Joe Igbokwe Questions Authorities on Naira Abuse Despite Ban

Innovation To Eradicate Flooding

Joe Igbokwe, a prominent member of the All Progressives Congress (APC), has raised concerns about the ongoing abuse and mutilation of the naira notes in Nigeria. EKO HOT BLOG reports that on Sunday, Igbokwe informed the relevant authorities that Nigerians continue to throw naira notes on the ground and walk on them during social events … Read more

CBN Fines Banks ₦150 Million Over Naira Note Hawking

CBN Naira Note Hawking

The Central Bank of Nigeria (CBN) has imposed a fine of ₦150 million on Deposit Money Banks (DMBs) found guilty of supplying mint naira notes to currency hawkers. EDITOR’S PICKS  PDP Declares Ethiope East Federal Seat Vacant Following Ibori-Suenu’s Defection to APC Retired Principals Call for Recognition and Better Welfare from Government BREAKING: IGP Egbetokun … Read more

Cash Dealers Exploit Nigerians, Naira Notes Sold At Cutthroat Rates

Nigerians Save Money

The hawking of naira notes at exorbitant rates has surged across Nigeria as citizens continue to grapple with limited cash availability in banking halls, despite repeated warnings and threats from the Central Bank of Nigeria (CBN). EDITOR’S PICKS  PDP Declares Ethiope East Federal Seat Vacant Following Ibori-Suenu’s Defection to APC Retired Principals Call for Recognition … Read more

Cash Scarcity: CBN Clears Air on Validity of Old ₦1000, ₦500, ₦200 Notes

Cash Shortage PoS Agents

The Central Bank of Nigeria (CBN) has clarified that all naira banknotes, including the old and new designs of the ₦1000, ₦500, and ₦200 denominations, as well as the commemorative and previous designs of the ₦100 note, remain valid legal tender indefinitely, with no set deadline. EKO HOT BLOG reports that In a statement signed … Read more

All Denominations Of Naira Banknotes Remain Valid – CBN

Cash Shortage PoS Agents

The Central Bank of Nigeria (CBN) says all denominations of Naira banknotes currently in circulation remain indefinitely valid as legal tender and cannot expire or be phased out. A statement on Friday by CBN’s Acting Director, Corporate Communications, Mrs Sidi Ali Hakama, said all banknotes including the old and new designs of N1,000, N500, and … Read more

Ensure Nationwide Availability Of Naira Notes -Shettima Tasks Banks

Youth Development Bank

Vice-President Kashim Shettima has urged Nigerian Deposit Money Banks (DMBs) to ensure seamless availability of Naira notes to the banking public. Shettima made the call on Friday in Abuja, at the 2024 Bankers ‘ Committee Retreat. He was represented by Tope Fasua, Special Adviser on Economic Affairs, Office of the Vice-President. He urged the committee … Read more

Reps Slams CBN Over Confusion On Old, New Naira Notes

Naira Notes Sold At Cutthroat Rates

Labour Party Caucus Leader in the House of Representatives, Afam Ogene, has strongly criticized the Central Bank of Nigeria (CBN) for its unclear stance on the concurrent use of old and new Naira notes, describing the situation as confusing for the public. Ogene’s statement, made in Abuja on Friday, followed a recent clarification from the … Read more

Exposing Cubana Chief Priest’s Stern Warning: EFCC’s ‘Wahala’ – A Harrowing Experience Unveiled

Exposing Cubana Chief Priest's Stern Warning: EFCC's 'Wahala' – A Harrowing Experience Unveiled

Popular socialite cautions Nigerians about EFCC troubles Advises avoiding legal scrutiny amid ongoing case Highlights stress of facing anti-graft agency’s prosecution Eko Hot Blog reports that popular Nigerian socialite and nightlife promoter, Pascal Okechukwu, popularly known as Cubana Chief Priest, has issued a cautionary note to Nigerians about the stress involved in dealing with the … Read more

Nollywood Actress Sentenced To Six Months In Prison For Spraying Naira Notes At Event

Naira gains

EKO HOT BLOG reports that Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Thursday sentenced a Nollywood actress, Oluwadarasimi Omoseyin, to six months in prison for spraying and stepping on the new naira notes at a social event in Lagos State. This online media platform gathrered that the actress was first … Read more

REWIND: Buhari Counters CBN Investigator, Confirms He Approved Naira Notes’ Redesign

Embattled former CBN Governor, Godwin Emefiele, presenting the redesigned naira notes to former President Muhammadu Buhari

On Friday, reports emerged that the Special Investigator on the Central Bank of Nigeria (CBN) and Related Entities, Jim Obazee, claimed that former President Muhammadu Buhari did not approve the redesign of naira notes. Obazee submitted his final report tagged, ‘Report of the Special Investigation on CBN and Related Entities (Chargeable offences)’ to President Bola … Read more

