Five more states join suit challenging naira redesign policy of CBN

The lawsuit against CBN’s redesign of the naira has expanded to include five additional states. These are the states of Kano, Niger, Jigawa, Nasarawa, and Abia. When the lawsuits were merged earlier on Wednesday, Rivers state joined in. The latest additions bring the total number of states joining the lawsuit to 16. Kaduna, Kogi, and Zamfara... Read More

Deep Dive

Abia State, Central Bank of Nigeria (CBN), five additional states, Jigawa State, Kano State, law suit, Naira redesign, Nasarawa State, Niger State

February 21, 2023

Hacker posted fake CBN statement on my social media – Aisha Buhari

Aisha Buhari, the wife of President Muhammadu Buhari, says the false statement on the extension of the old naira currency deadline, posted on her social media accounts, was the work of a “hacker”. On Tuesday, a statement purportedly signed by Central Bank of Nigeria (CBN) spokesperson Osita Nwanisobi spread like wildfire through social media. According... Read More

Deep Dive

Aisha buhari, Central Bank of Nigeria (CBN), fake news, Hacker, old naira deadline, social media, statement

February 21, 2023

CBN disputes statement shared by Aisha Buhari on naira notes deadline

The CBN of Nigeria has denied claims that it will keep old naira notes in circulation until May 1, 2023. On Tuesday, a statement attributed to CBN spokesman Osita Nwanisobi began making the rounds on various social media sites. According to the announcement, the central bank has been instructed to reissue the old naira notes,... Read More

Deep Dive

Aisha buhari, Central Bank of Nigeria (CBN), fake news, Old notes deadline, statement

February 16, 2023

Buhari extends the validity of old N200 banknotes to April 10

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to release old N200 notes into circulation to co-exist with new N200, N500, and N1,000 banknotes for 60 days. The President, who made this known in a nationwide broadcast on Thursday, directed the CBN to allow the new notes available to all citizens. The... Read More

Deep Dive

60 dyas, April 10, Central Bank of Nigeria (CBN), Naira redesign, President Muhammadu Buhari

February 16, 2023

President Buhari to address Nigerians on old notes deadline Thursday; Tinubu meets Wike in Rivers | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss: President Buhari to address Nigerians on old notes deadline Thursday Nigeria’s President Muhammadu Buhari will today, Thursday, make a nationwide broadcast. This was revealed by a presidential aide, Bashir Ahmed. He tweeted late Wednesday night, “President... Read More

Rankings

February 15, 2023

Nigeria’s inflation hits 21.82 percent despite naira redesign

The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 21.82 percent in January 2023, up from 21.34 percent in the previous month. The inflation rate data is contained in the latest consumer price index (CPI) report released on Wednesday by the National Bureau of Statistics... Read More

Deep Dive

Central Bank of Nigeria (CBN), Consumer Price Index, Godwin Emefiele, inflation, Naira redesign, National Bureau of Statistics (NBS)

February 14, 2023

Old naira notes are no longer legal tender – CBN warns Nigerians, Banks

Despite the Supreme Court’s decision prohibiting the apex bank from enforcing the February 10 expiration date for the old N200, N500, and N1,000 notes, the Central Bank of Nigeria has claimed that they are no longer lawful cash. This was made public on Monday by Haladu Idris Andaza, the branch controller for the CBN in... Read More

Deep Dive

banks, Central Bank of Nigeria (CBN), Godwin Emefiele, legal tender, N1000, N200, N500, naira scarcity, old naira notes

February 14, 2023

Atiku cancels Rivers rally, cites insecurity; Banks, fuel stations reject old notes, disobey S’Court ruling | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss: Atiku cancels Rivers rally, cites insecurity Peoples Democratic Party (PDP) Presidential Campaign Council, Rivers State has called off its proposed rally for the party’s presidential candidate, Atiku Abubakar, in the state, citing insecurity as the major reason.... Read More

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February 10, 2023

Council of state tells CBN to recirculate old naira or print additional new notes

Members of the council of state have expressed support for the naira redesign policy of the Central Bank of Nigeria (CBN). The council however asked Godwin Emefiele, the CBN governor, to make new naira notes available or recirculate old notes to ease the suffering of Nigerians. The meeting, held on Friday at the presidential villa,... Read More

Deep Dive

Central Bank of Nigeria (CBN), Council of state, Godwin Emefiele, INEC, Mahmood Yakubu, new notes, note scarcity, old naira, olusegun obasanjo, President Muhammadu Buhari

February 7, 2023

Naira Scarcity: Confront the ones you want to punish and quit torturing us – Kate Henshaw blasts CBN and Buhari

Following the Central Bank of Nigeria’s (CBN) new policy and the new note disbursement, Nollywood actress Kate Henshaw has spoken out on the difficulties facing the country. Henshaw, outraged by the current state of affairs, took to Instagram to criticize the nation’s central bank and the president. The actress thinks the CBN has been spreading... Read More

Blogs, The News Blog

Central Bank of Nigeria (CBN), kate henshaw, naira scarcity, new notes, President Muhammadu Buhari

