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
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
Buhari is meeting with members of the House of Representatives Ad-hoc Committee to discuss the new Naira policy of the CBN. The committee was set up to investigate the policy. The meeting is taking place at the State House and the chairperson of the ad hoc committee, Alhassan Doguwa, is present. EKO HOT BLOG reports … Read more
With threats on commercial banks regarding the new naira situation in the country, the police in Bayelsa State have beefed up security in banks. The Commissioner of Police, Bayelsa State Command, CP Ben Okolo has instructed every division within the state to monitor banks and ATM points to ward off any attempt at vandalizing. He … Read more
Senior Advocate of Nigeria, Mike Ozekhome, comes hard on critics of the CBN’s naira redesign policy. According to the lawyer, it is only those who stand to lose a lot that have a reason to be worried, as it has little to do with the masses. Ozehome name drops vote buyers and the elites as … Read more
A representative of Jigawa beggars says the new naira notes are creating a lot of difficulties in their business. The Jigawa indigene notes the significant drop in alms given to the poor following the new naira debacle with the banks. Another woman shares how feeding has become difficult for her and her children with only … Read more
The new naira problem continues to persist and this time, the problem falls on an Abuja bank official with the law. The anti-corruption agency, EFCC has the man in for questioning over the hoarding of N29 million of the redesigned notes. Before the manager was taken in, the EFCC ordered the bank to load the … Read more
Some Nigerians have started rejecting old notes, one week before CBN’s deadline. According to reports, businesses in Sokoto on Monday have started rejecting the old naira notes. A resident explained that most banks in the state still paid customers with the same old naira notes. EKO HOT BLOG reports that the residents in Sokoto State … Read more