Tag: Cash Crunch

3 posts.

Nlc Protests: Cbn To Flood Banks With Old Naira Notes

According to a reliable report from The PUNCH, the Central Bank of Nigeria has concluded plans to release all N1,000, N500, and N200 notes in its possession to Deposit Money Banks. This decision is expected to alleviate the months-long hardship and distress Nigerians have been experiencing due to the CBN’s controversial naira redesign policy, which…

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Dss Arrests Ogun Assembly Member-elect, Dre, Over Sagamu Mayhem

Operatives of the Department of Security Service (DSS) have arrested Damilare Bello, a member-elect of the Ogun State House of Assembly representing Sagamu constituency 1. Bello, who is a candidate of the Peoples Democratic Party (PDP), is accused of being the mastermind behind the Sagamu mayhem which resulted in the vandalism of several banks during…

Despite Cbn’s Directive, Cash Crunch Persists In Ogun

Residents in Ogun State continue to reject old N500 and N1,000 notes despite the directive from the Central Bank of Nigeria (CBN) to accept them as legal tender. This is causing difficulties for motorists and business operators who need to transact with the old banknotes. The Ogun Today’s investigation reveals that accessing both new and…