Naira Crisis

The Supreme Court ruling on Friday, March3, 2023 that all redesigned Naira notes and the old ones will remain legal tender and in circulation till December 31, 2023 climaxed the lingering titanic struggle between political power brokers and managers...

March 10, (THEWILL) - The relative peace that Bayelsa state has been reputed to be enjoying has been jolted, as palpable tension in Akenfa community, a suburb of Yenagoa, the Bayelsa State Capital, over the continued rejection of the...

February 22, (THEWILL) - Following the violent protests that rocked Sagamu on Monday, over the scarcity of the new naira notes, the Ogun State governor, Dapo Abiodun, on Tuesday, visited Sagamu for an on-the-spot assessment of buildings and property...

February 22, (THEWILL) - It is unfortunate that a good policy (or perhaps twin policies of naira redesign and demonetisation), has been poorly implemented in terms of the timing of its announcement, the abruptness of the announcement and the...

February 20, (THEWILL) - On Monday, irate youths protesting scarcity of naira notes and petrol attacked banks in the Sagamu area of Ogun State. Speaking on the development, a youth leader in the town, Kayode Segun-Okeowo, described the attack...

Many Nigerians, including business entities, are increasingly embracing the use of electronic payment platforms amid cash-in-hand challenges in the implementation of the currency re-design policy of the Federal Government. As commercial banks run out of cash and Automated Teller Machines...

President Muhammadu Buhari on February 16, 2023 in an early morning broadcast approved the extension of the legal tender status of only the 200 naira notes by 60 days up to April 10, 2023. The immediate take-away from this...

February 17, (THEWILL) - The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested an accountant of Oando Filling Station, Dutse Alhaji, in Abuja, over alleged racketeering of the new Naira notes. This latest arrest followed the continued...

February 17, (THEWILL) - A pro-democracy outfit, Movement for a Better Lagos, has thrown its weight behind Lagos State Governor, Babajide Olusola Sanwo-Olu, over his appeal to people of the State to keep calm in the face of the...

February 16, (THEWILL) - President Muhammadu Buhari on Thursday, said the naira swap and cashless policy of the Central Bank of Nigeria (CBN), have short and long-term benefits for the country in dealing with insecurity and corruption. The President’s remarks...