An Economist, Dr Tope Fasua, has urged the Central Bank of Nigeria (CBN) to ensure optimally functional internet capacities for the cashless policy be effective. Fasua said this on Sunday in Abuja in interview with the News Agency of Nigeria…
Financial experts laud Supreme Court’s judgement on naira notes
Financial and economic experts have lauded the Friday’s judgement of the Supreme Court invalidating the naira redesign policy of the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) in Ibadan reports that the apex court had invalidated…
CSOs urge CBN to publish amount of redesigned naira disbursed to banks
A coalition of Civil Society Organisations (CSOs) has urged the Central Bank of Nigeria (CBN) to publish details of the amount of the redesigned naira notes disbursed to commercial banks. The coalition, comprising of no fewer than 38 CSOs included;…
Despite the current hardship, let’s push forward with the elections — Ehi Braimah
It is gratifying to note that the Independent National Electoral Commission (INEC) has assured Nigerians that the general elections will go ahead as scheduled despite the cash crunch and nationwide protests. Initially, Professor Mahmood Yakubu, INEC Chairman, expressed doubts due…
Text of President Buhari’s speech on currency swap, state of the nation
NATIONAL BROADCAST BY HIS EXCELLENCY MUHAMMADU BUHARI, PRESIDENT, FEDERAL REPUBLIC OF NIGERIA ON THE CHALLENGES OF THE CURRENCY SWAP AND STATE OF THE NATION, ON 16th FEBRUARY, 2023 My Dear Compatriots, I have found it necessary to address you today,…
Buhari approves reintroduction of N200 note as legal tender, apologies to Nigerians
President Muhammadu Buhari has approved the reintroduction of old N200 note as legal tender alongside the new N200 note until April 10. The president, who gave the approval in a nationwide broadcast on Thursday in Abuja, said the approval was…
Currency Swap: Buhari orders arrest, prosecution of saboteurs
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to intensify collaboration with anti-corruption agencies, in checking the activities of those bent on frustrating the smooth implementation of the currency re-design policy. The president gave the directive while…
How KongaPay saved my life amid Naira scarcity – Trader
A petty trader, Mrs. Bolade Inuwa, has narrated how she was spared huge embarrassments and inconveniencies in the wake of the recent policy pronouncement on the redesign of select denominations of the national currency – the Naira, specifically referencing how…
Naira Swap: El-Rufai, Yahaya Bello present as Supreme Court adjourns case till February 22
The Supreme Court of Nigeria has adjourned the case on the naira swap policy of the Central Bank of Nigeria (CBN) till Wednesday, February 22 for hearing of the consolidated suits by 10 states. The apex court, which heard the…
Presidency dismisses reports on disobeying Supreme Court ruling on legality of currencies
The Presidency has dismissed as false the assertion that the Federal Government or the Central Bank of Nigeria (CBN) had refused to recognise old N200, N500 and N1,000 notes as legal tender despite Supreme Court ruling. The News Agency of…