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CENTRAL BANK OF NIGERIA CBN
Nigerians spent a whopping $1.38 billion on foreign education expenses between January and September 2022, data from the CBN has shown
The Independent National Electoral Commission (INEC) has assured that the February 25 Presidential and National Assembly polls will hold nationwide despite the naira scarcity and the growing protests as a result of the crisis in some parts of the country.
The Lagos State Governor, Babajide Sanwo-Olu, has assured that the state government will sustain the 50% fare cut on public transport as part of the measures to reduce the hardship caused by the fuel and naira scarcity on Lagosians.
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari over “the unlawful directive banning the use of old N500 and N1,000 banknotes, contrary to the interim injunction granted by the Supreme Court that the old N200, N500, and N1000 notes remain legal tender.
The CBN is forging ahead with its policy on the old naira notes, having launched a website for bank customers to register to deposit their old notes.
Godwin Emefiele, has insisted that there was no need to shift the February 10 deadline for the swapping of the old naira
The CBN has debunked a report claiming that the Nigerian Security Printing and Minting Company Plc has no capacity to print more new notes
The Council of State has advised President Muhammadu Buhari to direct the Central Bank of Nigeria (CBN) to print more redesigned naira notes or allow the new and old banknotes to circulate at the same time to ease the tension and hardship caused by the scarcity of the naira.
Governor Bello Matawalle said those against yesterday's ruling by the Supreme Court are 'misguided' and 'blinded by political chauvinism'
The presidential candidate of the ruling All Progressive Congress (APC), Bola Tinubu, says that the Supreme Court ruling which temporarily restrained the Federal Government and the Central Bank of Nigeria (CBN) from implementing the February 10 deadline for use of old naira notes, has pulled the country back from the precipice as it was dangerously heading towards anarchy and political and economic shutdown
NEARLS said the ongoing naira scarcity has severely limited the production of food in Nigeria as rural farmers struggle to get cash
CIBN has called for calm and understanding from Nigerians amid the cash scarcity resulting from the naira redesign and cashless policy