The Northern Elders Forum, NEF, has said the naira redesign by the Central Bank of Nigeria, CBN, is strangulating Nigeria's economy. NEF urged the CBN to
The Northern Elders Forum, NEF, has said the naira redesign by the Central Bank of Nigeria, CBN, is strangulating Nigeria’s economy.
A statement by the forum’s Director of Publicity and Advocacy, Hakeem Baba-Ahmed said the currency swap has not worked as planned. “It should be revisited, particularly around its timelines and operations of the CBN and banks. Whatever its benefits, it cannot be of value if it destroys many aspects of the economy, or alienates already hard-pressed citizens further.
“The Forum warns that Nigerians will not accept to live under any arrangement that offends the constitution of the Federal Republic of Nigeria,” he said.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Naira notes: CBN deadline has plunged Nigerians into hardship - Mustapha LamidoThe opposition Peoples Democratic Party, PDP, has expressed worry over what Nigerians are going through due to the scarcity of redesigned Naira notes in
Read more »
New Naira Notes: CBN, NOA remind Nigerians of 31st January deadlineThe News Agency of Nigeria (NAN) reports in Minna on Friday that the sensitisation was being carried out across the 25 local government areas of Niger.
Read more »
Old Naira Notes: Lawmakers Threaten to Arrest CBN Gov, Bank CEOs – THISDAYLIVE
Read more »
CBN licenses 400 Kogi money agencies for naira swapThe Central Bank of Nigeria has licensed 400 money agents to facilitate easy swap of the newly redesigned notes by rural dwellers.
Read more »
New naira: Extend deadline, Ganduje, clerics urge CBN - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
Lawyer sues CBN, seeks extension of deadline for old naira notes | TheCableJoshua Alobo, a professor of law, has asked a federal high court in Abuja to restrain the Central Bank of Nigeria (CBN) from terminating...
Read more »