Naira Crisis: Operators Flee as Soldiers Storm Bayelsa’s Bureau De Change Centres
The crackdown on BDCs is not limited to Bayelsa; similar actions have been reported in major cities including Abuja, Oyo, and Lagos.
Tag: Naira Crisis
Why More Multinational Firms May Exit Nigeria in 2024 – Report
The report read in part, “In 2024, we expect companies to continue to re-imagine their operational strategies to achieve cost efficiency.
Why N1000 to $1 Is Ideal– Reno Omokri
He compared Nigeria to Japan, China, Vietnam, and Indonesia, citing how they weakened their currency for them to boost their exports and local products.
Lagos, Anambra Govts, Others To Shut Down Banks Rejecting Old Naira Notes
In an open letter published this afternoon, he released telephone numbers through which residents can report offending banks.
Breaking: President Buhari Distances Self From CBN, AGF Allegedly Defying Court Order
This was made known through the press release by the Presidency reacting to the allegation that the President was the one that instructed the CBN and the AGF to disobey the Supreme Court on the Naira policy.
Naira Crisis: Akeredolu Decries Rejection of Old Notes, Gives Fresh Directives
Recall that the Supreme Court had ordered that the old currency notes must remain as legal tender in exchange for goods and services in the nation.
Naira Policy: SERAP Sends Strong Message To Buhari As CBN Remains Reticent To Court Order
SERAP is concerned about the persistent disobedience of court orders by your government, and the apparent lack of respect for constitutional and international rule of law obligations.
Why CBN Must Comply With Supreme Court Judgment on Naira Redesign Policy –Gbajabiamila
It was titled ‘Statement by the Speaker of the House of Representatives, Rep. Femi Gbajabiamila, on the Decision of the Supreme Court in the Matter of the naira swap policy.’
Supreme Court Ruling on CBN’s Policy: Buhari Addresses Nigerians Over Naira Crisis
the Supreme Court on Friday ruled that the old N200, N500, and N1,000 notes remain legal tender till December 31, 2023.
Naira Scarcity: Will Tinubu Move To Reverse CBN’s Policy?
The circular added the apex court must have the final say as globally practiced in a constitutional federation.
Ogun Tightens Measures Against Companies, Stores Rejecting Old Naira Notes
“Commercial outlets are hereby reminded that there is an existing court order by the Supreme Court, the apex court in Nigeria, directing that old notes remain legal tender.” He said.
CBN Vows To Crackdown On Anyone Spreading Fake News On New Naira
This is contained in a statement jointly signed by the CBN’s Deputy Governor, Corporate Services, Edward Adamu, and Director, Corporate Communications, Osita Nwanisobi on Tuesday.
Naira Crisis: CIBN To Address Challenges, Prioritizes Bankers’ Safety
It said the banks would continue to remain open to serve the public as long as it was safe to do so.
Naira Crisis: Ekiti Assembly Sends Message To Buhari, CBN
The deputy speaker, Hakeem Jamiu, lauded Governor Biodun Oyebanji for ensuring that Ekiti state joined the suit filed by Kaduna, Kogi, and Zamfara states, against the federal government on the new naira policy at the Supreme Court.
New Naira: Why Buhari Cannot Overrule Supreme Court Order – Ozekhome
The President then issued dicta, more in the form of a military Decree, that, ‘in line with section 20 (3) of the CBN Act, 2007, all existing old N1000 and N500 notes remain redeemable at the CBN and designated prints’.
NAIRA SWAP CRISIS: Police Arrest Two Suspects For Allegedly Possessing, Selling of Counterfeited Naira Notes
This is a sequel to the warnings by the Central Bank of Nigeria against suspected and potential perpetrators of such acts
FUEL, NAIRA CRISIS: Gov. Makinde Moves To Cushion Effects, Proffers Palliative Measures
He announced this in a state-wide broadcast aired on the state-owned radio service, the Broadcasting Corporation of Oyo State.