Buhari naira notes

2022 - 11 - 1

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Image courtesy of "Nairametrics"

Buhari explains why he approved the redesign of new Naira notes (Nairametrics)

President Muhammadu Buhari, in defense of his approval of the Central Bank of Nigeria's (CBN)'s redesign of some naira notes, said he was convinced that the ...

I don’t know if the monetary authorities have looked very closely at what the consequences are and how they can be mitigated.’’ - She said, “We are also looking at what the consequences will be. Shehu, in the statement, noted that the president said Nigeria has a lot to gain from the change in naira notes, adding that he did not consider the period of 3 months for the change to the new notes as being short.

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Image courtesy of "Pulse Nigeria"

New Naira notes: CBN has my backing - Buhari (Pulse Nigeria)

Since the announcement, Naira has moved from N770 to N795 in the parallel market (black market) against dollar. | Pulse Nigeria.

Emefiele said there was significant hoarding of naira notes by members of the public, with statistics showing that over 80 per cent of the currency in circulation were outside the vaults of the commercial banks. Emefiele said circulation of the new banknotes would commence on December 15. Since the announcement, Naira has moved from N770 to N795 in the parallel market (black market) against dollar.

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Image courtesy of "AllAfrica.com"

Nigeria: Buhari Declares Support for Central Bank's Move to ... (AllAfrica.com)

President Buhari said reasons given to him by the CBN convinced him that the economy stood to benefit from the policy. President Muhammadu Buhari has ...

President Buhari said reasons given to him by the CBN convinced him that the economy stood to benefit from the reduction in inflation, currency counterfeiting and the excess cash in circulation, Mr Shehu wrote. President Buhari said reasons given to him by the CBN convinced him that the economy stood to benefit from the policy. In response to the finance minister's statement, Mr Emefiele said he got the permission of the president before announcing the policy.

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Image courtesy of "Economic Confidential"

CBN Has My Backing To Redesign, Replace Naira Notes - Buhari (Economic Confidential)

President Muhammadu Buhari has reacted to the plan by the Central Bank of Nigeria ( CBN) to redesign and replace N1,000, N500 and N200 notes.

said the decision of the Central Bank of Nigeria (CBN) to launch new designs and replace high value Naira notes had his support and he was convinced that the nation will gain a lot by doing so. This president’s confirmation of his endorsement of the CBN’s move is coming on the heels of Minister of Finance, Budget and National Planning, Zainab Ahmed’s declaration that the apex bank did not carry her ministry along in its plan to redesign and roll out new naira notes. President Muhammadu Buhari has reacted to the plan by the Central Bank of Nigeria ( CBN) to redesign and replace N1,000, N500 and N200 notes, effective Decemebr 15.

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Image courtesy of "SaharaReporters.com"

Sowore Calls For Buhari's Impeachment, Sacking Of Nigerian ... (SaharaReporters.com)

The presidential candidate of the African Action Congress, Omoyele Sowore, has called for the impeachment of President Muhammadu Buhari and the sacking of ...

#WeCantContinueLikeThis #BuhariMustGo #EmefieleMustGo These incumbent thieves, and saboteurs of the Nigerian economy must go!” He, therefore, called for the impeachment of President Buhari and the sacking of CBN governor, Emefiele. @GodwinIEmefiele has become the Bureau De Change for the @mbuhari family & cabal.

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Image courtesy of "TheNiche"

Buhari calms nerves, says CBN has his backing to replace naira notes (TheNiche)

President Muhammadu Buhari has assured all stakeholders that the Central Bank of Nigeria (CBN) has its approval to launch new designs.

Buhari also said reasons given to him by the CBN convinced him that the economy stood to benefit from reduction in inflation, currency counterfeiting and the excess cash in circulation. The President said that he is convinced that the nation will gain a lot by doing so. A statement on Sunday by presidential spokesman Garba Shehu said President Buhari spoke in a Hausa radio interview with the famous journalist Halilu Ahmed Getso, and Kamaluddeen Sani Shawai to be aired Wednesday Morning on Tambari TV on Nilesat.

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Image courtesy of "Ripples Nigeria"

Dollar hits N865 after Buhari confirms redesign of naira notes (Ripples Nigeria)

The United States dollar appreciated against the naira in the black market on Monday after Bureau De Change operators increased their asking price by N75. |

[Investigations3 months ago](https://www.ripplesnigeria.com/investigation-how-roadside-foods-endanger-consumers-life-with-trans-fat-in-northern-nigeria/) [Investigations2 months ago](https://www.ripplesnigeria.com/special-report-hike-in-gas-price-forces-more-nigerians-to-use-coal-sawdust-as-smoke-kills-93300-yearly/) [Investigations2 months ago](https://www.ripplesnigeria.com/investigation-how-kano-subeb-awarded-contracts-to-inactive-contractors-non-existent-schools-in-kano/) [Investigations1 month ago](https://www.ripplesnigeria.com/investigation-inside-kwara-school-where-students-are-used-as-labour-on-teachers-private-farms/) [Investigations1 month ago](https://www.ripplesnigeria.com/investigation-how-n70m-road-construction-created-more-hardship-for-sokoto-residents/) A day before, the Bureau De Change operators had sold the dollar at a rate of N790.

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Image courtesy of "Vanguard"

Today in the News: Buhari backs Emefiele over naira re-design… (Vanguard)

Amid controversies over the position of the Finance Minister, Mrs Zainab Ahmed, on the decision of the Central Bank of Nigeria, CBN…

Abdulhafiz Toriola and the motor park management liaison officer Mr Hakeem Odumosu (AIG rtd) in the company of JDWAN legal adviser, Barrister Ayo Ademiluyi. The Minister of State for Petroleum Resources, Timipre Sylva, said weekend that Nigeria loses 700,000 barrels of crude oil to thieves daily. Amid controversies over the position of the Finance Minister, Mrs Zainab Ahmed, on the decision of the Central Bank of Nigeria, CBN, to embark on the redesigning of Naira notes, President Muhammadu Buhari said yesterday that the CBN has his support on the project.

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Image courtesy of "Investors King Ltd"

Redesigning Naira Notes Will Benefit The Economy, Says Buhari (Investors King Ltd)

President Muhammadu Buhari announced that the CBN had given him reasons to believe redesigning the Nigerian Naira is a move that would benefit the economy ...

Zeal Akaraiwe said that the decision of the CBN was the answer needed to wade in huge amounts of cash into the banking system while enhancing the effectiveness of CBN’s Monetary policies. “Especially at a time when the country is grappling with huge fiscal deficits, a free fall of the naira, soaring inflation rates, multiple forex rates, and rising borrowing costs. The Central Bank of Nigeria’s (CBN) move to redesign and reissue the N200, N500, and N1000 notes have been welcomed with diverse reactions by the citizens of Nigeria.

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