Tag: New Naira
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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
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New Naira: Kachikwu says scarcity is threat to national peace
Mr Dumebi Kachikwu, African Democratic Congress (ADC) Presidential Candidate, said the insufficient circulation of the new Naira notes posed great threats to the country’s peace. Kachikwu said this in a statement on Tuesday in Abuja. He said it was disheartening to see Nigerians endure long queues under scorching sun just to withdraw their hard-earned money.…
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Fuel/Naira Scarcity: One Casualty, another injured as soldiers reportedly shoot at Ibadan protesters
One casualty recorded, one injured as soldiers reportedly shot a motorcyclist amidst the protest against fuel and naira notes scarcity at the Apata area in Ibadan, the Oyo State capital. The protests which happened across the major cities of the state grounded activities and had youths carrying placards expressing their grievances on the situation since…
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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…
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[Just In] Cash swap: Finally, CBN Gov, appears before Reps Cttee, promises Nigerians won’t lose value of old notes after deadline
…as Gbajabiamila drops warrant of arrest threat The Governor CBN, Godwin Emefiele on Tuesday finally honoured House of Representatives ad-hoc committee invitation after several failures, promising Nigerians will not lose value of their naira after February 10 deadline. TheNewsGuru.com, (TNG) recalls the House Speaker, Femi Gbajabiamila had last Thursday vowed to sign a warrant of…
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Cash swap : Emefiele declares war on commercial banks, insists no more cash withdrawal across the counter except ATM
… vows to sanction defaulters … EFCC, ICPC officials to accompany CBN examiners to inspect bank branches to assess compliance The Governor of Central Bank of Nigeria (CBN) Mr Godwin Emefiele has declared war on commercial banks insisting that no banks should henceforth pay out old notes except through the Automated Teller Machines (ATMs) or…
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[EXCLUSIVE] CBN Gov Must Read This: Abuja POS operators charge 10% per 1k for new notes, 7% per old 1k
…operators allege commercial banks charge extra for new notes Apparently the scarcity of new notes caused by the Central Bank of Nigeria CBN cash swap has started having its toll on ordinary Nigerians as shylock POS operators in Abuja now charge a whooping 10% on every N,1000 new note and 7% on old N1,000 note.…
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New Naira notes: No cause for alarm, Buhari assures Nigerians
President Muhammadu Buhari has said there is no cause for alarm, assuring Nigerians that the government will ensure that citizens are unharmed in their businesses and no disruption is caused to the entire supply chain arising from the currency swap due to end shortly. Buhari was reacting to reports of long queues of people waiting…