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Real reason there is naira scarcity – CBN
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The Central Bank of Nigeria, CBN, has attributed the scarcity of the new naira to the hoarding of the notes by Nigerians. CBN’s D lolirector of Consumer Protection, Mrs Rashidat Mongunu, said this on Thursday while monitoring microfinance banks in Offa, Offa Local Government Area of Kwara. The monitoring team, as reported by NAN, first…
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2023: Prophet Iginla predicts winner of presidential election
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Prophet Joshua Iginla of the Champions Royal Assembly has disclosed the candidate that would win the 2023 presidential election. Iginla disclosed that God would make the most criticized and hated candidate win the presidential election. In his series of prophecies, Iginla said: “Concerning the presidential election, I see the most criticised and hated candidate emerging…
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BUSINESSNew naira scarcity: CBN issues fresh promise to commercial banks
admin
he Central Bank of Nigeria, CBN, on Thursday promised to supply commercial banks with plenty of funds to address the new Naira note scarcity in Kogi State. Kogi CBN Branch Controller, Ahmed Sule, made the vow while speaking with NAN in his office in Lokoja. Recall that protesters had on Wednesday picketed some commercial…
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Print More Money Or Allow Co-Circulation, Council Of State Urges Buhari
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The Council of State has advised President Muhammadu Buhari to direct the Central Bank of Nigeria (CBN) to print more redesigned naira notes or allow the new and old banknotes to circulate concurrently to ease the tension caused by the scarcity of cash. The Council approved the naira redesign policy of the CBN but faulted…
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Supreme Court Seeks Law Ministry’s Response in Plea to Fill up to 50% HC Vacancies from Judicial Officer
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The intervention application filed before the Supreme Court in the All India Judges Association case states that the first choice for elevation as a high court judge ought to be from the judicial officers The Supreme Court on Tuesday sought the law ministry’s response in a plea seeking directions to high courts across the country…
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Naira swap: FG refuses to extend deadline of Feb 10, asks apex court to dismiss states’ suit
admin
Buhari meets Emefiele, Malami after Supreme Court ruling • IMF asks FG, CBN to extend cash swap deadline • Continue to spend old naira notes, el-Rufai tells Nigerians • Cash scarcity defies Supreme Court’s ruling • Cash in circulation may have dropped by 80 per cent Uncertainties trailing the Central Bank of Nigeria (CBN)’s naira…
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