By Nathan Nwakamma For Mr. Maduabuchi Eziukwu, a civil servant, February 7 was another day to source for cash to…
Browsing: Naira redesign
THESTORIES reports that the National Security Adviser (NSA) Maj.-Gen. Mohammed Mungono (rtd), has lamented that if not well thought out, the ongoing Naira swap by the Central Bank of Nigeria (CBN), may affect operations of troops on the field.
The Nigerian government on Tuesday in Abuja accused some opposition parties of legally hamstringing President Muhammadu Buhari from providing relief for Nigerians suffering agonies of cash crunch resulting from naira redesign.
The Nigerian economy was once described as a “voodoo” economy, “the more you look, the less you understand” as it defies all kinds of known remedies. The mystery of Nigeria as a nation is not limited to its economy but includes socio-political and cultural dispositions. Longtime ago, western pundits postulated, hypothesized, and predicted the disintegration of Nigeria by the year 2015. Time has since revealed their empty prediction; regrettably, however, the nation is still sliding into the abyss of squalor and poverty, exacerbated by the population explosion – a kind of time bomb that must not be allowed to detonate.
I wish I know the real story of the naira redesign narrative. Recall that the CBN had on December 6…
President Muhammadu Buhari has inaugurated the new Naira banknotes, expressing delight that the redesigned currencies were locally produced by the…
The Abuja Chamber of Commerce and Industry (ACCI) has appealed to the Central Bank of Nigeria (CBN) to extend the…
Among the reasons given by the Central Bank of Nigeria governor, Mr. Godwin Emefiele, for the redesigning of the ₦200,…