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The Central Bank of Nigeria (CBN) is set to pump in more new naira notes into circulation through the banks, insiders mentioned to YOUNEWS . About N500 billion of the new notes have been injected into circulation since December 15, last year. CBN plans to pump more cash, close to N1 trillion will come into circulation, a CBN board member ...
Interviews
February, 2023
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14 February
S/Court rules on Naira notes deadline tomorrow
A CBN board member has reaffirmed for the umpteenth time that the apex bank will abide by the Supreme Court’s decision to pull the brake on enforcing a deadline on the deposit of old Naira notes Tomorrow February 15 is when the Supreme Court will hear the suit instituted by three governors. “Whe cannot really speculate on extension or no ...
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14 February
INEC say Elections ‘ll not be postponed, but no voting in 240 units
The Independent National Electoral Commission has insisted that it is not considering postponing the 2023 general elections. The electoral body took to its social media platforms to debunk a publication it said was fake news, claiming that INEC might postpone the forthcoming elections by one or two weeks. Telling Nigerians to disregard the fake publication, INEC said the 2023 elections ...
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14 February
Why Banks stop collecting old noted ahead Court deadline
Commercial banks are simply obeying order from the banks regulatory body, CBN , and not the Court, YOUNEWS had learnt , authoritatively. The policy of not collecting old noted s in line with a directive from the apex bank. The banks are saying that they do not know anything about the Supreme Court order. At a Zenith bank branch located ...
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14 February
Reasons this Elderly man weeps inside banking Hall
A video of an elderly man weeping inside the banking hall of one of the commercial banks on Monday surfaced on social media platforms. The elderly man who spoke in the Yoruba language said he needed to access cash in order to buy drugs. “All I want is money to buy my drugs and also get food to eat. The ...
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10 February
What Council of State told Buhari & Emefiele today
The National Council of State has asked the Central Bank of Nigeria to print more New Naira Notes or recirculate the old Naira notes back into the System. The Council also agreed unanimously to obey the Supreme Court Ruling. Therefore today is no longer the Deadline as announced by CBN. The Council of State advised President Muhammadu Buhari to direct ...
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10 February
Emefiele confeses: CBN didn’t anticipate the new naira note crises
The Central Bank of Nigeria, on Thursday, admitted that the ongoing scarcity associated with the naira redesign and cash withdrawal policy was not anticipated. This came amid numerous protests and attacks on banks by angry Nigerians due to the inability to access cash for their regular transactions. A Deputy Governor of the bank, Folashodun Shonubi, made the admission at the ...
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10 February
FG complies with Court order, extending old naira notes till Feb 15
The shove has come to push, on use of old naira’s deadline, as FG says it’ll obey Supreme court order. Abubakar Malami, attorney-general of the federation says the federal government would obey the supreme court order restraining the Central Bank of Nigeria (CBN) from banning the use of the old naira notes from February 10. A seven-member panel of the ...
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10 February
‘Killers’ Of Ogun Couple, Son Murdered Jan 1, Arrested
The Ogun State Police Command says it has arrested all the suspects involved in the gruesome murder of a couple, Kehinde and Bukola Fatinoye and their only son, Oreoluwa Fatinoye.The suspects were arrested 40 days after the couple and their son were killed in their residence in Ibara GRA, Abeokuta, the Ogun state capital, on January 1.The police spokesman, Abimbola ...
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3 February
El-Rufai Lists Villa Elements ploting Tinubu’s fall
Aso Rock “cabals” or “Villa Elements have been clearly defined by Kaduna governor, El-Rufai as those in the presidency who are opposed to the Presidential ambition of Asiwaju Bola Tinubu, candidate of the All Progressives Congress (APC) for the 2023 presidential election. El-Rufai had ignited a controversy on Wednesday when he said some persons in Aso Rock were working against ...
