedly Shutdown Lagos-Abeokuta Expressway Over Inability To...
Protesters on Tuesday reportedly shut the Lagos-Abeokuta Expressway at the Sango-Ota axis over their inability to withdraw money from Automated Teller Machines (ATMs). According to information...
View ArticleSupreme Court says Old naira notes remain legal tender
The Supreme Court has said its February 8 order barring the Federal Government and its agencies from enforcing the February 10 deadline for the use of old 200, 500 and 1000 naira notes still subsist....
View ArticleAdeleke tells CBN to sanction banks hoarding new Naira
Governor Ademola Adeleke of Osun State has asked the Central Bank of Nigeria (CBN) to sanction financial institutions hoarding the new Naira and ensure they are made available to the people. Disclosing...
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