Tag: New naira notes
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Isa Abdulmumin appointed as CBN’s spokesman
The Central Bank of Nigeria (CBN) has appointed Dr Isa Abdulmumin as the Acting Director of Corporate Communications Department. Abdulmumin takes over from Mr Osita Nwanisobi, following the latter’s retirement from the apex bank. Until his appointment, Dr Abdulmumin was a Deputy Director in the Corporate Communications Department. His predecessor, Nwanisobi, took over in October…
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NAIRA SCARCITY: Again, protest rocks Ogun, banks burnt (VIDEO)
As naira woes worsen across the country, angry Nigerians again protested in Ogun State, with videos online showing two banks set on fire in the Sagamu area of the state. The videos shared on Monday showed many residents watching as Keystone and Union banks were set ablaze with some youths holding planks in protest. TheNewsGuru.com…
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“How new naira scarcity made my pregnant wife die in hospital”- Husband laments
A 32-year-old woman, Shema’u Labaran, died along with her nine-month pregnancy at the Abdullahi Wase Specialist Hospital, Kano, following her husband’s inability to quickly pay medical bills in the new naira notes. Labaran was allegedly left in pain for more than eight hours without attention from the medical personnel on duty. Narrating the unfortunate incident…
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Nollywood actress, Omoseyin gets N5m bail over alleged Naira abuse
The Federal High Court in Lagos has granted bail to an actress, Oluwadarasimi Omoseyin, who was arraigned before the court on Monday by the Economic and Financial Crimes Commission (EFCC) for allegedly spraying new naira notes at a party. Justice Chukwujekwu Aneke who admitted the actress to bail in the sum of N5 million with…
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CBN clarifies claims on shortage of materials to print new notes
The Central Bank of Nigeria (CBN), has denied claims that the scarcity of the newly redesigned Naira notes was caused by shortage of printing materials. Over the last couple of days, some news outlets had been reporting abou
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NAIRA NOTES: “Supreme Court only paused the implementation of the deadline”- Prof Ozekhome SAN
constitutional lawyer and Senior Advocate of Nigeria, Prof Mike Ozekhome, has explained that the Supreme Court only paused the implementation of the February 10 deadline given by the Central Bank of Nigeria (CBN), to listen to parties in the suit. TheNewsGuru.com (TNG) reports that CBN had given February 10 ultimatum for the old N200, N500…
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Camera captures bank workers scale fence to evade aggrieved customers
A video has surfaced online of some officials of a Nigerian bank scaling a barbed wire fence to escape angry customers. Varied reactions by Nigerians have trailed the scarcity of the new Naira notes which were introduced last year. Numerous videos have shown some Nigerians waiting hours on long queues to use the ATM, while…
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Guests at Port Harcourt event receive new naira notes, tubers of yam
Amidst scarcity of the new Naira notes across Nigeria, guests at a recent occasion in Port Harcourt were reportedly given new naira notes and two tubers of yam each. In the photos making the rounds online, the chairs at the venue were carefully arranged and two tubers of yam together with new naira notes were…
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Tinubu commiserates with downtrodden Nigerians over fuel, naira scarcity
Following the lingering fuel and new Naira notes scarcity across the country, the presidential candidate of All Progressives Congress, Asiwaju Bola Tinubu, on Tuesday, sympathized with Nigerians, especially the poor masses, and appealed to them to remain calm and allow the Federal Government to proffer solutions. The scarcity of the new naira notes and the…
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13 political parties threaten to withdraw from 2023 election, if ….
At least, Thirteen political parties, out of 18, that are to participate in the 2023 general elections, which are scheduled for February 25 and March 11, have threatened to withdraw from the election, if the Central Bank of Nigeria, CBN, extends the deadline for naira swap. This threat was issued in a statement by National…