Tag: Naira redesign
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Naira redesign: Abuja ACCI wants deadline extended
The Abuja Chamber of Commerce and Industry (ACCI) has appealed to the Central Bank of Nigeria (CBN) to extend the deadline for the non-continuation of the use of the current currency notes. The President of ACCI, Dr Al-Mujtaba Abubakar, made the appeal in a statement he issued on Tuesday in Abuja in reaction to the…
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Naira redesign: Senate mandates committee to ensure Nigerians are protected
Senate has mandated its Committee on Banking, Insurance and other financial institutions to embark on an aggressive oversight to ensure Nigerians are adequately protected from operations of CBN, banks on implementation of the naira redesign policy. Senate resolution was sequel to a motion passed at plenary on Wednesday”on the redesign on the new naira notes…
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Naira redesign is Buhari’s best policy – CONPAGG
A group known as the Conference of Nigerians for Peace and Good Governance (CONPAGG) eulogised president Buhari, saying the Naira redesign would be his best decision since taking over as the country’s president. However, the group called on Buhari to follow the Naira redesign by restructuring the security architecture of the country.
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Naira Redesign: CBN discloses where new notes will be printed
The Central Bank of Nigeria has noted that there is no plan to print the redesigned naira notes outside the country. This was made known by the Central Bank of Nigeria (CBN) Board member on Thursday in Abuja. According to CBN Governor, Godwin Emefiele, the N1000, N500 and N200 will be redesigned as part of…
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Analysis: benefits, criticisms and fears of CBN’s naira redesign
The plan to redesign Nigeria’s currency has been a subject of public concern and debate since last week when it was announced by the Central Bank of Nigeria (CBN) as part of its currency management responsibilities aimed at preserving the integrity of a local legal tender, the efficiency of its supply and conduct of monetary…
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Naira Redesign: CBN governor, Emefiele speaks on removal of Arabic inscriptions
The Central Bank of Nigeria, (CBN), Governor, Godwin Emefiele has assured that Arabic inscriptions on the naira note would still reflect on the newly designed ones. This was put in the public domain by the former Emir of Kano, Muhammadu Sanusi. Sanusi noted that the CBN governor confided in him that the Arabic wordings will…
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Rights Activist, Richard Akinnola describes CBN’s Naira redesign policy as “financial coup”
A veteran Journalist and Rights Activist, Richard Akinnola, has described as “financial coup” the decision of the Central Bank of Nigeria, CBN, to launch new designs and replace high value Naira notes, without informing the Minister of Finance, Budget and National Planning , Zainab Ahmed. Recall that the Minister had dissociated herself from the Naira…