New Naira shortage
15 Feb
Angry bank customers burned tyres and blocked streets in a southwest Nigerian city on Wednesday in protests over the scarcity of naira cash, police and residents said.
5 Feb
Amid the growing hardship that the Central Bank of Nigeria (CBN) naira redesign policy has inflicted on Nigerians, monetary and economic experts say the situation could lead to a host of negative unintended consequences, which may hit the deposit money banks hard.
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President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele from office with immediate effect.
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President Bola Ahmed Tinubu has justified the removal of fuel subsidy, stating Nigeria cannot continue acting as Father Christmas to neighbouring countries.
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