Suggestions




·

Naira Scarcity: Violent Protest Erupts, As Gunshots Fired In Ojota Area Of Lagos 

February 17, 2023
by

Serious fighting has erupted in Ojota and some other areas along the popular Lagos-Ikorodu Expressway in Lagos  State as people protest against the scarcity of new naira notes and the hardship the policy has caused to Nigerians.

The Lagos State Police Command has already deployed its men to the Ojota, Ketu, and Mile 12 following reports of unrest in the areas.

Join our WhatsApp Channel

On Friday morning, residents of the area scampered for safety after some hoodlums took law into their hands, firing gunshots in the streets.

Some motorists coming from Ikorodu had to make a quick turn to avoid being trapped.

“It is true. Our men are there. Reinforcement units have been deployed,” said Mr Benjamin Hudenyin, spokesman Lagos State Police Command.

“Stay safe out there as we closely monitor and manage the situation,” the spokesman of the command, Hudenyin, added.

He, however, assured that free movement of people and vehicles are being restored. “Our officers and men are still on the ground to prevent any breakdown of law and order.”

A few days ago, there were violent protests in some states over the lingering scarcity of currency, caused by the Naira redesign policy of the Central Bank of Nigeria (CBN).

READ ALSO: Naira Scarcity: Angry Warri Youths Attack First Bank, Burn Access Bank

President Muhammadu Buhari addressed the nation on Thursday, calling for calm. He further directed the Central Bank to release the old N200 notes back into circulation to ease the harsh effect of the policy on the citizens.

Peter Okoye, PBA Journalism Mentee
+ posts

Peter Okoye, PBA Journalism Mentee

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1
Previous Story

Updated: Emefiele Orders Banks To Accept Old N500, N1,000, Set Condition For Depositors

Naira Appreciates To N869/$1 As Experts Debate Stability
Next Story

Nigerians Rush For Dollar, Push UP USD Rate Amid Naira Scarcity

Featured Stories

Latest from Business

Nigeria Now Leading Cement Exporter In Africa – Dangote

Why Tinubu’s Policies Can Crash Dollar Rate – Dangote

The Chairman of the Dangote Group, Aliko Dangote, has said that current government policies could significantly strengthen the naira against the US dollar, potentially bringing the exchange rate down to as low as ₦1,100 to $1. Dangote made the remarks on Tuesday

Zenith Bank, Skyway Aviation Drag Down NGX Market Cap By N577.40bn

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased to N121.55 trillion on Tuesday, February 17, from the N122.12 trillion recorded on Monday, February 16. This represents a decline of N577.40 billion in the market capitalisation,
GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1
Previous Story

Updated: Emefiele Orders Banks To Accept Old N500, N1,000, Set Condition For Depositors

Naira Appreciates To N869/$1 As Experts Debate Stability
Next Story

Nigerians Rush For Dollar, Push UP USD Rate Amid Naira Scarcity

Don't Miss

eyJpdSIImNiNjYMGMODkxZmYyZjQzZWJiNTQNWINjViYjUMjIzMGRiYjAwMzYyZDAMTFhZGYMDMMWNjZjMNTQiLCJIjoMDAsImgiOjINiwiZCIMSLCJjcyIMCwiZiINH

Tinubu, Elumelu, Otedola Mourn Wigwe, Others’ Death

President Bola Tinubu, and billionaire investors, Tony Elumelu and Femi
Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

ICAN Partners Prime Business Africa, CBN For Webinar On New Naira Notes

The Nsukka and District Society arm of the Institute of