Tag Archives: Scarcity

The National Security Adviser (NSA), Babagana Monguno, says there are plots to use the naira scarcity to cause civil unrest during the general election. Monguno stated this during a meeting of the inter-agency consultative committee on election security (ICCES)on Tuesday, February 21.   Represented by Sanusi Galadima, a deputy director, …

A staff of the Lagos State University (LASU) Ojo, Mr Ademola Adesola, slumped and died while queuing in a bank within the school to withdraw N5,000 new notes.    The Head of the Publicity and Public Relations Unit of the university, Mr Jeariogbe Olaniyi, who confirmed the incident to the …

Operatives of the Ekiti State Security Network otherwise known as Amotekun corps have arrested a man identified simply as Celestine for being in possession of fake new N1000 notes amounting to about N100,000.  The corps commander, Brigadier General Joe Komolafe (retd) who made this known while parading the suspect at …

Some commercial sex workers in the Federal Capital Territory have decried low patronage in their business due to the scarcity of naira notes.   Some of them who spoke to the News Agency of Nigeria in Abuja on Sunday, February 19, 2023, said the scarcity of the notes is a …

Singer Paul Okoye aka Rudeboy has lamented about the scarcity of the Naira.  In a post shared on his Instastories, Paul claimed he had to pay as much as N70, 000 to get N40, 000   today February 16.  Read his post below The post Naira scarcity: I ‘bought’ N40,000 with N70,000 today …

At least three persons are feared dead following a violent protest over the scarcity of Naira notes in Benin city, Edo state today, February 15.   The protesters attempted to break into the State branch of the Central Bank of Nigeria (CBN) located along Akpakpava Street, a commercial nerve center …

  As Nigerians continue to experience hardship in accessing the new Naira notes, President Buhari met with the Governor of the Central Bank of Nigeria, Godwin Emefiele, at the State House, Abuja Monday, February 13.   Emefiele arrived at the villa around 1:00pm, shortly after the President returned from the …

The Central Bank of Nigeria (CBN) has denied reports claiming that the Governor of the apex bank, Godwin Emefiele, said the current challenge in the distribution of the newly redesigned naira banknotes is due to a shortage of printing materials at the Nigerian Security Printing and Minting Company Plc.   …

Henshaw, who is enraged by the situation of things in the country, took to her Instagram page to call out the apex bank in the country and the President of the nation. The actress believes that the CBN has been feeding people inaccurate information about how much it deposits into …

The governments of Kaduna, Kogi, and Zamfara states have dragged the Federal government before the Supreme Court, seeking a restraining order to stop the full implementation of the policy surrounding the newly redesigned Naira notes.   The Central Bank of Nigeria in October 2022 announced plans to redesign the 200, …