Tag: Naira redesign
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Valentine: Nigerians compelled to prioritise, save, as cash crisis persists
Access to cash remains a major challenge for Nigerians despite efforts by the Central Bank of Nigeria (CBN) to monitor distribution of the new naira notes through its Banks’ Branch Spot-Checks on ATMs and many cash-starved citizens are worried the situation would impact the valentine’s day celebration. For weeks, cash-starved citizens have experienced perilous times…
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Emefiele is targeted by desperate politicians, pray for him – Ben Bruce raises alarm
Senator Ben Murray-Bruce has raised alarm for the safety of the governor of the Central Bank of Nigeria, Godwin Emefiele, as he is allegedly being targeted by desperate politicians. Emefiele has come under strong criticism by many politicians who
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Naira redesign: Embrace eNaira and internet banking, CBN tells Nigerians
The Central Bank of Nigeria (CBN) has expressed concern over the challenges being experienced by the citizens in getting cash from their bank accounts and other alternative channels. The Director, Corporate Communications Department in the bank, Mr Osita Nwanisobi stated this during the CBN Special Day at the ongoing 44th Kaduna International Trade Fair, on…
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Naira redesign: How APC Govs. outmanoeuvred CBN to extend deadline for old notes
The Federal Government has filed a suit challenging the Supreme Court’s ruling on Wednesday which granted the relief sought by three All Progressives Congress (APC) governors to extend the deadline for the use of the old naira notes beyond February 10, 2023. The Governor of Central Bank Nigeria Godwin Emefiele, had announced February 10 as…
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Naira redesign: Don’t make Nigerians scapegoats, says Atiku
The PDP standard bearer, 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
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BREAKING: I will make a decision on Naira redesign in 7 days – Buhari
P resident Muhammadu Buhari has decided to make a critical decision in seven days following the policy of the Central Bank of Nigeria to change high-value Naira notes with new ones. Mr. Femi Adesina, the President’s spokesman in a statement, said Buhari stated this during a
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INVESTIGATION: How CBN, DMBs, POS operators connive to swindle Nigerians, cause economic sabotage
“I went to the ATM this morning to withdraw, no money. So I decided to use the banking hall and after queuing up for over 30 minutes, the bank attendant said they can only give N2, 000 in N50 denomination. I angrily walked out of the bank,” a resident of Lagos, Ijeoma Igwe lamented. Another…
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Naira Redesign has reduced Banditry, Kidnapping – Emefiele
Following the scarcity of new notes that has hit the nation as a result of Naira redesign, Godwin Emefiele, the Central Bank of Nigeria (CBN) Governor, on Tuesday, appealed to lawmakers and Nigerians to demonstrate understanding, insisting that the apex bank was out to fight the incidence of insecurity in Nigeria.
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Naira redesign: Over 17 million Nigerians abroad have nowhere to exchange old banknotes
Nigerians in the Diaspora have been excluded from the ongoing cash swap programme launched by the Central Bank of Nigeria (CBN) and are left stranded with the old banknotes as no provision has been made to accommodate them in the programme. The cash swap programme is part of efforts by the CBN to fast-track on…
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Naira redesign: Reps to issue warrant to IGP to compel CBN’s summon
The House of Representatives says it will not hesitate to issue a warrant to the Inspector General of Police (IGP) to compel the appearance of Mr. Godwin Emefiele, Governor of Central Bank of Nigeria (CBN), for refusing its summon. The House also threatened to issue similar warrant leading to the arrest