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The Central Bank of Nigeria (CBN) has instructed its branches nationwide to continue issuing both old and redesigned naira notes in ample quantities to deposit money banks. This directive comes on the heels of reports of cash scarcity in major cities despite earlier assurances from the CBN about sufficient cash availability. The CBN, in a
The Supreme Court on Wednesday adjourned a case instituted by the state governments against the Federal Government challenging the implementation of the naira redesign. The apex court adjourned the case to March 3 for judgement. More details to come shortly… Nigerians over to you… The evil people seem to be having their way…. The ball
The current naira crunch across the nation is currently making most Nigerians do the unthinkable in most of the commercial bank branches in Nigeria. 🇳🇬 A viral video of a Woman who defied all odds to climb just like a 🕸 spider-woman over the walls of the bank to gain access into the banking premises
Vehicular movement on Lagos-Ibadan Expressway is gradually coming to a halt. The gridlock, which is almost at a stand-still, has spread from the Mowe area of Ogun State inwards the Long Bridge area of Arepo, following protest that broke out on Friday morning over the naira scarcity. Our correspondent who passed by noticed police presence
Supreme Court on Wednesday ordered a suspension of the deadline for the swapping of old to new Naira notes by the Central Bank of Nigeria (CBN). The Supreme Court issued an interim injunction restraining the Federal Government from suspending the acceptance of the old Naira notes on the Friday February 10, 2023 deadline. Kaduna, Zamfara,
The suffering Nigerians are lamenting seriously as the situation is getting out of hand as cash and fuel scarcity bite harder. You’d recall that ICPC arrests FCMB operation manager for Hoarding New Naira notes and also Jkcyno news reported that EFCC Arrests GTB branch manager over hoarding of N29M new Naira notes (pictures). Today, we report of
ICPC Compliance Team in Oshogbo has busted an FCMB in Osogbo, Osun State where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash from being dispensed. The Team therefore directed that the wrappers be removed, and the cash loaded properly. However, when a follow-up visit was undertaken the following day
EFCC Arrests Operations Manager of a Commercial Bank for Hoarding New Naira Notes in Abuja An Operations Manager of a leading Commercial bank in Abuja Central Area was on Monday, February 6, 2023, arrested by operatives of the Economic and Financial Commission, EFCC,for refusing to load the Automated Teller Machines, ATMs, of the bank despite
The president of Nigeria, Muhammadu Buhari who earlier today had meetings with APC Governors behind closed doors in Aso villa where the Governors of APC suddenly developed “fake love” for the suffering Nigerians only in regards to the new naira notes scarcity. They actually don’t care about the suffering Nigerians on the fuel queues, buying
Students of UNIBEN had some very intense chaotic moments with the Nigerian soldiers earlier today in the university environment,Jkcyno news reports. We gathered that some soldiers tried to bully the students on queue who were already frustrated while waiting to withdraw cash at the ATM. Jkcyno news gathered that the soldiers clashed with the students