The Central Bank of Nigeria (CBN) has vowed to prosecute Point of Sale (PoS) operators who take exorbitant charges on transactions. At a meeting with members of the diplomatic corps on Tuesday, CBN Governor, Mr Godwin Emefiele said that, while he acknowledged the inconveniences caused by the Naira redesign policy, including hoarding and an elevated agitation, the bank would seek …

Rights activist Mr Femi Falana has lambasted the Central Bank of Nigeria (CBN) for flouting the interim injunction of the Supreme Court suspending the implementation of the 10 February deadline on the use of the old banknotes. Last Wednesday, the Supreme Court restrained the Federal Government, the CBN and commercial banks from implementing the currency swap policy, which made N1,000, …

The management team of the Central Bank of Nigeria (CBN) has scheduled a meeting for Monday to review the Naira swap crisis that has virtually crippled financial transactions over the weeks. The meeting is expected to discuss last Friday’s advice of the National Council of State that the regulatory bank should print more redesigned N1,000, N500 and N200 notes or …

For those who do not know, “Mefy” is the alias of Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) who completed his first term of five years in 2019 and was re-appointed by President Muhammadu Buhari for another term of five years. Ten years is a long time in a high profile position that is the cynosure if …

We have the Governments of Zamfara, Kogi, Kaduna States and the Supreme Court to thank for arresting the drift to anarchy in our country as a result of the poorly implemented and ill-timed new Naira and cashless policies of the Central Bank pf Nigeria (CBN) that have grounded socio-economic activities in the country. While the interim injunction of the Supreme …

All Progressives Congress (APC) presidential candidate, Asiwaju Bola Ahmed Tinubu has hailed the Governors of the 36 states for standing on the side of the Nigerian people over the new Naira and cashless policies of the Central Bank of Nigeria (CBN) that have subjected the masses to pains. According to Tinubu, the Governors, especially those of the APC who instituted …

The amount of queueing Nigerians have been subjected to in the last couple of weeks is unprecedented. It is equally unbecoming. It’s almost like the country had gone back four decades. Fights have broken out in queues at bank facilities, filling stations, the offices of the Independent National Electoral Commission (INEC) and Local Government Council offices across the country. There …

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 …

On Channels Television last Wednesday during its Sunrise Daily morning show, Nasir el-Rufai, the governor of Kaduna State, confirmed the suspicion of many people when he disclosed that there are fifth columnists within Aso Villa that are working against the interest of their party, the All Progressives Congress (APC), in the upcoming presidential election. As el-Rufai explained without naming names, …

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 …