Naira Scarcity

Four persons, including a nursing mother, were on Wednesday, killed in Benin, the Edo State capital, as angry residents barricaded.

We don’t know where we are going or where we are coming from,” he added. The protest snowballed into crisis when other protesters from Mission road and Sakpoba road started attacking the CBN by throwing stones and other objects with the attempt to break in. Trouble started when an unmarked Toyota Hilux which the protesters believed was from the government office coming to the CBN to collect new cash wanted to enter the bank.

Governor Ifeanyi Okowa of Delta State and running mate of PDP's presidential candidate, Atiku Abubakar on Wednesday appealed to citizens…

“As a government, we are not unaware of your sufferings but we appeal to you to be patient with the monetary authorities as they take steps to improve the money supply in the country. “We appeal to our brothers and sisters across the state to keep calm in spite of the current travails they are going through as a result of the scarcity of naira notes in the country. He called on the people to remain calm while also appealing to the Central Bank of Nigeria and the monetary authorities to take further steps in increasing the money supply in the system.

Hammed Shittu in Ilorin. Thousands of aggrieved residents of Ilorin, the Kwara State capital, Wednesday staged a peaceful protest over shortage of new naira ...

“It is however important that we do not allow the legitimate protest to be seized by hoodlums who might intend to exploit the situation to cause further crisis and endanger the lives and property of residents. Director General for the PDP Gubernatorial Campaign Council in the state, Prof. We are a resilient people who are popular for our peaceful nature and our history of seeking reliefs with calmness and absolute restraints. “We in the Kwara State PDP empathise with our people and we understand the hardship they are experiencing over the scarcity of fuel and the inability to access cash for their legitimate business transactions. “I sincerely appeal to you to remain calm. I admit it has been tough, and we do not take your patience for granted.

Protests on Wednesday rocked the Udu road area of Delta State, resulting in the death of two persons and the burning of two commercial banks over naira.

“Everywhere is on fire; First, Union and Access Banks buildings were burnt down by protesters over the naira crisis. He added, “two commercial banks, Access and Union Banks, were burnt down and two Corolla Vehicles were burnt down”. Protests on Wednesday rocked the Udu road area of Delta State, resulting in the death of two persons and the burning of two commercial banks over naira scarcity.

Commuters resort to trekking long distances. From Oluseye Ojo, Ibadan. Ibadan, the Oyo State capital, on Wednesday witnessed a new twist in the series of ...

If I want to buy a thing of N350 and I want to do a transfer. Some parents rushed to the schools of their children to take them home. In the same vein, the Eleyele-Dugbe Road was barricaded at Eleyele Roundabouts. We are in it together. If you want to do a transfer, the network is not good. Deaths of some protesters have also been recorded.

Three persons have been reported shot in Benin City, capital of Edo State, when youths staged a protest against currency swap. One of the victims was killed ...

It was gathered that while this was going on, an unmarked Toyota vehicle came to the gate of CBN trying to gain entry but was stopped by those who were already at the bank. Trouble was said to have started when some of persons came to the CBN to deposit their money in compliance with the bank’s regulation of depositing old bank notes. One of the victims was killed closed to the Central Bank Nigeria (CBN) Office in Benin, while two were said to have died at the Sokponba road axis during attempt by the protesters to attack banks in the area.

Violent protests have erupted in some states of the federation over the scarcity of old and new naira notes.

Recall that the Supreme Court had on Wednesday adjourned the suit filed by Governors to challenge the naira redesign policy of the Central Bank of Nigeria (CBN) to Wednesday February 22. Though only three northern states- Kogi, Kaduna and Zamfara- initially instituted an action to challenge the new monetary policy that was introduced by the Central Bank of Nigeria, CBN, however, when the matter came up before the Supreme Court on Wednesday, seven other states applied and were joined as co-plaintiffs in the suit. Violent protests have erupted in some states of the federation over the scarcity of old and new Naira notes.

Residents of Benin, the capital of Edo state, have taken to the streets to protest the lingering scarcity of naira notes in the country.

Similarly, the apex court joined Edo and Bayelsa states in support of the federal government on implementation of the naira redesign policy. The court joined Katsina, Lagos, Cross Rivers, Ogun, Ondo, Ekiti, and Sokoto states as co-plaintiffs in the suit challenging the naira redesign policy of the Federal government. Residents of Benin, the capital of Edo state, have taken to the streets to protest the lingering scarcity of naira notes in the country.

Ibadan residents protested over the scarcity of fuel and new naira notes.

Good journalism costs a lot of money. Armed police officers and soldiers were deployed to the scenes to restore normalcy to the areas. There were bonfires on some major roads in Ibadan, the capital of Oyo State, on Wednesday as residents protested over the scarcity of fuel and new naira notes.

Angry protests have broken out in some Nigerian towns and cities as people struggle to get hold of new banknotes. Frustration has been building for weeks after a shortage of the newly designed naira notes led to a lack of cash.

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Babajide Sanwo-Olu has warned those rejecting the old Naira notes in the state to desist from doing so or face prosecution.

When the matter first came up on February 8, the apex court said the old notes remained legal tender. It is against the law to reject the old notes as doing so is contrary to the position of the Supreme Court,” Sanwo-Olu said. When the matter first came up on February 8, the apex court said the old notes remained legal tende

The Deputy Director, Media, All Progressives Congress, Independent Presidential Campaign Council (APC PCC) Adamu Garba, said the Central Bank of Nigeria, ...

“And this same time, he also meant well for Nigeria,” he said. According to him, it is the implementation process is problematic “and the organ responsible for the implementation is the CBN.” We’re transitioning from a normal cash economy to a Central Bank digital banking system.”

Governor Babajide Sanwo-Olu of Lagos State has cautioned people of the state against rejecting the old Naira notes. Sanwo-Olu threatened to prosecute.

“It is against the law to reject the old notes as doing so is contrary to the position of the Supreme Court,” Sanwo-Olu said. He warned that rejecting the old naira notes was against the ruling of the Supreme Court. Governor Babajide Sanwo-Olu of Lagos State has cautioned people of the state against rejecting the old Naira notes.

At least three people have died in Benin, the Edo State capital after a protest at the entrance of the state branch of the Central Bank of Nigeria turned ...

Vigilantes also joined the security personnel to patrol the streets. A middle-aged man died in that area. Two people were feared to have died in the ensuing melee, The Punch reports.

If you do not have the new naira notes, avoid public transport because everyone is angry.”

We no go gree-oo, we no go gree!” they kept chanting in front of the bank. However, Nigerians have had a hard time getting the new notes amid scarcity and rising tension across the country. Good journalism costs a lot of money. Such actions will only exacerbate the problem and could have far-reaching consequences for our nation. that normalcy had been restored in the area. The police spokesperson told PREMIUM TIMES around 6:14 p.m.

Following the crisis emanating from the scarcity of Naira notes and the Premium Motor Spirit, PMS, former Senate President, Bukola Saraki has appealed to.

Our people have endured a lot of hardship from this government.” And this should be done peacefully,” he added. “However, while calling on the Kwara State Government to immediately introduce measures that will alleviate the suffering of the people, I want to urge our people that instead of embarking on any violent protest, they should express their grievances during the coming elections by voting against all the candidates of the party that has brought the needless crisis.

Omeiza Ajayi, Abuja. Presidential Candidate of the ruling All Progressives Congress APC, Asiwaju Bola Tinubu has lamented the ugly scenes of violence that ...

“We must keep the peace and remain calm. “I sympathise with all Nigerians who are going through the pains of not being able to get money from banks and ATM points to meet their basic daily needs. Rather, it will only complicate the crisis we have on our hands.