Chimosky
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Chimosky
President Buhari Speaks On New Naira Crisis
~0.5 mins read
President Muhammadu Buhari on Sunday appealed for more patience from Nigerians over the crisis faced by Nigerians over the Central Bank of Nigeria (CBN) naira policy.
President Buhari on Sunday said he is aware of the hardship faced by Nigerians, adding that the policy is meant to improve Nigeria’s economy.
The President stated this in a video recording from Ethiopia where he attended the just-concluded African Union summit.
He said, “I am appealing to you to exercise further patience as we take appropriate measures to ease these hardships. God willing, there will be light at the end of the tunnel.”
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Chimosky
Naira Scarcity: Update On Naira Notes For Feb. 20, 2023 From CBN
~0.7 mins read
The details of the meeting between the National Chairman of the All Progressives Congress (APC), Abdullahi Adamu and governors elected on the platform of the ruling party has emerged.
Adamu on Sunday joined the governors to call on President Muhammadu Buhari to obey the Supreme Court order on Naira redesign policy.
The Supreme Court had temporarily restrained the Central Bank of Nigeria (CBN) and the Federal Government from banning the use of the old naira notes from February 10.
The apex court gave this ruling on an ex parte application filed by the governments of Kaduna, Kogi, and Zamfara.
President Buhari, however, in a nationwide broadcast directed the CBN to make available the old N200 notes for the next 60 days, which elapses on April 10.
APC Governors in their reaction to Buhari’s directives ordered that the old notes remains a legal tender in their states.
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