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

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
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

Dangote Refinery Prices, Import Surge Highlight Market Tensions

Industry data suggest that delays in adjusting Dangote Refinery’s petrol depot price contributed to a surge in fuel imports by marketers in November 2025. Analysis of the pricing data shows that under an October agreement, the refinery limited direct sales to independent

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity plants, has drawn attention after politically connected figures assumed top positions. Billionaire Femi Otedola sold his controlling stake to Abuja-based Ma’am Energy Limited for $700–$750 million. Senator Abdulaziz Yari was subsequently appointed

China–Nigeria Trade Reaches $22.3bn, Beijing Says

Trade between China and Nigeria reached $22.3bn in the first ten months of 2025, China’s consul-general in Lagos has said. Yan Yuqing told a media forum in Lagos that the figure represented a 30% increase compared with the same period last year.

$9.5m UK Loot Earmarked for Completion of Abuja–Kano Road

More than $9.5m recovered from corruption-linked funds in the UK will be used to complete sections of the Abuja–Kano Road, Nigerian and Jersey authorities have said. The money, held in a bank account in Jersey, was forfeited after a court ruled that
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

POS transactions

PoS Transactions Hit N13.67tn In Three Years – Report

Point of Sale Transactions has risen to N13.67tn in three
Kelvin McCarthy Ousted As US Speaker Amidst Unprecedented Chaos

Kevin McCarthy Ousted As US Speaker Amidst Unprecedented Chaos

US Speaker Kevin McCarthy faced a stunning defeat on Tuesday,