ASHENEWS reports that the Nigerian Security Printing and Minting Company (NSPMC) says it has made adequate arrangement to continuously produce the newly redesigned banknotes as well as other denominations in line with the Central Bank of Nigeria (CBN) indent for the year 2023.
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The Central Bank of Nigeria (CBN) has denied reports that its Governor, Godwin Emefiele, told the Council of State on Friday that the current shortage of new Naira notes is because the Nigerian Security Printing and Minting Company (NSPMC) Plc has no printing materials for the new notes.
Residents of Abakaliki have urged the federal government to, as a matter of urgency, address the nation in a nationwide broadcast on the suspension/extension of the deadline for the old naira note swap.
Investigations have shown that the Enugu residents started rejecting the old naira notes for transactions from those still holding them.
As the currency crisis bites harder, with Nigerians now rejecting old Naira notes following the Central Bank of Nigeria (CBN’s) February 10 deadline, Zamfara state governor, Bello Muhammad, has ordered the arrest of anyone in the state who rejects the old N200, N500 and N1,000 denominations.
The African Development Bank (AfDB) has appointed Ahmed Rashad Attout as Acting Director, Financial Sector Development Department, effective 1st December 2022.
A lawmaker in Ondo state, Mr. Sunday Olajide, has described as “choking” and inflicting pain the Central Bank of Nigeria’s (CBN) redesigned naira note policy introduced late last year.
On Thursday, the Police and the Department of State Security (DSS) held an emergency meeting with the Branch Controller of the Central Bank of Nigeria (CBN) and all Commercial Bank Managers in Kebbi over the shortage of the redesigned naira notes in the state.
ASHENEWS reports that the Niger State Policy on Micro, Small, and Medium Enterprises (MSME) was on Thursday presented to the public for deliberation.
ASHENEWS reports that the Nigerian government has told the Supreme Court that it lacks jurisdiction to entertain the suit filed by Kaduna, Kogi and Zamfara states against the February 10 deadline set by the Central Bank of Nigeria (CBN) for the use of the old notes. It also asked the apex court to dismiss the suit.