naira redesign policy.

Debate Continues: Northern Groups List Conditions For Supporting Tax Reform Bills

Dec 8, 2024. by Praise Ben

As opposition grows against the proposed Tax Reform Bills in the National Assembly, influential Northern groups have expressed concerns over the potential economic implications for the region. These groups, while acknowledging the importance of tax reforms, have insisted on specific conditions to ensure the measures do not exacerbate the North’s existing economic challenges. The opposition … Read more

Yuletide: Cash Scarcity Persists Despite CBN’s Directives To Banks

Dec 8, 2024. by Praise Ben

Despite recent directives from the Central Bank of Nigeria (CBN) to curb artificial cash scarcity, findings indicate that the situation remains dire in parts of the country. A November 29 circular, signed by Acting Directors Solaja Olayemi and Isa-Olatinwo Aisha, directed Deposit Money Banks to ensure efficient cash disbursement via ATMs and over-the-counter channels, warning … Read more

Emefiele’s Suspension: Don’t Ruin Your Administration – Omokri Tells Tinubu

Jun 10, 2023.Jun 10, 2023. by Praise Ben

Reno Omokri criticizes President Bola Tinubu’s suspension of Central Bank Governor Godwin Emefiele, deeming it vindictive in response to the Naira redesign policy. Omokri urges Tinubu to prioritize unity and stability after the elections and not tarnish the progress made. He hopes the President will reconsider the action for the nation’s greater good. EKO HOT … Read more

‘Temporary Pain And Suffering Worth It For Nigeria’s Progress’ – Buhari

May 28, 2023. by Praise Ben

Buhari has defended the hard-hitting policies of his eight-year regime. The policies included the naira redesign policy, which resulted in a nationwide shortage of notes and losses to farmers and banks. The outgoing president also admitted to making difficult choices for revamping the economy. EKO HOT BLOG reports that Muhammadu Buhari on Sunday, in … Read more

Smart Adeyemi Alleges Naira Redesign Was Plot To Frustrate Tinubu’s Presidential Ambition

May 27, 2023. by Praise Ben

Smart Adeyemi has urged Bola Tinubu to investigate the naira redesign policy that caused Nigerians to suffer. He alleged that the redesign was a calculated attempt to frustrate Tinubu’s presidential ambition. Despite this, he believes that a new Nigeria will emerge when Tinubu’s presidency begins on May 29th. EKO HOT BLOG reports that Smart Adeyemi, … Read more

International Best Practices: CBN Director Lauds Naira Redesign Policy

Jun 19, 2023.Mar 31, 2023. by Praise Ben

The CBN has stated that the naira redesign policy was to support stability in the exchange rate and fight crime. The CBN reassured Nigerians of the robustness of the payment system infrastructure to handle the growing usage of online banking facilities. The CBN’s interest rate increase has drawn criticism, as it may negatively impact the … Read more

Naira Redesign: IGP Probes Govs For Allegedly Making Inciting Remarks

Feb 23, 2023.Feb 23, 2023. by Otunba T.J Abass

The IGP has initiated an investigation into the governors for allegedly making incendiary remarks regarding the Naira redesign policy. He said despite the investigation, the governors who have been found guilty of inciting comments cannot be prosecuted because they enjoy immunity. Baba made this known on Wednesday while speaking with journalists. EKO HOT BLOG reports … Read more

Naira Scarcity: Properties Looted As Hoodlums Ransack, Destroy Banks In Rivers

Feb 18, 2023.Feb 17, 2023. by Otunba T.J Abass

Hoodlums have destroyed three commercial banks in Rivers State. The affected institutions are First Bank, Keystone Bank, and the First City Monument Bank. The hoodlums reportedly looted computer monitors, desktops, water dispensers, and other items inside the bank. EKO HOT BLOG reports that during a protest against the Central Bank of Nigeria’s naira redesign policy, … Read more