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Tag: Naira redesign

Kogi residents lament scarcity of new naira note
Economy

CBN denies phasing out redesigned naira notes

By Wilson Adekumola   The Central Bank of Nigeria has dispelled the reports going viral including social media platforms that it planned to phase out the newly redesigned N1, 000, N500 and N200 notes.   Vangaurd reported that the Acting Director, Corporate Communications of the bank Dr. Isa AbdulMumim, regarded the reports as “fake news.” […]

Naira redesign: Emefiele apologies for failed cashless policy
News

Naira redesign: Emefiele apologies for failed cashless policy

    The Governor of the Central Bank of Nigeria, Godwin Emefiele, has apologized for the failed electronic banking transactions which many Nigerians have been subjected to in recent months. According to Channels, Emefiele during a two-day monetary policy committee meeting in Abuja on Tuesday, promised Nigerians that the issues regarding electronic transactions will soon […]

Logo of Guarantee Trust Bank
Business

Naira crisis: GTB customers lament transfer, debit error

Customers of one of the leading African banks, Guaranty Trust Bank, have been lamenting on social media after series of transfer failures and debit errors. AMBusiness reports that many of the bank’s customers expressed their frustration by flooding Twitter with many complaints tagged to the official Twitter page of GTB. This publication recalls that the […]

Economy

Why naira redesign is best for economy- UBA CEO

    Wilson Adekumola   Group Managing Director and Chief Executive Officer of United Bank for Africa, UBA, Plc, Chief Oliver Chukwudum Alawuba, has said the naira redesign is the best policy that could happen to Nigerian economy at this time. He promised that the deposit monetary banks are working tirelessly with the Central Bank […]

Banking

Naira scarcity: GTB app suffers downtime, customers lament

Oluwanifemi Ojo   Customers of top Nigerian financial institution, Guaranty Trust Bank, have been left fuming on social media after a downtime experienced in its mobile app. AMBusiness reports that many of the bank’s customers vented their frustration by flooding Twitter with many complaints tagged to to the official Twitter page of GTB. This publication […]