LAGOS FEBRUARY 14TH (NEWSRANGERS)-A presidential candidate for the February 25 presidential election has been slammed for allegedly mopping up the scarce new naira notes and sharing to his supporters with a plan to induce voters during elections. Calling on voters to resist vote buying, top official of the Nigerian Security Printing And Minting (NSPM) told…
LAGOS FEBRUARY 10TH (NEWSRANGERS)-Nigerians, especially bank customers, were gripped with confusion and uncertainty over whether today’s deadline by the Central Bank of Nigeria for the phasing out of the old naira notes still remains or it has been suspended following the Supreme Court injunction obtained by some northern governors. The Supreme Court had on Wednesday…
LAGOS FEBRUARY 6TH (NEWSRANGERS)-Three state governors — from Kaduna, Kogi and Zamfara in the north of the country — all belonging to the ruling party sued the federal government, seeking the suspension of the central bank’s plan that has caused a cash crisis and disrupted transactions in Africa’s largest economy. The governors appealed to the…
By Muiz Banire LAGOS JANUARY 27TH (NEWSRANGERS)-I have always contended that Nigeria as a country is a unique one in all ramifications. Is it the natural endowments of the country you want to consider? The strategic location of the country? The climate change challenges of being afflicted by all the three major consequences of desertification,…
LAGOS JANUARY 27TH (NEWSRANGERS)-The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emiefele is alleged to be planning to release about N30 billion new redesigned currency notes to the presidential candidate of a popular political party in the next 3 days. Sources alleged that the release would be routed through the Managing Director…
LAGOS NOVEMBER 24TH (NEWSRANGERS)-Lagos Human Right Lawyer, Chief Malcolm Omirhobo has stated that the Arabic inscription on the redesigned 200, 500 and 1000 Naira notes is not only a clear violation of the provisions of sections 10, 42(1)(2) and 55 of the Nigerian 1999 constitution but inimical to the unity of Nigeria. He complained that…
LAGOS NOVEMBER 5TH (NEWSRANGERS)-Central Bank of Nigeria (CBN) has directed that individuals can only deposit N5million for new accounts and N50million for old accounts in one month. CBN Director of Currency, Ahmed B. Umar,who issued the directive said that individuals will not be allowed to deposit more than N5 million if the transaction involves a…
LAGOS NOVEMBER 4TH (NEWSRANGERS)-Following the decision of the Central Bank of Nigeria, CBN to redesign some Naira notes, the Economic and Financial Crimes Commission (EFCC), has said it is monitoring at least three serving State governors who hoarded billions of Naira in their houses. The EFCC Chairman, Abdulrasheed Bawa, who made the revelation in an…