The Niger Delta Youth Congress (NDYC) says the monetary policies of the Central Bank of Nigeria is ill-timed and poorly implemented. The group also condemned the Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, for supporting the policy amid excruciating hardship Nigerians are going through. A statement signed by signed by Israel Uwejeyan,…
The Ohanaeze Ndigbo Youth Council Worldwide has warned that the worsening scarcity of the new naira notes and high cost of petrol, may snowball into chaos if urgent steps are not taken to address the situation. In a statement on Friday, National President of the group, Mazi Nnabuike, said the Central Bank of Nigeria (CBN)…
Presidential candidate of the All Progressives Congress (APC), Bola Tinubu, has said that the current scarcity of naira notes is a ploy to ensure the postponement of the general election. According to reports by TheCable, Tinubu said this on Friday at the APC presidential campaign rally in Ado-Ekiti, the Ekiti capital. The former Lagos governor alleged…
Residents of Ibadan, the capital of Oyo state, have taken to the streets to protest the lingering petrol and naira notes scarcity in the country. In October 2022, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced the plan to redesign the N200, N500, and N1,000 notes, and asked Nigerians to deposit their…
Governor of Ondo, Rotimi Akeredolu (SAN), has warned that current hardship being faced by Nigerian as result of the scarcity of new naira notes and hike in petrol price, may lead to “unpleasant consequences” if the situation is not addressed. In a statement on Friday, Akeredolu called on President Muhammadu Buhari to take urgent steps…
The Central Bank of Nigeria (CBN) said it is has no plan to further extend the February 10 deadline for the swapping of old naira notes with new notes. The CBN governor, Godwin Emefiele, stated this on Friday at a briefing at the Lagos office of the bank. Emefiele said the CBN as well as…
