ASSBIFI has directed some bank staffers to stay off work following attacks on banks across Nigeria. The directive stems from the ongoing cash crisis plaguing the country. The noticed was issued by the union’s President, Comrade Olusojo Oluwole. EKO HOT BLOG reports that the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has … Read more
President Buhari has disclosed that he instructed the CBN Governor, Godwin Emefiele to change Naira design. “I authorised the CBN to redesign the N200, N500, and N1000 Nigerian banknotes,” Buhari said. Buhari said this during a national broadcast. EKO HOT BLOG reports that President Muhammadu Buhari on Thursday confirmed that he gave the directive for … Read more
A nursing mother along with 3 others killed in Benin as protests tore down the city over Naira scarcity. Residents engage in violence at the gate of the CBN’s building as they barricade the bank’s gate. The nursing mother was killed by a stray bullet while waiting by an ATM stand to withdraw cash. EKO … Read more
Gumi has reacted after terrorists flaunted the newly redesigned naira notes. Balleri and his terrorist followers flaunted the newly redesigned naira notes in a video that has gone viral. The terrorist leader also claimed that he has bought new weapons with the new naira notes despite the scarcity in the country. EKO HOT BLOG reports … Read more
A Twitter user is detained by the ICPC for trying to sell new naira notes. The agency made the arrest after receiving a report from intelligence on the suspect’s actions. The anti-graft organisation stated that the move advances the cooperation between the Central Bank of Nigeria and the ICPC. EKO HOT BLOG reports that the … Read more
Emefiele has announced that operatives of the EFCC and ICPC will monitor the distribution of new naira notes to banks. The CBN Governor disclosed this on Sunday after briefing President Muhammadu Buhari on the implementation of the naira redesign. The apex bank had fixed January 31, 2023, as the deadline for the withdrawal of the … 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
Massive protests have erupted in Abuja over the alleged ‘hoarding’ of the new naira notes by commercial banks. The NBA chairman accused the banks of helping politicians to frustrate the cash withdrawal limit and cash swap policy. The policy is expected to force politicians to surrender old naira notes stock-pilled in their houses. EKO HOT … Read more
A mint merchant was spotted hawking new naira notes at a party. EKO HOT BLOG reports that Some Nigerians have expressed displeasure after a mint merchant was spotted hawking the new Naira notes at a party. This online media platform gathered that this was coming a few days after the new notes were released into … Read more
President Buhari has officially unveiled the redesigned naira notes to the general public. EKO HOT BLOG reports that the Federal Government of Nigeria has officially unveiled the redesigned naira notes to the public. President Muhammadu Buhari unveiled the newly designed Naira notes at the Federal Executive Council meeting held in Abuja. EDITOR’S PICKS BREAKING: Nnamdi … Read more
CBN Governor, Godwin Emefiele has announced that the new Naira notes will be unveiled tomorrow. EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday announced that President Muhammadu Buhari will officially unveil the designed Naira notes tomorrow Wednesday, November 23, 2022. Emefiele made this known during … Read more
The Senate has approved CBN’s plan to redesign naira notes. EKO HOT BLOG reports that the Nigerian Senate on Wednesday resolved to provide legislative support for the policy of the Central Bank of Nigeria (CBN) to redesign the naira. The resolution of the Red Chamber followed a motion on the policy by the Chairman of … Read more
Former Emir of Kano, Muhammadu Sanusi II has said the redesigned naira notes will retain the Arabic sign on the current notes. Eko Hot Blog reports that Sanusi who was also a former governor of the Central Bank of Nigeria (CBN) said the apex bank’s governor, Godwin Emefiele, told him that the Arabic sign will … Read more
Sowore has urged President Muhammadu Buhari to fire Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN). Eko Hot Blog reports that the African Action Congress (AAC) presidential candidate Omoyele Sowore suggested that Emefiele should be sacked for his plans to redesign new naira notes. EDITOR’S PICK Panic As Masked Gunmen Kidnap Motorist … Read more