February 6, 2023

13 Parties threaten to withdraw from 2023 elections if CBN shifts new naira deadline

In response to the Central Bank of Nigeria’s currency redesign strategy, “thirteen” of Nigeria’s 18 political parties have vowed to sit out the next general elections on February 25 and March 11. On Monday, at a briefing held by a coalition of political party chairmen, the “13 parties” praised President Muhammadu Buhari for his work... Read More

Deep Dive

13, 2023 elections, APC, APC governors, Central Bank of Nigeria (CBN), February 10th deadline, Kaduna State, Kogi State, Naira redesign, new naira deadline, new notes, political parties, withdrawal, Zamfara State

February 6, 2023

Naira redesign will boost economy, society – Peter Obi; IPOB alleges plot to assassinate Atiku in South East | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss: Naira redesign will boost economy, society – Peter Obi Peter Obi, the Labour Party’s (LP) presidential candidate, stated that the current pain and inconvenience caused by the redesign of the Naira will result in enormous long-term... Read More

Deep Dive

February 3, 2023

Give me seven days to resolve new notes shortage – Buhari

On Friday, President Major General Muhammadu Buhari (ret.) pleaded with Nigerians to allow him seven days to fix the nationwide cash shortage caused by the Central Bank of Nigeria’s decision to replace high-value naira notes with new ones. Buhari told the Progressive Governors’ Forum, who paid him a visit at the Presidential Villa to seek... Read More

Deep Dive

APC, Central Bank of Nigeria (CBN), new notes, President Muhammadu Buhari, Progressive Governors Forum (PGF), seven days', shortage

January 28, 2023

Efforts are ongoing to ensure improved distribution of the new naira notes – Buhari

President Muhammadu Buhari has stated that efforts are being made to enhance the circulation of the new naira notes. According to Garba Shehu, the president’s spokesperson, the decision to redesign the naira notes was made to curb illegal cash hoarding. While recognizing reports of long lines at banks, Buhari stated that the Central Bank of... Read More

Deep Dive

Central Bank of Nigeria (CBN), improved distribution, January 31st deadline, Naira design, new naira notes, President Muhammadu Buhari, prevent chaos

January 27, 2023

PDP sabotaging fuel supply to blackmail federal govt – Tinubu; Despite arrest threats, Emefiele fails to appear before reps | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss: PDP sabotaging fuel supply to blackmail federal govt – Tinubu Asiwaju Bola Tinubu, the presidential candidate for the All Progressives Congress (APC), has once more accused the Peoples Democratic Party (PDP) of sabotaging the country’s fuel... Read More

Rankings

January 26, 2023

CBN Bans Dollar Charges On Domestic Transactions

The Central Bank of Nigeria (CBN) has said that with the launch of the National Domestic Card system, Afrigo, it would set a deadline for the existing card schemes in the country, after which they will no longer be valid for domestic transactions. Godwin Emefiele, governor of the Central Bank of Nigeria, stated on Thursday,... Read More

Blogs, The News Blog

Central Bank of Nigeria (CBN), Dollar charges, Domestic Transactions, Godwin Emefiele, National Domestic Card System

January 25, 2023

I have not seen any of the new naira notes – Ortom

In spite of his position, Benue State Governor Samuel Ortom has admitted that he has not yet seen the new naira notes. He made the comment on Wednesday while supporting efforts to extend the deadline for switching from old to new naira notes. Since many people in rural areas are unaware of the shift and... Read More

Deep Dive

benue state, Central Bank of Nigeria (CBN), Godwin Emefiele, Governor Samuel Ortom, new naira notes, Redesigned Naira notes, Rural areas

January 24, 2023

We will not change the January 31st deadline for Old Naira Notes – Emefiele

In order to combat inflation, the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) from 16.5% to 17.5%. This was stated by CBN Governor Godwin Emefiele on Tuesday in Abuja, following a Monetary Policy Committee (MPC) meeting. The MPC increased the monetary policy rate by 100 basis points to 17.5% and... Read More

Deep Dive

Cash Reserve Ratio, Central Bank of Nigeria (CBN), deadline, Godwin Emefiele, January 31st, Monetary Policy rate, old naira notes, Redesigned Naira notes, Withdrawal limits

January 21, 2023

Banks hoarding new notes to give politicians during elections – Shehu Sani

Former lawmaker, Senator Shehu Sani has alleged that banks are hoarding the redesigned Naira notes for politicians in the February elections. There has been outrage across the country over the scarcity of new notes as banks continue to dispense the old notes despite the approaching deadline. The Central Bank of Nigeria, which earlier directed that... Read More

Blogs, The News Blog

2023 elections, banks, Central Bank of Nigeria (CBN), hoarding, new notes, Redesigned Naira notes, Shehu Sani

January 20, 2023

2023: Only unpatriotic Nigerians will vote for Tinubu, others – Obasanjo; FG quietly approves ₦‎185 per litre as petrol pump price | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss: 2023: Only unpatriotic Nigerians will vote for Tinubu, others – Obasanjo Olusegun Obasanjo, a former president of Nigeria, maintained that Peter Obi, the Labour Party candidate, deserves the support of all patriotic Nigerians and that only... Read More

