Old naira – Page 2 of 3 – Prime Business Africa

Supreme Court Favours Northern States, Suspends Old Naira Deadline

Updated: Supreme Court Suspends Old Naira Deadline, Favours Northern States

The Supreme Court ruled in favour of three Northern States, Kaduna, Kogi and Zamfara on Wednesday, 8 February 2023, after they requested that the deadline to phase out old Naira notes be suspended. Prime Business Africa gathered that the Northern states had

February 8, 2023

Business

CBN, Banks Don’t Have Infrastructure For New Naira Transition – Dakuku Peterside

The former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside, has disclosed that the Central bank of Nigeria (CBN) and the Deposit Money Banks (DMB) don’t have the infrastructure to implement the Naira redesign policy successfully. According

February 7, 2023

Business

CBN Failed In Duty To Manage Naira Redesign Policy – Dakuku Peterside

The former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside, said the Central Bank of Nigeria (CBN) failed in its duty to manage the transition from the old Naira to the redesigned banknotes. During a Twitter Space

February 7, 2023

Business

NACCIMA DG Says Printing N5,000 Notes Better, Faults Emefiele’s Naira Redesign Policy

The Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Sola Obadimu, has suggested that the introduction of N5,000 notes would have prevented the Naira policy debacle. Obadimu argued that if he was the Governor of the

February 7, 2023

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

Business

Nigerians Divided Over Who To Blame For CBN’s Naira Redesign Crisis

Nigerians are divided over who to blame for the crisis that has erupted from the transition from the old Naira to the redesigned banknotes. Prime Business Africa reported that Nigerians are stripping themselves in banking halls and protesting against banks due to

February 6, 2023

Business·Currency

Prime Business Africa Hosts Twitter Space To Discuss CBN’s Naira Debacle

As Nigerians suffer the ripple effect from the Central Bank of Nigeria’s (CBN) hasty transition from the old Naira to the redesigned banknotes, Prime Business Africa has organised a Twitter space to shed more light on the Naira debacle. The Twitter space

February 3, 2023

CBN Naira Redesign Policy Deteriorates Business Condition – Stanbic IBTC

2023 Elections·Business·Currency

Old Naira: Buhari, Governors Meet, To Decide On Extension In 7 Days

President Muhammadu Buhari met with Governors of the All Progressive Congress (APC) on Friday, 3, February 2023, over the prolonged scarcity of Naira notes in Nigeria. The governors visited the State House in Abuja to compel President Buhari to override the deadline

February 3, 2023

Business

Finance Minister Likens Hardship Caused By Old Naira Deadline To Injury

The Minister of Finance, Zainab Ahmed, has described the current distress experienced by Nigerians due to the unavailability of the redesigned Naira as a sore that would eventually be cured. Ahmed said the Federal Government is worried about the struggle among Nigerians

February 2, 2023

Call CBN to arrest POS agents selling naira notes

Business

Old Naira: PoS Operators, Market Women Risk Jail Term, As CBN Threatens Arrest

The Godwin Emefiele-led Central Bank of Nigeria (CBN) has warned that the financial regulator will start arresting persons selling the Naira notes. In a circular released on Thursday, 2, February 2023, the central bank said it learnt that persons are hawking and

February 2, 2023

Business

Nigeria’s GDP At Risk, As Transition From Old Naira To New Affects 2 Major Sectors

The founder of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, said sectors driven by cash are struggling with the transition from old Naira notes to redesigned banknotes. Yusuf identified the distributive trade sector and the agricultural sector as two

February 1, 2023

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Old naira - Page 2

Updated: Supreme Court Suspends Old Naira Deadline, Favours Northern States

CBN, Banks Don’t Have Infrastructure For New Naira Transition – Dakuku Peterside

CBN Failed In Duty To Manage Naira Redesign Policy – Dakuku Peterside

NACCIMA DG Says Printing N5,000 Notes Better, Faults Emefiele’s Naira Redesign Policy

Nigerians Divided Over Who To Blame For CBN’s Naira Redesign Crisis

Prime Business Africa Hosts Twitter Space To Discuss CBN’s Naira Debacle

Old Naira: Buhari, Governors Meet, To Decide On Extension In 7 Days

Finance Minister Likens Hardship Caused By Old Naira Deadline To Injury

Old Naira: PoS Operators, Market Women Risk Jail Term, As CBN Threatens Arrest

Nigeria’s GDP At Risk, As Transition From Old Naira To New Affects 2 Major Sectors

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