Lagos State Governor, Mr Babajide Sanwo-Olu has threatened to sanction any business that fails to collect the old Naira notes, warning that any bank branch that act in same manner would be shut down immediately and reported to the Central Bank of Nigeria (CBN). In a letter he wrote and addressed to Lagosians on Monday, the Governor directed residents of …

The Akwa Ibom State Government has announced the suspension of all levies and daily tickets to tricycle and minibus operators in the state for five days. In a statement by the state Commissioner for Transport, Uno Etim Uno, the government said the gesture was to cushion the ongoing cash crunch and other challenges suffered by transporters as a result of …

An investigative medium, PREMIUM TIMES has called for the arrest and prosecution of the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele over the lingering Naira crisis. In an editorial titled: CBN, the rule of law and Nigerian democracy, the newspaper faulted the apex bank for failing to adhere to the ruling of the Supreme Court on …

The piece you are about to read was written by a former distinguished university professor, former Nigerian Ambassador to a European country, and widower now in his 80’s. His name is omitted here because the piece was circulated within a private (though not a small) private chat group but because the issue discussed is topical and again because salient points …

In the wake of reported disturbances in some parts of Lagos State on Friday, Governor Babajide Sanwo-Olu has sent a passionate appeal to residents to remain calm and avoid any form of violence that may throw the state into turmoil. In an address to the state on Saturday, the Governor empathised with Lagosians over the hardship being experienced with the …

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 …

President Muhammadu Buhari has backed the Central Bank of Nigeria (CBN) in the move to have some of the Naira notes redesigned. Finance and National Planning Minister, Dr Zainab Ahmed had said last Friday that her ministry was not aware of the policy. But the CBN responded that it followed due process. A statement on Sunday by the Senior Special …