Newspaper Headlines: Electronic payment channels fail stress test amid scarcity of old naira

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Newspaper Headlines: Electronic payment channels fail stress test amid scarcity of old naira

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March 6, 2023

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Reports on the old naira notes and planned protest of the Peoples Democratic Party (PDP) dominated the cover pages of Nigerian newspapers.

The Punch reports that PDP leaders, including governors, are set for a protest march to the Independent National Electoral Commission (INEC) headquarters, Abuja, over the outcome of the February 25 presidential election. The newspaper says the National Emergency Management Agency (NEMA) has warned Nigerians to prepare for severe flooding.

The Nation says Bola Tinubu, president-elect, has promised Nigerians that he will not disappoint them. The newspaper reports that some senior lawyers have asked President Muhammadu Buhari to obey the supreme court judgement on the validity of the new naira notes.

Daily Trust reports that Nigerians have continued to lament the hardship caused by the scarcity of naira notes despite the supreme court judgement. The newspaper says a rainstorm has destroyed 105 houses in Ekiti state.

Nigerian Tribune reports that the Labour Party (LP) in Oyo state has adopted Seyi Makinde, governor of the state, as their preferred governorship candidate. The newspaper says Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), said the promise of credible governorship elections by INEC is medicine after death.

The Guardian reports that amid the huge financial turnover recorded in the first three quarters of 2022 by banks in the country, digital banking has remained very challenging for many Nigerians in the last few weeks since the introduction of the new naira policy. The newspaper says President Muhammadu Buhari and the Central Bank of Nigeria (CBN) are yet to respond to the verdict of the supreme court on the validity of the old naira notes, three days after the judgement.

Source: Top Stories