Naira Redesign: CBN To Arrest, Prosecute Those Spreading Fake News silverbirdtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from silverbirdtv.com Daily Mail and Mail on Sunday newspapers.
CBN Naira abuse Act: 17 years after, Apex bank goes after defaulters withinnigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from withinnigeria.com Daily Mail and Mail on Sunday newspapers.
Nigeria’s central bank announced a raft of new policies in recent weeks aimed at strengthening the country’s currency. Several posts on social media shared a statement suggesting that the bank’s new chief, Olayemi Cardoso, had also banned the use of US dollars for domestic transactions. But the claim is misleading; AFP Fact Check found that the statement predates Cardoso by nearly a decade. Moreover, since a 2007 law, the naira has been the only legal tender for transactions in the country.
Despite recent assurances by the Central Bank of Nigeria that there was enough naira in circulation, reports of scarcity emerged across the country in November 2023 have persisted.
President Bola Tinubu, on Friday, 9 June 2023, kicked Mr Godwin Emefiele out of office. Here is a cover story we did on him when he subjected Nigerians into hardship with his new Naira policy