Finally, Buhari to address Nigerians amid protests over naira scarcity
President Muhammadu Buhari will, on Thursday, address the nation. The president’s address comes amid protests and outbreak of violence over the scarcity of naira notes across the country. The protests have led to attacks on banks and gridlock on major roads, while some persons are feared to have been killed. The […]
PHOTOS: Amaechi absent as APC holds presidential campaign in Rivers
Bola Tinubu, the presidential candidate of the All Progressives Congress (APC), and Kashim Shettima, his running mate, were in Rivers state for the party’s campaign rally on Wednesday. Rotimi Amaechi, ex-governor of Rivers and former minister of transportation, was not in attendance at the rally. Amaechi had also contested the presidential ticket […]
‘Does APC want to truncate election?’ — Wike speaks on naira scarcity at meeting with Tinubu
Nyesom Wike, governor of Rivers, on Wednesday, hosted Bola Tinubu, the presidential candidate of the All Progressives Congress (APC). The meeting was held at the Rivers government house in Port Harcourt, the state capital. Abubakar Bagudu, David Umahi, and Babajide Sanwo-Olu — governors of Kebbi, Ebonyi, and Lagos — were present at […]
El-Rufai: Why I rejected Buhari’s proposal to extend old naira deadline
Nasir el-Rufai, governor of Kaduna, has explained why he refused to accept the fresh resolutions proposed by the federal government on the naira redesign policy. TheCable had reported that the federal government proposed conditions on the naira redesign policy, including a new deadline of April 10 for the old notes. A government […]
Currency redesign: CBN launches portal for collection of old naira notes
Central Bank of Nigeria (CBN) has created a portal for the collection of the old naira notes as it looks to begin its currency redemption exercise. TheCable observed that the CBN published a notification titled ‘redemption of currency’ on its website on Wednesday. The notification provides a link to the portal to […]
EXCLUSIVE: Buhari to extend validity of old naira notes till April 10
President Muhammadu Buhari is considering extending the validity of old naira notes by 60 days, TheCable understands. This is to avoid disobeying the order of the Supreme Court of Nigeria which ruled that the old N1,000, N500 and N200 notes remain valid until it delivers judgment in the case filed by some states […]
Three feared killed as Edo residents protest naira scarcity
Protest broke out in Benin, Edo state capital, on Wednesday, over the paucity of naira notes. TheCable understands that some residents protested in Oluku, Upper Sakponba, and New Benin market. A group of protesters also converged at the Central Bank of Nigeria (CBN) office located at Akpakpava road, Ring Road axis, and […]
Buhari, Tinubu meet in Aso Rock amid controversy over naira redesign policy
President Muhammadu Buhari, on Wednesday, met with Bola Tinubu, standard bearer of the All Progressives Congress (APC). The meeting is said to have held at the villa before the weekly federal executive council (FEC) meeting. Details of the meeting are not yet known. The meeting is coming amid the controversial naira […]
Burnt ATM, blocked roads — protests erupt nationwide over naira scarcity
The scarcity of new naira notes has seen many Nigerians across the country take to the streets in protest. On Wednesday, protests broke out in Edo, Delta, Rivers, Ondo, and Oyo states. Pictures and videos shared on social media showed bonfires, a burnt automated teller machine (ATM), motorists in gridlocks and stranded […]
‘A man who attempted to be president will frustrate us’ — Akeredolu tackles Emefiele
Rotimi Akeredolu, governor of Ondo state, says the rating of the All Progressives Congress (APC) is no longer favourable as a result of the effects of the naira redesign policy on Nigerians. Ondo is one of the ten states challenging the naira swap policy in a suit against the Central Bank of Nigeria […]