Tag: Cashless Policy
-
Cash swap has brought hardship to Nigerians – Lawan
Senate President, Ahmad Lawan, has said that the poor implementation of the Naira swap has brought hardship to millions of Nigerians. In a statement he personally signed, Lawan stated that while the policy was laudable but that its poor implementation had beclouded the merits therein. In the statement Lawan said: “I sincerely empathise with fellow…
-
APC PCC clarifies Tinubu’s stand on CBN’s cashless policy
T he APC Presidential Campaign Council (PCC) says the party’s presidential flag bearer, Sen. Bola Tinubu, is not in any way against the cashless policy of the Central Bank of Nigeria (CBN). Mr. Bayo Onanuga, Director, Media and Publicity of the PCC, while addressing newsmen on Thursday in Abuja said Tinubu was only concerned about…
-
Cash crunch relief: Obaseki orders free bus services by ECTS
The Edo State Governor, Godwin Obaseki, has directed that beginning from today, Thursday, February 16, 2023, all Edo City Transport Service (ECTS) buses are to provide free services to passengers, as a means of reducing the effect of the cash crunch experienced by the people. The directive is applicable to all routes and is effective…
-
Empowering telcos to reduce the pains of cashless policy – By Okoh Aihe
On my birthday, my prayer for Nigeria is not a cashless crunch that sends nearly everybody to the very nadir of life, but a prayer that Nigerians feel the kind of verve and optimism that have enveloped me this day, and build the kind of hope and audacity that ridicule adversity.
-
Naira redesign: I’ve nothing against CBN – Tinubu
T he All Progressives Congress (APC) Presidential Candidate, Bola Ahmed Tinubu, says he does not have anything against the Central Bank of Nigeria (CBN) Naira re-design and cashless policy. Tinubu said this in a statement on Sunday in Abuja, adding that he is only concerned
-
BREAKING: Council of State endorses CBN cash swap
The Council of State meeting, presided over by President Muhammadu Buhari, on Friday, approved the Central Bank of Nigeria, CBN cashless policy with a proviso that the apex bank must make available enough new notes to ease the pains of Nigeria. The meeting which lasted for over four hours at the Council Chambers, Presidential Villa
-
Naira swap/cashless policy may affect troops in the fields – NSA
The National Security Adviser (NSA) Maj.-Gen. Mohammed Monguno (rtd), has said that the change of currency and cashless policy of the Central Bank of Nigeria (CBN), if not well thought out, may affect operations of troops in the field. Monguno made the observation when he appeared before an Ad hoc Committee
-
Cashless policy: Reps Cttee submits report, to monitor CBN cash releases weekly
…ask CBN to restore over-the-counter transaction to the old limit before the new policy takes effect The House of Representatives ad-hoc committee on cashless policy on Tuesday submitted its report and recommended that cash releases by the CBN would be monitored on a weekly basis. TheNewsGuru.com, (TNG) reports this came to fore after the adhoc…
-
INVESTIGATION: Scarcity of new Naira notes causes hardship for Nigerians
The newly introduced naira notes and revised cash withdrawal limits announced by the Central Bank of Nigeria (CBN) to curb crime, inflation and vote buying during elections, have left many citizens stranded and frustrated, TheNewsGuru.com (TNG) investigation has revealed.
-
Cashless Policy with loads of headache – By Okoh AIhe
I like the story of the madman and the fire in the bush which I always tell with relish. In one of those remote villages in Edo State where the harmattan could hit with ferocious force, the madman had set a little fire to warm himself. All of a sudden the whole bush was on…