‘Redesigned Naira Notes Still In Circulation’, CBN Refutes Withdrawal Claims

New notes

The Central Bank of Nigeria has denied reports that it plans to phase out the newly redesigned naira notes. The bank stated that old and new currency notes have been circulating side by side and will continue to be accepted as legal tender. The redesigned and old notes will circulate together for transactions ahead of … Read more

CBN Speaks On Efforts To Ease Out Old Naira Notes Before December Deadline

Naira

Nigerians are hoarding redesigned naira notes ahead of the December deadline for the phasing out of old notes. Despite the Supreme Court ruling that old and new notes should circulate until the end of the year, most notes spent by Nigerians are still the old ones. The CBN is printing and releasing more new notes … Read more

Naira Notes: Yahaya Bello Explains Why He And El-Rufai Stormed The Supreme Court

Yahaya Bello
  • Yahaya Bello has revealed why he went alongside with El-Rufai to the supreme court.

  • The Supreme Court postponed the hearing of the states’ pooled lawsuits.

  • According to the Kogi governor, they are not against the redesign policy but the implementation by CBN.

EKO HOT BLOG reports that the Kogi State Governor, Yahaya Bello, has revealed why he and the Kaduna State Governor, Nasir El-Rufai, stormed the Supreme Court on Wednesday.

The Supreme Court of Nigeria held a brief hearing on the suit filed on the naira swap policy of the Central Bank of Nigeria (CBN).

EDITOR’S PICKS  

The apex court, however, adjourned the hearing of the consolidated suits by states to Wednesday, February 22, 2023.

Bello, while addressing newsmen after the adjournment, said he and his Kaduna counterpart stormed the court to ensure that justice is obtained for the masses who are suffering the brunt of the policy at this time.

The Kogi State Governor said he and El-Rufai are not against the redesign policy but against the CBN implementation.

The Supreme Court hearing was attended by a delegation of Senior Advocates of Nigeria (SAN) on Wednesday.

He said, “We are in court because Nigerians are suffering as a result of this CBN muddled-up cashless versus currency redesign policy, that is why we are here today.”

Bello said the understanding from court proceedings suggests that the order made by the justices still subsists up till Wednesday, February 22 when the matter will be heard.

According to him, this is in reference to an injunction by the court, temporarily banning the implementation of the February 10 deadline of the CBN from making the old N200, N500 and N1,000 notes legal tender.

FURTHER READING

Bello, however, charged Nigerians to remain law-abiding.

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Massive Protest Rocks Abuja Over Supreme Court’s Order On Naira Notes [PHOTO]

BREAKING NEWS

Massive protests have erupted in Abuja over Supreme Court’s order on Naira notes. The aggrieved protesters stormed CBN headquarters and the office of the Attorney General of the Federation urging it not to back down on the currency swap policy. They urged President Buhari to issue Executive Order for the old Naira notes not to … Read more

INEC Vows 2023 Elections To Hold As Scheduled Amid Petrol, Naira Scarcity

INEC

INEC has vowed that the 2023 general elections will hold as scheduled. The electoral body maintained that the election will “go on as planned” even as Nigerians battle with the scarcity of petrol and new naira notes. Yakubu made this known on Wednesday during a meeting with the Federal Executive Council (FEC). EKO HOT BLOG … Read more

“Queues At ATMs Will Disappear Soon” – CBN Vows As Nigerians Struggle To Get New Naira Notes

There has been a scarcity of naira notes since the CBN announced plans to phase out the old naira notes. Despite the apex bank extending the deadline to phase out the old notes, queues as the ATMs have persisted. The CBN has pledged that the queues will “disappear soon.” Eko Hot Blog reports that the … Read more

Old Naira Notes: Our Wives Selling Corn Need Naira – Tinubu Reacts To Extension Of Deadline

Tinubu

Tinubu has reacted to the extension of the deadline for old notes by CBN. Tinubu commended President Muhammadu Buhari for approving the CBN for the extension. The Former Lagos Gov. noted that the lobbying for the extension is part of the reasons he arrived late for the interaction with political leaders. EKO HOT BLOG reports … Read more

‘Hike In Fuel Price, Change Of Naira Notes Won’t Sway APC’s Victory’ – Tinubu

Tinubu

Tinubu has expressed confidence ahead of the coming elections. Tinubu was present at the APC rally in Ogun State on Wednesday. According to the APC presidential candidate, fuel prices and changes in Naira notes won’t affect APC’s victory. EKO HOT BLOG reports that the presidential candidate of the All Progressives Congress (APC), Bola Tinubu has … Read more

CBN Says Naira Notes Will Soon Be Out Of Circulation, Reveals Replacement

CBN Gives Reasons Why Market Men And Women Should Start Using e-Naira

CBN Gives Reasons Why Market Men And Women Should Start Using e-Naira Compares e-Naira With Bitcoin, ATM, POS EDITOR’S PICK: CBN Defers Launch Of Digital Currency ‘E-naira’ Digital Currency: CBN Set Date To Officially Launch E-Naira eNaira: CBN Alerts Nigerians Over Fake Social Media Accounts EKO HOT BLOG reports that the Central Bank of Nigeria … Read more