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NAIRA REDESIGN
Ekiti state says the naira redesign policy affects livelihoods and inflicted excruciating pain and hardship on all Nigerians, including citizens of the state.
Senate President says policy making life hard for Nigerians as 80-90% of the population have no access to banks.
The Kano State Government on Thursday filed a lawsuit against the Federal Government at the Supreme Court over the naira redesign by the Central Bank of Nigeria (CBN).
Nigeria’s President Muhammadu Buhari has met with Nigeria's former Heads of State to discuss the CBN’s naira redesign policy
The Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that Nigerians spent a total of N38.7 trillion over electronic channels in January 2023
Nigeria’s National Security Adviser retired Maj-Gen. Babagana Monguno, has warned that the naira redesign policy is affecting the fight against insecurity in the country.
Governor Bello Matawalle said those against yesterday's ruling by the Supreme Court are 'misguided' and 'blinded by political chauvinism'
Malami added the suit against FG disclosed no dispute that invokes the Supreme Court’s original jurisdiction as constitutionally defined.
The Kano State Governor, Abdullahi Ganduje, has raised the alarm that people behind the annulment of the June 12, 1993, presidential election are regrouping and using the current crisis generated by the naira redesign policy of the Central Bank of Nigeria (CBN) to undermine Nigeria’s hard-earned democracy.
The Federal Capital Territory (FCT) High Court has barred the Central Bank of Nigeria (CBN) and President Muhammadu Buhari and 27 commercial banks from suspending or interfering with the currency redesign terminal date of February 10 or issue any directive contrary to the said date.
Thirteen political parties out of the 18 political parties in Nigeria have threatened to withdraw from participating in the February 25 and March 11, 2023, general elections, if the Central Bank of Nigeria (CBN) extends the February 10 deadline for the naira swap.
The presidential candidate of the Labour party, Peter Obi, has weighed in on the naira scarcity, saying that the currency redesign is not peculiar to Nigeria, although he believes that improvements could have been made in its implementation.