The Central Bank of Nigeria has admitted that the ongoing scarcity associated with the naira redesign and cash withdrawal policy was not anticipated and that the agency failed Nigerians.It will be noted that there have been numerous protests and attacks on banks by angry Nigerians due to the inability to access cash for their regular transactions.A Deputy Governor of the bank, Folashodun Shonubi, made the admission at the 22nd fellowship conferment lecture and cerem...

President Muhammadu Buhari has said his administration will not go back on the plan of the Central Bank of Nigeria (CBN) to redesign the nation’s highest currency notes of N1,000, N500, and N200.Buhari said this on Wednesday evening in London, UK, shortly after meeting with King Charles III at Buckingham palace.Check the New Policy Below:

In an unbelievable development, the Minister of Finance, Budget, and National Planning, Zainab Ahmad, has distanced her ministry from the planned move by the Central Bank of Nigeria ( CBN) to redesign the naira.It will be recalled that the CBN governor, Godwin Emefiele said two days that the naira note will be redesigned starting from next month. The minister commented on the policy in response to a question raised by Senator Opeyemi Bamidele (APC Ekiti Central) dur...