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Naira redesign policy

Tinubu To Review CBN’s Naira Redesign Policy, Says Emefiele Harshly Applied It

President Bola Tinubu has faulted Godwin Emefiele-led Central Bank of Nigeria (CBN) for harshly implementing the Naira redesign policy. Tinubu condemned the handling of the policy, stating that there are many unbanked Nigerians affected by the Naira redesign campaign initiated by Emefiele.

May 29, 2023

Business

Nigerian Banks Earn N135.52 Trillion From CBN’s Naira Policy, E-Payments

The value of electronic payment transactions grew by 298 per cent year-on-year in the first quarter of 2023, thanks to the Naira policy of the Central Bank of Nigeria (CBN), led by Godwin Emefiele. According to the Nigeria Interbank Settlement System (NIBSS),

April 21, 2023

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

Business

World Bank Says CBN’s Naira Redesign Policy Affects Poverty Reduction In Nigeria

The World Bank said the Naira redesign policy of the Central Bank of Nigeria (CBN) hampered the growth of Nigeria’s economy. According to the financial body, the CBN’s Naira redesign policy has frustrated the effort to reduce poverty in Nigeria, where about

April 18, 2023

Business

Nigerian Cinema Operators Affected By CBN’s Naira Policy, Earn N441 million

Over N441 million was generated by the Cinema Exhibitors Association of Nigeria (CEAN) in March 2023, the National Chairman of the cinema operators, Opeyemi Ajayi, revealed. The amount was generated from movies shown across various screen theatres including Silverbird Cinemas, FilmHouse Cinemas,

April 10, 2023

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business

How Nigerian Farmers Lost N30 billion Due To CBN’s Naira Redesign Policy

Due to the Naira redesign policy of the Central Bank of Nigeria (CBN), Nigerian farmers lost N30 billion as they struggled with the scarcity of cash. This was revealed by the President of the All Farmers Association of Nigeria, Kabir Ibrahim, in

March 30, 2023

Business

FG Says CBN’s Naira Redesign Policy Suspended Kidnappers, Bandits

The Central Bank of Nigeria’s (CBN) Naira redesign policy led to kidnappers and bandits suspending their activities, the Minister of Labour and Employment, Chris Ngige, disclosed. Ngige said the Naira redesign policy sent kidnappers and bandits on holiday even though the implementation

March 30, 2023

NLC Moves Against 40% Electricity Tariff Increase

News

Naira Crisis: NLC Directs Workers To Protest At CBN Offices Nationwide

The Nigeria Labour Congress (NLC) has directed all workers to protest at all the offices of the Central Bank of Nigeria (CBN) nationwide starting next week over the persisting cash crisis in the country. The NLC President, Joe Ajaero, who briefed journalists

March 22, 2023

Business

Moghalu Carpets CBN, Reveals Problems With Emefiele’s Naira Policy

Former Deputy Governor, Central Bank of Nigeria (CBN), Kingsley Moghalu, has condemned the handling of the Naira redesign policy under Godwin Emefiele. Moghalu said months after the CBN set out to implement the Naira redesign policy, Nigerians are still suffering from the

March 16, 2023

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business·Opinion

Naira Redesign Implemention Failure And Its Consequences

The terrible suffering and economic loss Nigerians and Nigeria have experienced as a result of the faulty implementation of the Central Bank of Nigeria’s Naira redesign policy, the entry of the judiciary into central banking functions, all show clearly how our institutions—

March 16, 2023

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business·Currency

Breaking: Old Naira Notes Remain Legal Tender, Supreme Court Rules

The Supreme Court has ruled that the old N1,000, N500, and N200 notes remain legal tender until December 31. The seven-man panel of justices of the apex court gave the ruling at its sitting on Friday in a suit brought by 17

March 3, 2023

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Naira redesign policy

Tinubu To Review CBN’s Naira Redesign Policy, Says Emefiele Harshly Applied It

Nigerian Banks Earn N135.52 Trillion From CBN’s Naira Policy, E-Payments

World Bank Says CBN’s Naira Redesign Policy Affects Poverty Reduction In Nigeria

Nigerian Cinema Operators Affected By CBN’s Naira Policy, Earn N441 million

How Nigerian Farmers Lost N30 billion Due To CBN’s Naira Redesign Policy

FG Says CBN’s Naira Redesign Policy Suspended Kidnappers, Bandits

Naira Crisis: NLC Directs Workers To Protest At CBN Offices Nationwide

Moghalu Carpets CBN, Reveals Problems With Emefiele’s Naira Policy

Naira Redesign Implemention Failure And Its Consequences

Breaking: Old Naira Notes Remain Legal Tender, Supreme Court Rules

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