Osinbajo to CBN: Work with fintechs, mobile money agents to address cash scarcity
Vice-President Yemi Osinbajo has urged the Central Bank of Nigeria (CBN) to engage financial technology companies (fintechs) as well as mobile money agents to address the issue of getting new naira notes across the country. Osibanjo, in a meeting with some fintech stakeholders on Friday, expressed worries over the difficulty in getting new […]
Tinubu: Naira scarcity a ploy to postpone elections, create interim government
Bola Tinubu, the presidential candidate of the All Progressives Congress (APC), says the current scarcity of naira notes is a ploy to ensure the postponement of the general election. Speaking on Friday at the APC presidential campaign rally in Ado-Ekiti, the Ekiti capital, Tinubu said the endgame of those behind the naira note […]
JUST IN: We have no plans to extend Feb 10 deadline for old naira notes, says CBN
The Central Bank of Nigeria (CBN) says it is not planning to extend the deadline for the use of old notes. Speaking during a briefing on Friday at the apex bank’s office in Lagos, Godwin Emefiele, CBN governor, said the CBN, as well as deposit money banks (DMBs) were working to address the […]
ICPC arrests bank manager for ‘preventing’ ATMs from dispensing cash
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has arrested the manager of a bank in Osogbo, the Osun capital, over ATMs loaded with naira notes that were blocked from dispensing. In a statement on Friday by Azuka Ogugua, the ICPC spokesperson, the commission said the cash bundles were […]
‘Hate speech’ — NBC fines TVC N2m over comments by Tinubu, Keyamo
The National Broadcasting Commission (NBC) has fined Continental Broadcasting Services Limited, owners of Television Continental (TVC), for airing “hate speech and inflammatory comments”. In a letter dated February 3 and signed by Balarabe Ilelah, NBC director-general, the commission said it monitored TVC’s “consistent” breach of the Nigeria broadcasting code regarding the coverage of […]
Akeredolu to Buhari: Cash, petrol scarcity may yield unpleasant consequences — act now!
Rotimi Akeredolu, governor of Ondo, has advised President Muhammadu Buhari to take urgent steps to address the scarcity of naira notes and petrol price hike. The petrol crisis and scarcity of naira notes are resulting in protests in parts of the country. However, after a meeting with governors elected on the platform […]
IGP orders arrest, prosecution of naira notes sellers
Usman Alkali Baba, the inspector-general of police (IGP), has ordered the arrest of persons selling or abusing the naira. The IGP on Friday instructed the deputy inspector-general of police in charge of the Force Criminal Investigations Department (FCID) and the assistant inspector-general of police in charge of the Force Intelligence Bureau (FIB) to […]
Buhari accuses banks of ‘greed’, says CBN assured him enough naira notes could be printed
President Muhammadu Buhari says the Central Bank of Nigeria (CBN) assured him that there was “capacity, manpower and equipment” to print enough new naira notes. He said the assurance was given to him before he considered giving approval for the naira redesign policy. The president spoke on Friday after meeting with governors […]
Roadblocks, bonfires as Ibadan residents protest petrol, naira notes scarcity
Residents of Ibadan, the capital of Oyo state, have taken to the streets to protest the lingering petrol and naira notes scarcity in the country. In October 2022, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced the plan to redesign the N200, N500, and N1,000 notes, and asked Nigerians to […]
Buhari asks Nigerians to give him 7 days for ‘major decision’ on naira scarcity
President Muhammadu Buhari has asked Nigerians to give him seven days to resolve the crisis caused by the scarcity of new naira notes. The president said he has seen reports about cash shortages and the effect on local businesses and ordinary people. He said the remaining seven days of the 10-day extension […]