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Economy

Gov. Zulum Tackles Banks: Dispense New Notes Or Get Your Land Revoked

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 state government. Zulum issued the directive on Friday…

Why CBN Must Revisit Cash Swap Deadline, Withdrawal Limit Policies — Arewa Groups

Arewa groups under the aegis of the Coalition of Northern Groups (CNG) has restated its demand for the immediate reversal of the cash withdrawal limit policy of the Central Bank of Nigeria (CBN) and the time set for the exchange…

CNPP Tackles Tinubu Campaigners Over Corruption In NNPCL, Insists Corrupt Officials Can’t Fight Corruption

Conference Of Nigeria Political Parties (CNPP) has responded to the insinuations by a group associated with the Presidential and Vice-presidential candidates of the ruling All Progressives Congress (APC), Bola Ahmed Tinubu and Kashim Shettima that the CNPP was engaging in…

How To Exchange Old Naira Notes After February Deadline – CBN

The apex bank in the country, the Central Bank of Nigeria (CBN) has given conditions for the swap of old Naira notes after the February deadline. Clarifying the position of the CBN Governor, Godwin Emefiele, the Director of the Corporate…

Naira Redesign: Lagos Assembly Commends NASS Over Intervention

…Says Nigerians Are Suffering, Economy in Danger The Naira redesign policy of the Central Bank of Nigeria (CBN) has brought mass suffering on the citizens of the country while the economy is in danger, the Lagos State House of Assembly…

SDP Presidential Candidate Pick Holes In CBN Policy On Naira Redesign

The presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo, has faulted the currency redesign policy of the Central Bank of Nigeria (CBN). Prince Adebayo was speaking to Channels Television in an interview on Sunday. Speaking during the…

How Cashless System Can Help Track Election Financing In Nigeria – Osinbajo

…. As EU Election Observers Visit VP When effectively operated, a cashless policy in Nigeria can help stem the surge of illicit election financing by making it possible to track funds, according to Vice President Yemi Osinbajo, SAN. In his…

Old Naira Swap Extension: CNPP Commends Buhari, Urges CBN, Security Agencies To Sanction Banks Hoarding New Notes

Conference Of Nigeria Political Parties (CNPP) has commended President Muhammadu Buhari for approving a 10-day extension of the deadline for the swapping of old currency to the newly redesigned Naira notes. The Governor of the Central Bank of Nigeria (CBN),…

Buhari Approves 10-day Extension of Old Naira Swap

President Muhammadu Buhari on Sunday in Daura, Katsina State, approved a 10-day extension of the deadline for the swapping of currency to new notes. The News Agency of Nigeria (NAN) reports that the Governor of the Central Bank of Nigeria…

Anguish, Frustration Trail ATMs Failure To Dispense Naira Notes

Barely four days to the expiration of the old naira notes deadline, many Automated Teller Machines (ATMs) in major parts of Lagos do not dispense either the old notes or the new naira notes, leaving customers stranded. The situation is…

Old Naira Notes Deadline: Muslim Rights Group Sends Requests To CBN

Amid the the insistence of the Central Bank of Nigeria on the January 31, 2023 deadline for the expiration of the old Naira notes, the Sokoto State Chapter of the Muslim Rights Concern (MURIC) has appealed to the Federal Government…