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6 Uncomplicated Ways to Get Studying Fun

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Acestea sunt semne bune că vor oferi mult

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Naira falls N777 against dollar after CBN announcement
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  • March 6, 2022
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Nigeria’s gas revolution will lift West Africa’s energy

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Tag: New Naira

TETFund urges FG to increase education tax
Business

Buhari holds emergency meeting over naira, fuel crises

President Muhammadu Buhari will call an emergency Council of State meeting on Friday in order to address the issues plaguing the country, including the naira, petrol shortage, and insecurity ahead of the February 25 presidential election. According to Daily Post, on Friday at 10 a.m., the Central Bank of Nigeria, and the Independence National Electoral Commission […]

Why CBN won't print naira again - Budget minister
Banking

Naira crisis: CBN to fine banks hoarding new notes

The Central Bank of Nigeria may levy fines of N5 million on banks holding fresh notes and N50,000 against individuals selling them. According to Punch, this was based on the Banks and Other Financial Institutions Act of 2020 as well as the Central Bank of Nigeria Act of 2007. In accordance with the Banks and […]

Buhari
Business

Naira crisis: Seven days too long, senator tells Buhari

The representative of Kogi West Senatorial District in National Assembly, Senator Smart Adeyemi, has pleaded with the President, Major General Muhammadu Buhari (retd.) to review his decision to address the new note scarcity in seven days time. The senator who is also the Chairman, Senate Committee on the Federal Capital Territory, mentioned this to journalists […]

Naira scarcity: Hardship vital for economy, says finance minister
Economy

Naira scarcity: Hardship vital for economy, says finance minister

The Federal Government stated that the difficulties faced by Nigerian owing to the redesign of the naira are temporary and necessary for the long-term stability of the economy. This was said by the Minister of Finance, Budget and National Planning, Zainab Ahmed when responding to questions from journalists at the 65th edition of the State […]

News

New naira: CBN orders over-the-counter payments

  Bisola David Deposit money banks are now allowed to start issuing the newly designed Naira notes over the counter, subject to a daily payout cap of N20,000 set by the Central Bank of Nigeria. According to Daily Trust, the directive was issued shortly after businesses came to a complete halt due to a lack of the […]

Banking

ICPC storms banks to monitor cash disbursement

Oluwanifemi Ojo The Independent Corrupt Practices and Other Joint Task Force have begun monitoring the cash disbursement exercise as they visited two banks in Bauchi State on Tuesday. According to The Punch, the operations of this agency will cut across every part of the country. It was gathered that this operation was being carried out […]

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Old naira deposit to continue after deadline – Emefiele

    The Central Bank of Nigeria Governor, Godwin Emefiele, on Tuesday disclosed that commercial banks will continue to accept the deposit of old naira notes after the expiration of the February 17 deadline. He stated this while appearing before the House of Representatives committee on the new naira redesign and naira swap policy. He […]

Emefiele orders banks to dispense old naira notes - Soludo
News

Naira redesign: Reps to issue Emefiele’s arrest warrant Tuesday

Following a unanimous agreement amongst members, the Speaker of the House of Representatives, Femi Gbajabiamila, is expected to sign the warrant of arrest against the Governor of Central Bank of Nigeria, Godwin Emefiele, during plenary on Tuesday.   Recall that, the Chairman of the Committee and the Majority Leader of the House, Alhassan Ado Doguwa, […]

Police storm Emefiele's Abuja residence
Banking

New naira: CBN recovers N1.9trn in two months

Following the cash withdrawal policy and the naira notes redesign, the Central Bank of Nigeria said it has since recovered N1.9 trillion in cash previously held outside of the banking system.   The CBN governor, Godwin Emefiele, said this on Sunday as part of his update following a meeting with the President, Major General Muhammadu […]

New naira note: CBN insist on January 31st deadline
Banking

New naira: Experts hail CBN for deadline extension

Oluwanifemi Ojo     Financial experts have commended the Central Bank of Nigeria for the decision to shift the deadline that was set to phase out the old notes from December 31 to February 10.   Following the plea made by key stakeholders across the country, the 36 state governors, the Arewa Consultative Forum, traditional […]