Governor of the Central Bank of Nigeria

Governor of Kano State, Abdullahi Ganduje, said the untimely implementation of the naira swap policy, was deliberately done by the Governor of the Central ...

He urged community leaders to create awareness in their areas of influence that the hardship people face is caused by the CBN Governor, to confuse the democratic process. Many Nigerians have condemned the policy due to the scarcity of new notes. Good journalism costs a lot of money. “They should come over and explain to us, why our people are still suffering over this issue of naira swap. “Currency redesign is done across the globe, but not in the way we are witnessing in our country. The governor said the Kano State government and the APC in the state are against the timing of the naira redesign policy of the CBN governor.

Nigeria, the touted giant of Africa, has been in chaos in the past few days. The confusion created by the duo of President Muhammadu Buhari...

He wants people to suffer, he wants chaos and he wants to scuttle the election. If you give a bank N500,000, the bank staff will finish it because they too need money and they also have relations that need money. With the look of things, many Nigerians may not survive the next one week if the situation does not improve. According to him, the crisis has forced many hawkers out of the traffic where they used to make their sales. The glasses of the bank’s building were smashed by some boys, some of whom do not even have an account with the bank. It was discovered that the banks would load the ATM in the evenings when people did not expect it, and the staffers, who also need money, would rush to empty the trays before outsiders got wind of what’s happening. By Friday last week, those that went to some of the big banks got only N5000 apiece. Last Thursday, the CBN ordered commercial banks to begin to pay some specific amount of money to customers across the counter. But investigations have shown that the banks are not being given enough money by the apex bank to serve their customers. On the other hand, Emefiele said that the reason for the exercise was purely to properly regulate the volume of money in circulation. Nigerians were thus stampeded into rushing to the banks to dump their “last card”, with the hope that the CBN was going to massively roll out the new bills as promised. He said that it was wrong for excess cash to be outside the banking system.

The Save Nigeria Movement (SNM) has demanded an urgent retraction and apology from Governors Nasir el-Rufai of Kaduna state and Umar Ganduje of Kano State ...

“TAKE NOTICE that should you fail or refuse to tender apology and retraction of your unsubstantiated statements within seven (7) days upon receipt of our legal correspondence, we will have no option but to take all legal steps to compel you forthwith.” the group wrote in the letter to the trio. “We hereby demand forthwith you tender apology to Nigerians and retraction of your statements in three (3) national dailies and Channels Television within seven (7) days upon receipt of our legal correspondence.

Adams Oshiomhole, former governor of Edo, has lamented over the lingering petrol scarcity and hike of the product in many parts of the country.

You told me to remove the old clothes and that I’d need a new ones. “But even worse is that you want me to change my old clothes by fire by force. And then you tell me that I can’t take more than N20,000 from my own money. “I think I can guess because I was not there that in obtaining the approval which the president said he gave, I believe the CBN deceived the president by amplifying the need to have a corruption-free electioneering as if the election is the only project that this president has responsibility for.” “So, if you spend N35,000 or N30,000 to buy a bag of rice, CBN has a policy that says you can’t take more than N20,000, that is where the ATM is working, which means you will have to queue all day to take money enough to pay for half a bag. “We’re taught in basic leadership that whoever has power should pray for wisdom.

The governor of the Central Bank of Nigeria, Mr Godwin Emefiele, appears to be in a fanatical grip of a new religion he calls.,..

The rising inflation Nigeria has been facing over the past few years has been caused by three main external factors: the collapse of the prices of crude oil in the international market in 2014-2016, the pandemic and its global economic disruptions, and the global economic effects of the Russia-Ukraine War. What the CBN needs is a tougher regime regulations and sanctions on the commercial banks, the weakest links in Nigeria’s monetary system, not an expensive and socially painful naira redesign policy. In fact, the cashless Nigeria policies are so worthless, as far as policymaking goes, they border on criminality on the part of the CBN and government. These are the real questions for the CBN to address, and in the medium to longer term, redesigning the currency is no solution to these questions, at all. The cash withdrawal limits of N500,000 per week for individuals and N5 million respectively, the CBN says, will help reduce galloping inflation, particularly on food and other consumer goods in the country. The governor of the Central Bank of Nigeria, Mr Godwin Emefiele, appears to be in a fanatical grip of a new religion he calls ‘cashless policy’.