For his failure to immediately obey the order of the Supreme Court over naira redesign policy, the Governor of Central Bank of Nigeria, Mr Godwin Emefiele, has been dragged before a High Court of the Federal Capital Territory, seeking his imprisonment. The plaintiff in the matter, Olalekan Popoola, in suit number CV/2757/2023 is seeking an order of the court committing Read More
Following the Central Bank of Nigeria (CBN)’s directive to Deposit Money Banks to recognise the old N200, N500 and N1000 as legal tender till December 31, 2023, there have been mixed reactions from Nigerians from all walks of life. The Apex Banks’ statement came 11 days after the Supreme Court ruled that old naira notes should co-exist with new ones Read More
After several months of Naira scarcity, Nigerians have reacted after the Central Bank of Nigeria finally bowed to Supreme Court order stating that old N500 and N1000 Naira notes are still legal tender. Blueprint had reported that the apex bank had announced in a statement that the old notes are still legal tender hours after President Muhammadu Buhari insisted that he Read More
Kogi state government has threatened to arrest and prosecute those rejecting the old naira notes. This is was disclosed in a statement signed by the Commissioner for Information and Communications, Kingsley Fanwo on Friday. The statement reads, “We congratulate Nigerians on the historic ruling of the Supreme Court, the highest court in Nigeria, to the effect that both the old Read More
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to tell Nigerians what his government is doing to implement the decision of the Supreme Court, extending the validity of the old N200, N500, and N1,000 notes to December 31, 2023. SERAP further urged Buhari to disclose the measures that his government is taking to direct the Central Read More
The Cashless policy and Naira re-design policy, has been nullified and declared as an affront to the 1999 Constitution by the Supreme Court of Nigeria on Friday March 3, 2023 in Abuja. Justice Emmanuel Akomaye Agim, who read the lead judgment of the Court said the Federal Government breached the Constitution in issuing directives for the re-designing of the Naira Read More
Kaduna state governor, Nasir El-Rufai, and his Kogi state counterpart, Yahaya Bello, and their lawyers have showed up at the Supreme Court, Abuja as the apex court sit on the Central Bank of Nigeria (CBN) Naira note redesign policy on Friday. During the last sitting on February 22, 2023, the court had adjourned to March 3 for judgment after other Read More
The Supreme Court Wednesday slated March 3, 2023 to deliver judgment in the suit brought before it by the governments of Kaduna, Kogi, Zamfara and 13 others. In the suit, the states are challenging the naira redesign policy of the federal government. At Wednesday’s proceedings, a seven-member panel of Justices of the apex court, presided by Justice John Inyang Okoro, Read More
The Central Bank of Nigeria (CBN), has denounced a press release shared on the Instagram page of the First Lady, Aisha Buhari. Aisha Buhari shared a statement on her Instagram page on Tuesday that that the old N500 and N1000 notes remains legal tender for the next 70 days, till May 1, 2023. Reacting to the news, the CBN shared Read More
The Central Bank of Nigeria (CBN) has said Nigerians can now deposit their old N500, N1000 notes to the commercial banks. According to reports, CBN spokesman, Osita Nwanisiobi, on Friday February 17, 2023 directed that individuals with N500, 000 and below can deposit their monies via their respective banks. There have been protest against the new naira policy in few Read More
Nigerians have stormed the various Central Bank of Nigeria (CBN) in parts of the country to meet up with the February 17, 2023, deadline for the deposit of the old naira notes at the apex bank. In a viral video on Friday, a massive crowd were seen at the CBN office located at Marina in Lagos.