Rankings

January 5, 2023

Incoming President will be walking into N77trn debt – DMO

According to Patience Oniha, director general of the Debt Management Office (DMO), by the time President Muhammadu Buhari’s term expires in May, the new administration would have inherited roughly N77 trillion in debt. Oniha made these remarks while answering questions from reporters on Wednesday during a public presentation and breakdown of the highlights of the... Read More

Deep Dive

Central Bank of Nigeria (CBN), Debt Management Office, Minister of Finance and National Planning, N77trillion debt, Patience Oniha, President Muhammadu Buhari, Ways and Means Advances, Zainab Ahmed

December 29, 2022

Senate appeals to CBN to extend deadline for withdrawal of old naira notes to June 2023

On Wednesday, the Senate requested that the Central Bank of Nigeria (CBN) extend the date for the removal of old naira notes from circulation from January 31, 2023, to June 30, 2023. This appeal followed the plenary session acceptance of a proposal presented by Ali Ndume, a senator for Borno-south. Ndume requested the senate’s permission... Read More

Deep Dive

Central Bank of Nigeria (CBN), deadline extension, June 2023, Naira redesign, senate, withdrawal of old naira notes

December 22, 2022

CBN raises daily cash withdrawal limit to N500,000; Nigeria’s problem stems from country’s poor leadership – Peter Obi | 5 Things That Should Matter Today

CBN raises daily cash withdrawal limit to N500,000 Nigeria’s problem stems from country’s poor leadership – Peter Obi PDP chieftain, driver die in auto crash in Delta Osinbajo visits Tinubu in Abuja Saraki ties Emefiele’s DSS probe to top politicians Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news... Read More

Rankings

Five more states join suit challenging naira redesign policy of CBN

I’ll work hard for Nigeria – Tinubu tells Buhari at APC rally finale; Vote buyers now collecting account numbers – Shehu Sani | 5 Things That Should Matter Today

Hacker posted fake CBN statement on my social media – Aisha Buhari

CBN disputes statement shared by Aisha Buhari on naira notes deadline

Vote for Tinubu, Buhari tells Nigerians; Naira redesign was approved, Currency recolouring resulted – El-Rufai | 5 Things That Should Matter Today

CBN denies ordering banks to accept N500, N1,000 notes; Bankers directed to sit at home in the wake of recent attacks | 5 Things That Should Matter Today

El-Rufai challenges Buhari, says old naira notes remain legal tender in Kaduna; Wike has officially joined APC, working for Tinubu – PDP campaign council | 5 Things That Should Matter Today

Buhari extends the validity of old N200 banknotes to April 10

President Buhari to address Nigerians on old notes deadline Thursday; Tinubu meets Wike in Rivers | 5 Things That Should Matter Today

Nigeria’s inflation hits 21.82 percent despite naira redesign

Nigerians ready to elect PDP – Atiku; Ten days to go, no election funds yet – INEC | 5 Things That Should Matter Today

Old naira notes are no longer legal tender – CBN warns Nigerians, Banks

Atiku cancels Rivers rally, cites insecurity; Banks, fuel stations reject old notes, disobey S’Court ruling | 5 Things That Should Matter Today

Council of state tells CBN to recirculate old naira or print additional new notes

APC denies attempt to move polls, says Tinubu will win; Keep using old notes, Tinubu will change policy if elected – El-Rufai | 5 Things That Should Matter Today

Naira Scarcity: Confront the ones you want to punish and quit torturing us – Kate Henshaw blasts CBN and Buhari

13 Parties threaten to withdraw from 2023 elections if CBN shifts new naira deadline

Naira redesign will boost economy, society – Peter Obi; IPOB alleges plot to assassinate Atiku in South East | 5 Things That Should Matter Today

Give me seven days to resolve new notes shortage – Buhari

Obi cannot win, all he will be is a Nollywood actor – El-Rufai; Pain caused by naira redesign temporary but necessary – FG | 5 Things That Should Matter Today

Efforts are ongoing to ensure improved distribution of the new naira notes – Buhari

PDP sabotaging fuel supply to blackmail federal govt – Tinubu; Despite arrest threats, Emefiele fails to appear before reps | 5 Things That Should Matter Today

CBN Bans Dollar Charges On Domestic Transactions

I have not seen any of the new naira notes – Ortom

We will not change the January 31st deadline for Old Naira Notes – Emefiele

Banks hoarding new notes to give politicians during elections – Shehu Sani

2023: Only unpatriotic Nigerians will vote for Tinubu, others – Obasanjo; FG quietly approves ₦‎185 per litre as petrol pump price | 5 Things That Should Matter Today

Incoming President will be walking into N77trn debt – DMO

Senate appeals to CBN to extend deadline for withdrawal of old naira notes to June 2023

CBN raises daily cash withdrawal limit to N500,000; Nigeria’s problem stems from country’s poor leadership – Peter Obi | 5 Things That Should Matter Today

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