Browse Tag

Naira redesign policy

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

May 29, 2023

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

Business News

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

April 21, 2023

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

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

Business News

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

April 18, 2023

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

Business News

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

April 10, 2023

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

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business News

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

March 30, 2023

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

Business News

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

March 30, 2023

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

NLC Moves Against 40% Electricity Tariff Increase

News

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

March 22, 2023

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

Business News

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

March 16, 2023

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

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business News·Opinion

Naira Redesign Implemention Failure And Its Consequences

March 16, 2023

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

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

Business News·Currency

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

March 3, 2023

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

CBN Naira Redesign Policy Deteriorates Business Condition – Stanbic IBTC

Business News·Currency

Naira Policy: No Presidential Orders To Reissue Old N1,000, N500 Notes – CBN

February 21, 2023

The Central Bank of Nigeria (CBN) has denied that it received presidential orders to reissue the old N500 and N1000 naira banknotes. The denial was in response to a press release purportedly

Muda Yusuf Advises CBN, Other Authorities To Create Policies That Encourage Domestic Investments In Nigeria

Business News·Currency

The Trouble With CBN’s Conflicting Orders On Naira Policy – CPPE

February 21, 2023

The Centre for the Promotion of Private Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to ensure that the naira redesign policy is adjusted to accommodate the interest of

Naira Crisis: Banks Will Remain Open So Long It’s Safe To Do So – CIBN

Business News·Currency

Naira Crisis: Banks Will Remain Open So Long As It’s Safe To Do So – CIBN

February 18, 2023

Following the protest and destruction of banks’ facilities across the nation over scarcityn of new naira notes, the Chartered Institute of Bankers of Nigeria (CIBN) has urged Nigerians to remain calm, assuring

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

Business News·Currency

Fitch Says Naira Scarcity Will Affect Dollar Demand, Exchange Rate

February 17, 2023

Global credit ratings agency, Fitch Ratings, has warned that Nigeria’s exchange rate might appreciate due to scarcity of Naira notes. Fitch made this known in a report dated 14 February 2023 and

Business News

Naira Scarcity: 17 Bank Branches Attacked, Bank Workers Threaten Strike

February 17, 2023

Naira scarcity has resulted in attacks on 17 bank branches and N5 billion loss for the Deposit Money Banks (DMB), as the Central Bank of Nigeria (CBN) struggles to implement the Naira

Currency·Finance & Economy·Insights

7 Important Takeaways From Buhari’s Speech On Naira Policy

February 16, 2023

The CBN on 26 October 2022, announced the introduction of redesigned N100, N200, N500 and N1,000 banknotes into the financial system and in December 2022, introduced the new naira note design to

Currency·Finance & Economy

Full Text Of Buhari’s Speech On Naira Policy

February 16, 2023

President Muhammadu Buhari on Thursday at 7 am addressed the nation about the naira redesign policy of the Central Bank of Nigeria, which has resulted in protests in some parts of the

Business News·News

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

February 15, 2023

A group of angry youths in Warri, Delta State, on Wednesday set an Access Bank branch office ablaze in protest against persisting scarcity of naira notes. A viral video showed protesting youths

Business News

Breaking: S’Court Adjourns Proceedings On CBN’s Naira Policy Till Feb 22

February 15, 2023

Nigeria’s Supreme Court has adjourned proceedings on the naira swap policy of the Central Bank of Nigeria (CBN) till Wednesday, February 22 for a hearing of the consolidated suits by 10 states.

Business News·Currency·News·Top Stories

Food Prices Drop On CBN’s Naira Policy In Suleja, Lambata, Other Markets

February 15, 2023

Amid widespread hardship trailing Nigeria’s naira policy implementation, the country’s central bank says inflation is already abating and could pleasantly drop some 4 percent off its current 22 percent rate by mid

Business News·Currency·News

Why Naira Scarcity, Queues – CBN’s Emefiele Briefs Diplomatic Community

February 14, 2023

Governor of the Central Bank of Nigeria (CBN) on Tuesday took his campaign for his naira redesign and cashless policy to the members of the diplomatic community who met at the Ministry

Business News·Currency

How CBN’s Currency Redesign Created ‘Naira Black Market’ – NGF

February 13, 2023

The Nigerian Governors’ Forum (NGF) has accused the Central Bank of Nigeria (CBN) of carrying out a “currency confiscation” in its ongoing Naira Redesign programme and subjecting Nigerians to serious economic stress.

Business News·News

Naira Scarcity: UNN SUG Orders Slash Of POS Charges In Campus

February 8, 2023

By Blessing Amarachi Azoribe Amid the worsening crisis created by the scarcity of new naira notes across the country, Students Union Government (SUG) of the University of Nigeria Nsukka, has ordered slash

Supreme Court Favours Northern States, Suspends Old Naira Deadline

2023 Elections·Business News·Opinion

Currency Crisis: The Drama, Sorrows And The Inevitable Truth

February 6, 2023

I have seen videos of fights breaking out in banking halls and at ATMs as customers struggle to withdraw cash. There are also heartrending pictures of women stripping naked in banking halls,

EFCC Questions Actress Over Spraying, Stepping On New Naira Notes

News

EFCC Questions Actress Over Abuse Of New Naira Notes

February 4, 2023

Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) have commenced investigation of Oluwadarasimi Omoseyin, an actress and cosmetologist, for allegedly tampering with the redesigned Naira notes,

Business News·Currency

Video: New Naira Scarcity Forces Nigerians To Fight At ATMs

January 31, 2023

The biting scarcity of the new naira notes, worsened by the deadline set by the Central Bank of Nigeria (CBN), has forced Nigerians to fight at the Automated Teller Machine point in

Currency

New Naira: CBN Launches Cash Swap Programme For Rural/Underserved Areas

January 21, 2023

In line with its quest to ensure adequate circulation of the newly redesigned naira banknotes, the Central of Nigeria (CBN), has launched a cash-swap programme to serve people in rural and underserved

Naira Reissue Has No Monetary Policy Significance, Old Notes Deadline Unrealistic - Expert

Currency·Finance & Economy

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Suggestions

Naira redesign policy

Featured Stories

Follow Us

Whatsapp Channel

Latest News