…noting that the Naira scarcity is not peculiar to Anambra State alone Anambra State Police Command said it has uncovered plans by some groups of persons to take advantage of the new Naira scarcity to unleash violence in some parts of the State. Police spokesperson, Tochukwu Ikenga in a statement described the naira scarcity as
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Frustration as Old, New Naira Scarcity Worsens
Commercial banks on Wednesday witnessed minimal activity as frustrated customers resorted to alternative means of cash withdrawal following the scarcity of naira notes in the banks. Our correspondents who visited some of the banks in Lagos state revealed that while most banking halls were empty due to paucity of funds in bank vaults, large crowds
Read moreNew Naira Notes Racketeering booms in Anambra
…I get the new Naira notes at very expensive rates – Currency seller Currency racketeers have taken advantage of the scarcity of the new naira notes to exploit Nigerians who were desperate to obtain the currencies on Monday. In some parts of Anambra state, black marketers were observed selling the new notes to those who
Read moreReps reject new CBN deadline as anger spread over new Naira scarcity
…CBN governor announced February 10 as the new deadline The House of Representatives has rejected the new deadline announced by the Central Bank of Nigeria, CBN, for the phasing out of old currency notes. The CBN governor, Godwin Emefiele had in a press statement on Sunday said the new deadline is February 10, 2023. The
Read moreNew naira notes: Jubilation in Anambra as CBN extends deadline
…Anambra traders had requested for time extension over new naira notes deadline It was jubilation galore on Sunday in various cities in Anambra following the announcement of extension of new naira notes deadline to February 10 by the Central Bank of Nigeria (CBN). The CBN governor, Godwin Emefiele, in a press statement said the new deadline is February
Read moreNew Naira Notes: Tension as residents refuse old note, appeal for extension of deadline
…as banks continue to pay customers with the old naira notes There is palpable confusion in Sokoto State as many residents in the state have refused to collect old naira notes from customers. The Daily Vendor gathered that most business operators in the state had started rejecting the old naira notes. It was also gathered that
Read moreGovernors summon Emefiele over Naira redesign, policy
Reactions have continued to trail the new withdrawal policy of the Central Bank of Nigeria, CBN, and the redesign of the Naira notes. Governors of the 36 states have on Tuesday, summoned the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, over the withdrawal policy and the redesigned naira notes. The governors, under the auspices
Read moreRedesign of Naira notes a waste of taxpayers’ money – Group
…insists redesigning of the Naira notes will only cost the nation huge sums of money at the expense of taxpayers A Northern group under the aegis of Concerned Northern Forum, has kicked against the proposed redesign of the Naira notes. The DAILY VENDOR had reported that the Central Bank of Nigeria, CBN announced that the
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