President Muhammadu Buhari has ordered the Central Bank of Nigeria (CBN) to reinject the old 200 naira notes and allow it co-exist with the redesigned N200, N500 and N1000. The president announced this Thursday in a national broadcast monitored by Blueprint in Abuja, even as Nigerians continue to bemoan the policy which has disrupted the nation’s business space. Buhari said Read More
Governor Nasir el-Rufai has told Kaduna state citizens to follow the Supreme Court order and continue spending the old and new naira notes together till the next adjourned date of the suit on naira redesign. This is despite President Muhammadu Buhari’s broadcast on Thursday banning the old N1,000 and N500 naira notes, and allowing the old N200 notes. Speaking in Read More
The governor of the Central Bank of Nigeria, Godwin Emefiele, has met with the leadership of 15 commercial banks after President Muhammadu Buhai live broadcast on the new naira polic. His visit comes hours after the President announced that only the old N200 note will remain a legal tender until April 10, 2023. He said the meeting with the bank Read More
The Ondo state government has filed a suit against the Federal Government(FG) and the Central Bank of Nigeri (CBN), at the Supreme Court over the scarcity of naira notes and the deadline for old naira notes. The was disclosed in a statement signed by the special assistant to the Attorney-General of the state, Kola Adeniyi. He said, “The Ondo state Read More
The Plateau state governorship candidate of the Action Democratic Party (ADP) in the forthcoming election, Dr. Sani Dawop, has said both the ruling All Progressives Congress (APC) and the main opposition Peoples Democratic Party (PDP) will be shocked during February and March elections across the country as a result of ongoing hardship in Nigeria. Dr. Dawop, however, declared that his Read More
The International Monetary Fund (IMF) has called on the Central Bank of Nigeria (CBN) to to extend its February 10 Naira swap deadline. The IMF, in a statement signed by Laraba Bonet in Abuja, Wednesday, urged CBN to consider the current hardship in the country. “In light of hardships caused by disruptions to trade and payments due to the shortage of new Read More
As the scarcity of old and new Naira notes lingers, Kaduna, Kogi and Zamfara state governments have jointly dragged the federal government before the Supreme Court over the February 10 deadline for the expiration of the old naira notes. The three states are controlled by the All Progressives Congress(APC) governors namely, Nasir el-Rufai, Yahaya Bello and Mohammed Mutawallen respectively. Read More
The Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN), to ensure the enforcement of its February 10, 2023, deadline of the old naira notes. Justice Eleojo Enenche, gave the order on Monday in a ruling on an ex parte application by four opposition political parties which includes, Action Alliance (AA), Action Peoples Party (APP), Allied Read More
The governor of Kaduna state, Nasir El- Rufai, has revealed that an unnamed governor collected N500 million worth of new naira notes from an undisclosed bank. This was made known in an interview with BBC Hausa, on Friday. He noted that politicians who are targets of the naira redesign policy already have the money in their houses. He said, “It Read More
Presidential candidate of the ruling All Progressives Congress (APC) Bola Ahmed Tinubu, has accused his opponent in the Peoples Democratic Party (PDP) Atiku Abubakar of working with saboteurs on the current scarcity of new naira notes and fuel scarcity. A statement released Friday in Abuja by Tinubu’s Presidential Campaign Council said Anyone who lives in Nigeria and not Dubai and Read More
The Central Bank of Nigeria (CBN) Thursday reversed itself and directed banks to commence paying customers new Naira notes over the counter. The apex bank said the order was to reduce queues around Automated Teller Machines (ATMs) across the country. CBN Governor Godiwn Emefiele gave the directive in Abuja on Thursday. A statement from CBN’s Director Corporate Communication Osita Nwanisobi, explained that Read More
As Nigerians groan over scarcity of new Naira notes, the Central Bank of Nigeria (CBN), has given a fresh order to commercial banks. The apex bank on Thursday ordered financial institution to start issuing new naira notes at the counter. The new directives were to relieve Nigerians from the challenges they are experiencing with getting access to the new notes. Read More
After several weeks of long queues at various ATMs across the nation, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has spoken about President, Muhammadu Buhari’s perception. The minister said the president was unhappy about the suffering of Nigerians in accessing the redesigned naira notes. The minister on Thursday in a media briefing described the current situation being Read More
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