General

Frustration. Indignation. Tears. These words succinctly describe the mood of Nigerians who have been trying to get cash from banks as well as petrol in the past days. 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 […]

The Katsina police command says 41 persons were killed following an ambush by gunmen at Yargoje forest in the state. In a statement on Friday, Gambo Isah, police spokesperson in the state, said the incident occurred on Wednesday. Isah said the gunmen invaded the home of one Alhaji Muntari in Kandarawa, Bakori […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]