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Former Senate Minority leader, Senator Enyinnaya Harcourt Abaribe, Monday, said that the introduction of the Bimodal Voter Accreditation System, BVAS and the cash crunch occasioned by the cashless policy was instrumental to his victory in the February 25 presidential and national assembly elections. The former Deputy Governor of Abia State also said that impunity thrives […]
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Nigeria Employers’ Consultative Association, NECA, has warned that the ripple effects of the cash swap policy would linger and would take a long time for businesses, especially the informal sector, to recover as many of them have closed due to low purchasing power of consumers. NECA in a statement yesterday in Lagos, however, commended the […]
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The Emir of Kano, Alhaji Aminu Ado Bayero, has cautioned the Central Bank of Nigeria and commercial banks to follow the cashless policy steadily in step-by-step for the people in the country to embrace and familiarize with the new change. The monarch made the call on Tuesday when a team of the Bankers Committee of […]
Continue ReadingWhile the three-month cash shortage rocks Nigeria’s economy and Nigerians, banks that are at the centre of it all may emerge unscathed as almost all their income lines appeared unaffected. Financial experts have been focusing on the likely impacts of the Naira banknote crises on the financial performance of banks as they round up their […]
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Lagos State Governor, Babajide Sanwo Olu, has directed residents of the State to go ahead and have transactions with the old Naira notes, saying residents should use the old notes for commercial purposes without any restraint. Sanwo-Olu gave the directive in a letter he wrote and addressed to residents on Monday. The governor said his […]
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Despite the adoption of cashless payment systems across different segments of the country, the Nigerian Railway Corporation has insisted on cash payment for its transactions, especially for fares along its Lagos-Ibadan route. While other businesses are exploring the Point of Sale and online banking services, it was observed that officials of the NRC were not […]
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Governor Abdullahi Ganduje of Kano State has condemned the support of the opposition Peoples Democratic Party and the New Nigeria Peoples Party for the Central Bank of Nigeria’s naira redesign policy. A statement by his Chief Press Secretary, Abba Anwar, said the governor made the remark on Monday while launching the distribution of palliatives to […]
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Following concerns that the Naira redesign policy of the Central Bank of Nigeria CBN and its attendant currency scarcity was meant to limit the electoral chances of the All Progressives Congress APC Presidential Candidate, Asiwaju Bola Tinubu, his wife, Senator Oluremi has said the presidential campaign is on course in spite of the disruptive implementation […]
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A former Speaker of the House of Representatives, Hon Yakubu Dogara, has commended President Muhammadu has said that history will be kind to President Muhammadu Buhari should he remain resolute and not cave in to pressure and reverse his position on the cashless policy. He said that the move will impressively curb the menace of […]
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Human Rights Lawyer, Dr. Monday Ubani has said that the reintroduction of the old N200 notes into the Nigerian economy by President Muhammadu Buhari is an overruling of the Supreme Court order that says old notes remain a legal tender. The President in an address on Thursday ordered the CBN to recirculate the old N200 […]
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