The Supreme Court has on Wednesday adjourns the judgment on naira redesign policy suit filed by some state government till 3 March. Wakadaily reported that government of Kaduna, Kogi and Zamfara state…
Category: Finance
Aisha Buhari deletes her fake CBN post about old naira notes
The wife of president Muhammadu Buhari, Aisha Buhari has deleted her post about CBN extending the use of old N500 and N1,000 notes for the next 70 days. Recently, there have been…
CBN withdrew N2trn, printed only N400bn – El-Rufai
Kaduna State Governor, Nasir El-Rufai claimed that the Central Bank of Nigeria (CBN), withdrew N2 trillion from circulation and replacing the old notes with only N400 billion. El-Rufai made this allegation via…
Banks lose N5bn to attacks on facilities over naira scarcity – ASSBIFI
The Association of Senior Staff of Banks, Insurance and Financial Institutions, ASSBIFI, has said no less than N5 billion was lost and seven bank branches completely destroyed, following recent protests over naira…
CBN disobeys Supreme Court order, insists on Feb 10 dealine
The Governor of the Central Bank of Nigeria, Godwin Emefiele, disobeyed the Supreme Court on currency swap order, insists on February 10, 2023 deadline for the withdrawal of old currency notes. Wakadaily…
Naira: Supreme Court suspends CBN’s Feb 10 deadline
The Supreme Court of Nigeria has ordered a suspension of the deadline for the swapping of old to new Naira notes by the Central Bank of Nigeria (CBN). The Supreme Court issued…
EFCC nabs Abuja bank manager hoarding N29m new notes
The Economic and Financial Commission, EFCC, on Monday, arrested an operations manager of a leading commercial bank in Abuja, for refusing to load the Automated Teller Machines ATMs, despite having N29million of…
3 APC governors drag FG to Supreme Court over naira security
The government of Kaduna, Kogi and Zamfara state have dragged the Federal Government before the Supreme Court over the scarcity of new and old naira notes seeking a restraining order to stop…
Naira Scarcity: Banks hoarding new naira should be probed – CAN
The Kaduna State Chapter of the Christian Association of Nigeria, CAN, has urged that the banks’ hoarding of the new naira notes be investigated. The association made the call in a statement…
Naira Scarcity: Buhari seeks 7 days to decide on currency redesign crisis
Members of the progressives governor’s forum has met with President Muhammadu Buhari and urged him to prevail on the Central Bank of Nigeria to allow the old and new naira notes to…