February 07, 2023
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3 New Articles
  • 13 hours ago Lagos, FIRS enter tax audit agreement
  • 15 hours ago Banditry: APC converts campaign rally to prayer session, promises end to criminality 
  • 15 hours ago Labour Party urges Immigration to tighten borders against illegal voters
Home Business Banking & Finance

Banking & Finance

Kaduna, Kogi, Zamfara sue FG over Naira redesign policy

By Breezynews
19 hours ago
in :  Banking & Finance
0
33

Three states – Kaduna, Kogi and Zamfara – have dragged the Federal Government to the Supreme Court seeking a restraining order to stop the full implementation of the Naira redesign policy of the Central Bank of Nigeria (CBN). In a motion ex-parte filed before the court, the three states are praying the court to grant an interim injunction stopping the …

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Banks invest N100b on e-payment channels, deny hoarding new Naira notes

By Breezynews
21 hours ago
in :  Banking & Finance
0
19

The Association of Corporate Affairs Managers of Banks (ACAMB) has denied that banks are hoarding new Naira notes, and assured that normalcy would soon return in the currency swap system. In a statement by ACAMB President, Mr Rasheed Bolarinwa, the association said that the banks have invested over N100 billion to develop electronic payment channels. The statement read: “Nigerian banks …

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Naira redesign: Emefiele deceived Buhari; CBN plans to scuttle elections – Oshiomhole

By Breezynews
1 day ago
in :  Banking & Finance
0
158

Former National Chairman of the All Progressives Congress (APC), Comrade Adams Oshiomhole has accused the Central Bank of Nigeria (CBN) of deceiving President Muhammadu Buhari over the redesign of the naira notes. Last year, President Buhari approved the redesign of the N1,000, N500, and N200 notes. The move, has, however, created hardship among Nigerians who battle to lay hands on …

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1 killed as hoodlums, security operatives clash over Naira, fuel scarcity in Ibadan

By Breezynews
2 days ago
in :  Banking & Finance, Oil & Gas
0
18

The anti-fuel/Naira scarcity protest in Ibadan turned bloody on its second day (Saturday) after one person was shot dead by security personnel. Some hoodlums, according to the police in Ibadan, had attacked the security personnel while on patrol around Apata junction market. Long queues at Automated Teller Machines (ATMs) persisted across the country as people raced against time to dispose …

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Zulum threatens to revoke banks’ land over new notes shortage

By Breezynews
2 days ago
in :  Banking & Finance
0
16

Borno State Governor, Prof. Babagana Zulum on Friday threatened that any bank which refuses to dispense new Naira notes would have its land revoked by the state government. Zulum sent the warning in Maiduguri, the state capital, after visiting branches of banks to see first-hand the ordeals residents go through in trying to obtain new naira notes. The governor expressed …

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Naira scarcity: Abiodun suspends campaign indefinitely; AbdulRazaq calls for more supply

By Breezynews
2 days ago
in :  Banking & Finance, Oil & Gas, Politics
0
71

Ogun State Governor, Prince Dapo Abiodun on Saturday announced the suspension of his political campaign until further notice. In Kwara State, Governor AbdulRahman AbdulRazaq called for more supply of the new Naira notes to the citizens to ease things for the masses and stabilise the currency swap policy. In a statement signed by his Chief Press Secretary, Mr Kunle Somorin, the …

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No plan to extend Naira swap deadline, Emefiele insists; Police arrest counterfeiters

By Breezynews
3 days ago
in :  Banking & Finance
0
63

The Central Bank of Nigeria (CBN) has insisted that there is no plan to extend the deadline for the use of old notes. At a media briefing on Friday, CBN Governor, Mr Godwin Emefiele said that the regulatory bank and Deposit Money Banks (DMBs) were working to address the current challenges with the circulation of the new notes. He said: …

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CBN to suspend PoS charges as Emefiele announces Naira circulation strategy

By Breezynews
3 days ago
in :  Banking & Finance
0
78

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said that the high charges by Point of Sale (PoS) agents on every transaction would be suspended during this period of Naira scarcity. At a special media briefing on the new Naira notes in Lagos on Friday, Emefiele urged banks to stop the charges on PoS. He …

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Old notes: Atiku urges CBN not to extend deadline, gives reasons

By Breezynews
5 days ago
in :  Banking & Finance
1
104

The presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar has again called on the Central Bank of Nigeria (CBN) not to extend the withdrawal of old naira notes beyond the Friday, 10 February deadline. Atiku made the call despite the difficulties being encountered by millions of Nigerians across the country in accessing the redesigned currency notes. In …

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Emefiele faults banks over scarcity of new Naira notes

By Breezynews
6 days ago
in :  Banking & Finance
0
27

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele stated on Tuesday that banks are to blame for the scarcity of new naira notes. He said some of them have not complied with a directive to only load the new notes on Automatic Teller Machines (ATMs), but have instead been handing out bundles to individuals who spray them …

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