New Naira note

Kaduna residents flooded commercial banks on Tuesday following the Central Bank of Nigeria’s directive that old N500, and N1,000 notes should remain valid legal tender until December 31. According to reports, many commercial banks’ gates were full before 8:00 am, with customers optimistic that their sufferings have come to an end. One of the residents, […]

The kwara state chapter of the National Orientation Agency NOA has frowned at commercial banks for doing dirty business with new naira note and for bringing hardship on the citizenry. While speaking on Royal FM programme tagged ” Oro ton-lo” the director of Kwara state chapter of NOA, Mr. Olusegun Adeyemi faulted Central bank of […]

Conference of Nigerian Political Parties Chairmen and candidates for the 2023 Election slated for February 25, have rejected alleged plans by some people to force the Central Bank of Nigeria to suspend the ongoing Naira Redesign Policy. The political parties’ chairmen and their candidates stated this in Abuja today at a joint news conference addressed […]

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed on Thursday said that the Federal Government is worried over the hardship the redesign of the Naira is causing the people. The Minister said the harsh realities faced by citizens due to the introduction of the new naira notes by the Central Bank of […]

Ahead of the deadline of the Central Bank of Nigeria, CBN, cashless policy, suspected Islamic State of West Africa Province, ISWAP, members have reportedly distributed some huge sums of old naira notes to commuters in the Lake Chad Basin. According to Information Gathered, the incident reportedly occurred over the weeknd along the Maiduguri/Monguno highway after […]

The Economic and Financial Crimes Commission EFCC and the Department Of State Services, DSS,  have arrested members hoarding and trading the redesigned Naira notes. According to the EFCC spokesperson, Wilson Uwujaren, the operations were carried out on Monday. He noted that the operation followed intelligence on activities of unscrupulous currency speculators who were exploiting citizens by […]

The Governor of the Central Bank of Nigeria (CBN) on Thursday in Abuja updated President Muhammadu Buhari on the activities of the bank. The CBN governor, who briefed the president, had earlier on Thursday morning attended a meeting between the president and the visiting Director General of the Arab Bank for Economic Development, Dr Sid […]

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