Reps Disrupt Emergency Session Over New Naira Scarcity
The Speaker of the House of Representatives, Femi Gbajabiamila, has said the federal parliament will have no option but to reconvene before the presidential and National Assembly elections on February 25 if the Central Bank of Nigeria...
Naira Scarcity: NACCIMA Urges CBN to Introduce N5,000 Note
The Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Sola Obadimu, says the Central Bank of Nigeria should have introduced a N5,000 note rather than redesigning the old notes. Obadimu said...
JUST IN: Kogi, Kaduna Zamfara Govts Sue FG over New Naira Notes
Concerned with the effects the Central Bank of Nigeria (CBN)’s naira redesign policy is having on the residents of their respective states, the governments of Kaduna, Kogi and Zamfara have dragged the Federal...
Naira Redesign: In 7 Days, I’ll Take A Major Decision – Buhari
President Muhammadu Buhari has implored citizens to give him seven days to resolve the cash crunch that has become a problem across the country from the policy of the Central Bank of Nigeria...
Naira Redesign: Emefiele Should Resign - Basorun
Second Republic Secretary to Lagos State Government (SSG) Olorunfunmi Basorun yesterday asked Central Bank of Nigeria (CBN) Governor Godwin Emefiele to resign for taking Nigeria for a ride.
He said the CBN policy of currency swap had crippled commercial...
Forex Shortage Likely to Persist Over Polls - Coronation
A prediction by Coronation Merchant Bank has suggested that the foreign exchange liquidity crisis affecting the economy will persist for some time.
The Chief Economist of Coronation bank, Chinwe Egwim revealed this via a statement on Wednesday...
