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 …

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 …

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 …

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 …

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: …

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 …

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 …

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 …

The Board of Directors of the United Bank for Africa Plc (UBA) has announced the appointment of Mrs Abiola Bawuah as the Chief Executive Officer (CEO) of UBA Africa. Bawuah will also join the Group Board as an Executive Director, overseeing the Group’s operations across the African continent, outside Nigeria. UBA operates in 19 African countries beyond Nigeria, in addition …

Kano State Governor, Dr Abdullahi Ganduje said on Sunday that the process of replacing old N1,000, N500 and N200 notes with re-designed ones has been stressful for his people. He said no fewer than 24 council areas of the state have no commercial banks. Ganduje spoke with reporters in Daura, Katsina State when he led a delegation of Kano stakeholders …