Shehu Sani has urged Governors to direct their frustration to the right source over Naira scarcity. EKO HOT BLOG reports that Senator Shehu Sani, a former Kaduna Central lawmaker, has advised state governors on what needs to be done to address the country’s prevailing naira scarcity. Senator Sani said on Saturday that the governors should … Read more
The National Assembly has been told to impeach President Buhari. The call is coming following Buhari’s refusal to obey the Supreme Court judgment on the Naira redesign. The group also called for the management and heads of all the banks in the country to be prosecuted. EKO HOT BLOG reports that the Southern Nigeria Peoples … Read more
The Supreme Court has adjourned the Naira swap suit against the Federal Government. The court has fixed March 3rd for judgement. The federal government’s Naira swap policy is being legally challenged by the state governments of Kaduna, Kogi, Zamfara, and others. EKO HOT BLOG reports that the Supreme Court has adjourned Judgement on a suit … Read more
A Lawmaker has demanded El Rufai’s arrest for issuing his own Naira directives. El-Rufai had urged citizens of Kaduna state to disregard Buhari’s directive on the old N1,000 and N500 notes. Reacting to the directives, Suleiman called for the immediate arrest of the Governor. EKO HOT BLOG reports that Samaila Suleiman, the lawmaker representing Kaduna … Read more
The 2023 elections are under threat following CBN’s failure to disburse funds to INEC and Security Agencies. This has raised serious concerns that the upcoming February 25th elections may not hold. The situation is complicated by the CBN’s Naira redesign policy. EKO HOT BLOG reports that with just a week to the 2023 general elections, … Read more
The CBN has ordered banks to collect old N500 and N1,000 notes. The CBN pegged the maximum amount the banks can collect at N500,000. The CBN also maintained that the old N500 and N1000 currencies were no more legal tender. EKO HOT BLOG reports that the Central Bank of Nigeria, CBN has directed commercial banks … Read more
The CBN has warned PoS agents against charging above N200. The CBN has also threatened to arrest and prosecute offenders. Mr Joseph Omayuku, the Director of the Governor’s Department, CBN, stated this on Monday while briefing journalists in Yenagoa, Bayelsa State. EKO HOT BLOG reports that the Central Bank of Nigeria has pledged to crack … Read more
The CBN has been told to shun the Supreme Court ruling on the use of old naira notes. The apex court had, in the judgement, annulled the CBN deadline of February 10. Reacting to the development, Farotimi suggested that the CBN ignore the Court ruling through ex parte order. EKO HOT BLOG reports that a … Read more
House Committee has demanded the arrest of Godwin Emefiele over the old Naira deadline. The ad-hoc committee on Sunday rejected the 10-day extension by the CBN. The CBN had fixed January 31st as the deadline for the exchange of the old N200, N500 and N1000 notes. EKO HOT BLOG reports that the House of Representatives … Read more