Naira redesign: Plaintiff drags Emefiele to court

April 17, 2023 Editor 0

For his failure to immediately obey the order of the Supreme Court over naira redesign policy, the Governor of Central Bank of Nigeria, Mr Godwin Emefiele, has been dragged before a High Court of the Federal Capital Territory, seeking his imprisonment. The plaintiff in the matter, Olalekan Popoola, in suit number CV/2757/2023 is seeking an order of the court committing Read More

Return of old N500, N1000 naira notes: What Nigerians are saying about CBN

March 14, 2023 Admin III 0

After several months of Naira scarcity, Nigerians have reacted after the Central Bank of Nigeria finally bowed to Supreme Court order stating that old N500 and N1000 Naira notes are still legal tender. Blueprint had reported that the apex bank had announced in a statement that the old notes are still legal tender hours after President Muhammadu Buhari insisted that he Read More

Naira redesign: Don’t keep Nigerians in the dark over Supreme Court judgement, SERAP mounts pressure on Buhari

March 5, 2023 Admin III 0

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to tell Nigerians what his government is doing to implement the decision of the Supreme Court, extending the validity of the old N200, N500, and N1,000 notes to December 31, 2023. SERAP further urged Buhari to disclose the measures that his government is taking to direct the Central Read More

Breaking: Supreme Court rules, extends old naira notes validity

March 3, 2023 Admin III 0

The Cashless policy and Naira re-design policy, has been nullified and declared as an affront to the 1999 Constitution by the Supreme Court of Nigeria on Friday March 3, 2023 in Abuja. Justice Emmanuel Akomaye Agim, who read the lead judgment of the Court said the Federal Government breached the Constitution in issuing directives for the re-designing of the Naira Read More

Naira redesign: Anxiety as Supreme Court announces judgement day

February 23, 2023 Kehinde Osasona 0

 The Supreme Court Wednesday slated March 3, 2023 to deliver judgment in the suit brought before it by the governments of Kaduna, Kogi, Zamfara and 13 others. In the suit, the states are challenging the naira redesign policy of the federal government. At Wednesday’s proceedings, a seven-member panel of Justices of the apex court, presided by Justice John Inyang Okoro, Read More

VIDEO: Massive crowd flood CBN to deposit old naira notes

February 17, 2023 Admin III 0

Nigerians have stormed the various Central Bank of Nigeria (CBN) in parts of the country to meet up with the February 17, 2023, deadline for the deposit of the old naira notes at the apex bank. In a viral video on Friday, a massive crowd were seen at the CBN office located at Marina in Lagos.

Naira swap: Cashless crisis deepens as reactions trail Buhari’s new directive 

President Muhammadu Buhari has ordered the Central Bank of Nigeria (CBN) to reinject the old 200 naira notes and allow it co-exist with the redesigned N200, N500 and N1000. The president announced this Thursday in a national broadcast monitored by Blueprint in Abuja, even as Nigerians continue to bemoan the policy which has disrupted the nation’s business space.  Buhari said Read More

Ondo sues CBN, FG over old naira notes deadline

February 10, 2023 Admin III 0

The Ondo state government has filed a suit against the Federal Government(FG) and the Central Bank of Nigeri (CBN), at the Supreme Court over the scarcity of naira notes and the deadline for old naira notes. The was disclosed in a statement signed by the special assistant to the Attorney-General of the state, Kola Adeniyi. He said, “The Ondo state Read More

Harship: APC, PDP ‘ll hear from Nigerians during election – ADP gov’shp candidate 

February 10, 2023 Bode Olagoke 0

The Plateau state governorship candidate of the Action Democratic Party (ADP) in the forthcoming election, Dr. Sani Dawop, has said both the ruling All Progressives Congress (APC) and the main opposition Peoples Democratic Party (PDP) will be shocked during February and March elections across the country as a result of ongoing hardship in Nigeria. Dr. Dawop, however, declared that his Read More

Breaking: IMF calls for naira swap deadline extension

February 8, 2023 Admin III 0

The International Monetary Fund (IMF) has called on the Central Bank of Nigeria (CBN) to to extend its February 10 Naira swap deadline. The IMF, in a statement signed by Laraba Bonet in Abuja, Wednesday, urged CBN to consider the current hardship in the country. “In light of hardships caused by disruptions to trade and payments due to the shortage of new Read More

February 10 deadline on naira swap: Judge orders CBN on compliance, El-Rufai, Bello, Matawalle drag FG to Supreme Court

As the scarcity of old and new Naira notes lingers, Kaduna, Kogi and Zamfara state governments have jointly dragged the federal government before the Supreme Court over the February 10 deadline for the expiration of the old naira notes. The three states are controlled by the  All Progressives Congress(APC) governors namely, Nasir el-Rufai, Yahaya Bello and Mohammed Mutawallen respectively.    Read More

Court stops CBN from extending deadline on old naira notes

February 7, 2023 Admin III 0

The Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN), to ensure the enforcement of its February 10, 2023, deadline of the old naira notes. Justice Eleojo Enenche, gave the order on Monday in a ruling on an ex parte application by four opposition political parties which includes, Action Alliance (AA), Action Peoples Party (APP), Allied Read More

Naira swap policy: Atiku, PDP working with saboteurs against Nigerians – Tinubu 

February 3, 2023 Bode Olagoke 0

Presidential candidate of the ruling All Progressives Congress (APC) Bola Ahmed Tinubu, has accused his opponent in the Peoples Democratic Party (PDP) Atiku Abubakar of working with saboteurs on the current scarcity of new naira notes and fuel scarcity. A statement released Friday in Abuja by Tinubu’s Presidential Campaign Council said Anyone who lives in Nigeria and not Dubai and Read More

CBN orders banks to pay new notes over the counter

February 3, 2023 David Agba 0

The Central Bank of Nigeria (CBN) Thursday reversed itself and directed banks to commence paying customers new Naira notes over the counter. The apex bank said the order was to reduce queues around Automated Teller Machines (ATMs) across the country. CBN Governor Godiwn Emefiele gave the directive in Abuja on Thursday. A statement from CBN’s Director Corporate Communication Osita Nwanisobi, explained that Read More

Breaking: CBN gives fresh order to Banks on new naira notes

February 2, 2023 Admin III 0

As Nigerians groan over scarcity of new Naira notes, the Central Bank of Nigeria (CBN), has given a fresh order to commercial banks. The apex bank on Thursday ordered financial institution to start issuing new naira notes at the counter. The new directives were to relieve Nigerians from the challenges they are experiencing with getting access to the new notes. Read More

Long queues at banks, ATMs: Minister reveals Buhari’s reaction

February 2, 2023 Admin III 0

After several weeks of long queues at various ATMs across the nation, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has spoken about President, Muhammadu Buhari’s perception. The minister said the president was unhappy about the suffering of Nigerians in accessing the redesigned naira notes. The minister on Thursday in a media briefing described the current situation being Read More