The Arewa Consultative Forum (ACF) has described the refusal of President Muhammadu Buhari and the Central Bank of Nigeria (CBN) to comply with the Supreme Court’s judgment, which declared that the old Naira notes remain legal tender till 31 December, as invitation to crisis in Nigeria. It said the policy has done serious damage to the credentials of President Buhari …

… APC demands Emefiele, Malami’s resignation Governor Nasir El-Rufai of Kaduna State on Friday alleged that the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele introduced the Naira redesign policy to help the Peoples Democratic Party (PDP) win the 2023 general elections. “Emefiele was appointed Central Bank Governor by the PDP originally. So, let’s not forget where …

The Supreme Court has ordered that the old N200, N500, N1,000 notes remain in circulation till 31 December 2023. In its ruling on Friday, the apex court also nullified the Federal Government’s Naira redesign policy, declaring it as an affront to the 1999 Constitution. The Supreme Court delivered judgment in the suit brought against the Federal Government on the Naira …

Nigerians are anxiously awaiting the Supreme Court’s decision on the Central Bank of Nigeria’s (CBN) new Naira policy. Some state governments recently filed a suit against the Federal Government over the Naira swap policy. In their most recent hearing, a nine-member panel of the Supreme Court led by Justice John Okoro scheduled judgment for 3 March. Kaduna, Kogi, Zamfara, Katsina, …

There is a popular theory that Nigerians are resilient. The naira redesign policy of the Central Bank of Nigeria (CBN) put that famous theory to the test in several ways. People have been stretched in a myriad of directions in the scramble to overcome the scarcity of new naira notes. Banking halls, Automated Teller Machine (ATM) points, and Point of …

The governments of Kaduna, Kogi and Zamfara States have filed a contempt proceeding against the Attorney General of the Federation (AGF), Mallam Abubakar Malami and the Governor of Central Bank of Nigeria, Mr Godwin Emefiele, for failing to comply with the order of the Supreme Court suspending the ban on the old N200, N500 and N1,000 notes. A fresh proceeding …

As protests continue in parts of Lagos State, the government has preached against violence, and urged the residents to be calm while the Naira scarcity crisis is being resolved. In a statement by the Commissioner for Information and Strategy, Mr Gbenga Omotoso, the government noted that the fuel situation that the country has been facing for weeks is also easing …

The Centre for Democracy and Development (CDD) has condemned President Muhammadu Buhari for acting contrary to the order of the Supreme Court on the Naira swap policy. The apex court had ruled on 8 February and reinforced a week later that the policy should be suspended pending the hearing of the suit brought by several state governments against the Federal …

It’s hard to imagine that it’s nearly eight years since. This time in 2015, I was over the moon with the prospects of a general election that was certain to end the government of President Goodluck Jonathan, which had lost its way. Folks were so excited at the prospects of change that in the South-West, a Yoruba version of “February” …

Kaduna State Governor, Malam Nasir El-Rufai has said that there has been no meeting this week between the Federal Government and either the Nigerian Governors’ Forum (NGF) or the Progressive Governors Forum (PGF). In an earlier report, sourced and credited to TheCable, President Buhari was said to have met with the NGF and the PGF to resolve the legal action …