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.
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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.
ASHENEWS reports that the Coalition of Northern Groups (CNG) has welcomed the Supreme Court ruling halting the implementation of the February 10 Naira swap deadline and warned the Central Bank of Nigeria (CBN) and the Federal Government to respect the order of the court.
ASHENEWS reports that the Supreme Court of Nigeria on Wednesday temporarily halted the withdrawal of old Naira notes by the Central Bank of Nigeria (CBN) from February 10.
The Kaduna, Kogi and Zamfara state governments have approached the Supreme Court of Nigeria to seek a restraining order against the Federal Government and the Central Bank of Nigeria (CBN), to stop the full implementation of the policy.
Some residents of Rivers have decried the high charges made by banks’ money agents, popularly called Point of Sale (POS) operators.
Some bank customers in Sango-Ota have appealed to the Central Bank of Nigeria (CBN) to sanction money deposit banks that are not paying the maximum of N20,000 to customers over the counter.
Residents of Bauchi have continued to lament over scarcity of the new Naira notes as they were unable to get cash from counters in banks, Automated Teller Machines (ATMs) and Point of Sales (POS) in the state.