A witness for the Economic and Financial Crimes Commission, Chinedu Eneanya, on Thursday told the Federal Capital Territory High Court in Abuja that former Central Bank of Nigeria Governor, Godwin Emefiele, disregarded the naira redesign approved by ex-President Muhammadu Buhari and implemented his own version. Eneanya, an EFCC investigator who testified as Principal Witness 7, stated that Buhari had approved …

The Manufacturers Association of Nigeria (MAN) has stated that sales of cement dropped by 30 per cent at the peak of naira scarcity earlier this year. The association also said that lack of access to cash during this period led to a 20 per cent drop in sales of consumer goods. MAN stated that in a ‘Special Focus’ of its …

The Senator representing Kogi West, Smart Adeyemi has called on the incoming administration to investigate the circumstances that greeted the naira redesign policy. Senator Adeyemi specifically urged the President-elect Bola Ahmed Tinubu to ensure that the Central Bank of Nigeria governor, Mr. Godwin Emiefiele is invited for questioning to shed light on those who were involved. The lawmaker, who was …

The All Progressives Congress (APC) presidential campaign council has debunked reports that its candidate, Asiwaju Bola Tinubu incited some APC governors to disobey the directive of the President Muhammadu Buhari. In a statement on Friday night, the council’s Director of Media and Publicity, Mr Bayo Onanuga said that it is fake news being peddled by an online platforms, adding that the …

The Jigawa State Government has vowed to enforce the Supreme Court order restraining the Federal government from banning the old naira notes as legal tender. This was contained in a public notice made available to newsmen by the Jigawa State Commissioner for Special Duties Auwal Sankara. According to the public notice, commercial banks, corporate organisations, ministries, agencies, and traders must …

The Central Bank of Nigeria (CBN) has created a portal for the collection of the old Naira notes as the deadline to submit to banks directly elapsed last Friday. The CBN published a notification titled ‘Redemption of Currency Notes’ on its website. The notification delivers a link to the portal to enable users redeem (deposit) their old N1,000, N500, and …

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 Registrar of Joint Admissions and Matriculation Board (JAMB), Professor Is-haq Oloyede has said that the board is not considering an extension of registration for the 2023 registration of Unified Tertiary Matriculation Examinations (UTME) over the Naira crisis. Last week, JAMB said that it would not extend the 14 February deadline for the 2023 UTME registration, but had to reiterate …