Most Nigerians have been struggling to access naira notes for some weeks due to the CBN’s plan to phase out old naira notes. The naira scarcity has been a source of hardship for millions of Nigerians across the country, including Lagos State. The situation spurred the Lagos governor to announce palliative measures for residents. Eko … Read more
The CBN had planned to phase out the old N200, N500, N1000 notes from February 10, 2023. The move came after the apex bank redesigned the concerned naira notes. Due to the difficulty in accessing the new naira notes, some states sued the federal government. Eko Hot Blog reports that the Supreme Court of Nigeria … Read more
Nigerians have been struggling to buy petrol from filling stations for several weeks due to scarcity. The CBN’s decision to phase out the old naira notes has met a roadblock due to the scarcity of the redesigned naira notes. Both situations have persisted despite the federal government’s numerous promises to find quick solutions to them. … Read more
EKO HOT BLOG reports that the presidential candidate of the All Progressives Congress (APC), Bola Tinubu has called on Nigerians to resist the antics of enemies of democracy who want to create a state of national siege and tension through the scarcity of fuel and the new naira notes. Tinubu who made the call … Read more
Protests have erupted in Ondo over the scarcity of fuel and naira notes. Due to the demonstration, commercial cars and motorcycle riders had trouble travelling on main highways. In light of the ongoing crisis, the police had already issued warnings to the public against protests or demonstrations. EKO HOT BLOG reports that residents of Ondo … Read more
Nigerians are currently experiencing severe hardship necessitated by the lack of access to the new naira notes. The situation has prompted protests in some parts of the country. The police in Lagos say they are aware of plans by some groups to use the naira notes scarcity as an excuse to foment violence. Eko Hot … Read more
APC has reacted to Obi’s statement on the naira scarcity. Peter Obi advised Nigerians to be patient with banks, as the situation will slowly change. Remi Omowaiye, the APC PCC in Osun State, charged that the CBN was seeking to “inflict agony on Nigerians.” EKO HOT BLOG reports that the All Progressives Congress Presidential Campaign … Read more
Nigerians have been struggling to access the redesigned naira notes for several weeks. The situation has persisted despite numerous promises by the federal government to sort it out. Gbajabiamila spoke about the situation with his constituents on Sunday. Eko Hot Blog reports that the Speaker of the House of Representatives, Femi Gbajabiamila, has revealed his … Read more
A new video shows a bank actively trying to sabotage CBN’s efforts by stockpiling new Naira notes in the vault. This goes against the Central Bank’s directives to place the Nigerian currency in circulation for its citizens. The video starts a debate on what the intentions truly are as the Central Bank and the commercial … Read more
There had been speculations Tinubu and the president were not on good terms. The APC candidate had accused some members of Buhari’s government of orchestrating the scarcity of petrol and new naira notes. The accusation fueled concerns that all is not well between both men but the former Lagos governor said he was warning the … Read more
Nigerians have been struggling to access the redesigned naira notes for several weeks. The situation has persisted despite numerous promises by the federal government to sort it out. Some governors, including Sanwo-Olu, met with President Buhari on Friday over the crisis. Eko Hot Blog reports that Lagos State Governor, Babajide Sanwo-Olu, has urged residents to … Read more
The Economic and Financial Crimes Commission commences an investigation into the alleged actions of an actress, Oluwadarasimi Omoseyin regarding the new Naira notes. According to the commission, Omoseyin violated Section 21 (5) of the CBN Act of 2007. The actress was seen on a video posted online spraying the new naira notes at a party. … Read more
Buhari has pointed to commercial banks as the cause of the scarcity of new notes. According to Buhari, greed, selfish interest, and inefficiency of the commercial banks led to the scarcity of the new naira notes. Buhari said the CBN Governor, Godwin Emefiele, gave him assurances of enough capacity and manpower before he approved the … Read more
Nigerians have been struggling to access fuel and the redesigned naira notes for several weeks. The situations have persisted despite numerous promises by the federal government to sort them out. The president’s meeting with governors from his party may be connected to the crises. Eko Hot Blog reports that President Muhammadu Buhari is in a … Read more
House of Reps has kicked against the extension of the deadline for old notes. Godwin Emefiele on Sunday announced that the deadline has been extended by ten days. The House on Tuesday constituted the ad hoc committee to look into the deadline set by CBN. EKO HOT BLOG reports that the ad hoc committee on … Read more
By Min Eddie The CBN was set to phase out the use of the old N200, N500, and N1,000 notes from February 1, 2023. However, the apex bank faced various calls to extend the deadline due to the shortage of the new notes. The CBN has now bowed to pressure by extending the deadline. Eko … Read more
The CBN was set to phase out the use of the old N200, N500, and N1,000 notes from February 1, 2023. However, the apex bank faced various calls to extend the deadline due to the shortage of the new notes. The CBN has now bowed to pressure by extending the deadline. Eko Hot Blog reports … Read more
The CBN is set to phase out the use of the old N200, N500, and N1,000 notes from February 1, 2023. The apex bank has resisted various calls to extend the deadline despite the shortage of the new notes. The situation has elicited a reaction from the president who is assuring Nigerians that they will … Read more
The CBN is set to phase out the use of the old N200, N500, and N1,000 notes from February 1, 2023. However, shortage of the new notes has threatened the apex bank’s target. The Kano government lamented that the shortage has inflicted “hardship” on residents. Eko Hot Blog reports that Kano State Governor, Abdullahi Ganduje, … Read more
Tinubu launched an attack against supposed saboteurs of his presidential bid on Wednesday. The APC presidential candidate said the scarcity of new naira notes and fuel across Nigeria is aimed at affecting his chances in the February 25 election. The attack generated speculations that Tinubu was attacking Buhari and those in his government of trying … Read more