Tag: new naira
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Emefiele gets N300m court bail over new naira note printing
Emefiele gets N300m court bail over new naira note printing Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has been granted bail amounting to N300 million after facing a four-count charge for allegedly printing new naira notes without following due process. Despite the charges brought forth by the Economic and Financial Crimes Commission (EFCC),…
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How Emefiele tried to sabotage 2023 elections with new naira note – Akpabio
How Emefiele tried to sabotage 2023 elections with new naira note – Akpabio Senate President Godswill Akpabio claims that Godwin Emefiele, the immediate previous governor of the Central Bank of Nigeria (CBN), attempted to sabotage the conduct of the 2015 general election by instituting the naira redesign policy. On Tuesday, Akpabio addressed on the Senate…
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Naira: Protesters burn three banks in Sagamu, Ogun State
Some people protesting the current scarcity of new naira notes on Monday set three commercial banks ablaze in Sagamu, Ogun State. They also torched some residential buildings during the protest against the Central Bank of Nigeria’s naira redesign programme. Pictures and videos shared on social media showed burning buildings and bonfire on the road. The…
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CBN likely to pump more new naira notes into circulation today
The Central Bank of Nigeria (CBN) may pump in today more new naira notes into circulation through the banks, The Nation learnt yesterday. About N500 billion of the new notes have been injected into circulation since December 15, last year. Today’s plan by the apex plan to pump more cash, close to N1 trillion will come…
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We don’t have capacity to print new notes – Emefiele
Amidst the cash crisis bedevilling the country and the expectations of Nigerians that President Muhammadu Buhari would resolve the matter in seven days as promised, the governor of the Central Bank of Nigeria (CBN) has said the apex bank does not have the capacity to print adequate new naira notes. Emefiele made the disclosure on…
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New Naira Notes: Why we didn’t dispense N6m in our vault — Sterling Bank
Sterling Bank PLC has offered reasons why it did not disburse the N6 million in N200 denomination found in its vault in its Ado-Ekiti, Ekiti State branch. The Bank offered the explanation on Sunday night after a viral video showed that it had the money in its vault. The discovery followed the visit of an…
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New Naira notes: ICPC arrests Bank Manager for loading ATM with wrapped cash in Osogbo
The Independent Corrupt Practices and other related offences Commission has arrested a Bank Manager with the First City Monument Bank in Osogbo, the Osun State capital. The spokesperson of the ICPC, Azuka Ogugua, confirmed the development in a statement she issued on Friday. Ogugua said the ICPC compliance team in Osogbo discovered a FCMB branch…
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Pay customers with N100, N50, CBN orders commercial banks
The Central Bank Of Nigeria has directed all commercial banks to pay customers over the counter in N100, N50, N20, N10, and N5 notes, regardless of the amount withdrawn. Bankers Committee issued the directives to all commercial banks in the country on Monday, and announced the discontinuation of old notes payment of N1000, N500 and…
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Updated: Postpone visit to Kano, Ganduje advises Buhari over fuel, new naira anger
Governor of Kano State, Abdulahi Ganduje, has made a request to President Muhammadu Buhari to put on hold his planned visit to the state. Ganduje’s reason, according to a statement by his media aide, Abba Anwar, is to avert possible embarrassing breakdown of law and order by the ordinary citizens over the complications arising from…
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Emefiele briefs Buhari on new naira notes, others
Governor of the Central Bank of Nigeria (CBN) on Thursday in Abuja met with President Muhammadu Buhari at the Aso Rock to brief him on the activities of the bank including the availability of the new naira notes. Emefiele had earlier attended a meeting between the President and the visiting Director General of the Arab…