President Major General Muhammadu Buhari (retd.) expressed his concerns over the commitment of banks towards the success of the new naira policy on Friday. He stated that some banks are inefficient and only concerned with their own interests, causing difficulties through their selfishness and greed. Buhari appealed to citizens to give him seven days to…
On Friday, President Buhari urged citizens to give him a week to resolve the nationwide cash shortage caused by the Central Bank of Nigeria’s policy to replace high-value naira notes with new ones. During a visit from the Progressive Governors’ Forum, who were concerned about the negative impact the cash crunch was having on the…
Bola Tinubu, the Presidential candidate of the All Progressives Congress (APC), recently made a series of promises to the people of Osun State. At a rally in Freedom Park, Osogbo, ahead of the February 25 presidential election, Tinubu pledged to put an end to unemployment in the country if he is elected as president. He…
As Nigeria experiences a week of difficulty and frustration due to the naira swap policy, the Central Bank of Nigeria (CBN) is closely monitoring the cash operations of banks to prevent any abuse. There have been reports of bank officials selling the new notes to politicians and other VIPs, causing a scramble for cash among…
Customers in Ibadan, the capital of Oyo State, took to the streets on Friday to protest the scarcity of new Naira notes. The Central Bank of Nigeria (CBN) recently introduced the newly designed N200, N500, and N1000 denominations and instructed commercial banks to fill their ATMs with the new currency. The CBN gave a deadline…
“President Buhari Holds Talks with APC Governors in Abuja” President Muhammadu Buhari is holding discussions with the governors elected on the All Progressives Congress (APC) platform. The Progressives Governors Forum is convening with the President at the State House council chamber in Abuja. The purpose of the meeting remains unclear but it is speculated to…
On Thursday, there was a clash between students at the University of Benin and soldiers due to a disagreement over cash withdrawal at an ATM machine. The conflict arose after soldiers tried to skip the queue and were met with resistance from the waiting students, who were upset over the soldiers’ similar behavior the previous…
The Central Bank of Nigeria (CBN) has issued a statement directing commercial banks to provide new naira notes to customers over the counter. According to the statement signed by the Director of Corporate Communications, Osita Nwanisobi, this step is being taken in order to help alleviate the difficulties being faced by Nigerians in obtaining the…
The Nigerian National Petroleum Company (NNPC) denies allegations that the current fuel scarcity is a deliberate attempt to interfere with the upcoming general elections. The CEO of NNPC, Mele Kyari, made this statement during an appearance on the NTA Good morning Nigeria program on Thursday. The claims of election sabotage were made by presidential candidate…
Good news for drivers in Abuja, Niger, Nasarawa, and other states in Nigeria! The long wait at petrol stations for Premium Motor Spirit (PMS), also known as petrol, has come to an end. The Nigerian National Petroleum Company Limited (NNPC) released 67 million litres of PMS to marketers, resulting in the sudden disappearance of queues…
