Economy
Naira redesign not introduced to cause hardship, Buhari Apologises to Nigerians
In a rear statesmanship the President Muhammad Buhari, has apologised to Nigerians over the hardship the Naira redesign caused to Nigerians saying that it was not introduced to cause hardship. The President, who spoke in a viral video in Hausa said the Naira redesign policy was not meant to cause hardship to Nigerians but enhance the economy.
He said: “first of all, I want to once again thank you for the confidence you have in me. Meanwhile the Supreme Court has, nullified the ban on use of the old N200, N500 and N1000 banknotes as legal tenders. The apex court, in a unanimous decision by a seven-member panel of Justices, held that the old banknotes should remain valid legal tenders until December 31.
It held that the old Naira notes should be used alongside the redesigned currencies. The justices faulted President Muhammadu Buhari for introducing the policy, without due consultation with the Council of States, the Federal Executive Council, the Civil Society and other relevant stakeholders.
-
Economy2 days agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
News2 days agoCardoso formally receives Central Bank of the Year Award
-
Uncategorized2 days ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Finance15 hours agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Stock Market15 hours agoFG to raise N4trn bond to settle electricity debt
-
Oil and Gas2 days agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas2 days agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News2 days agoMiddle East Conflict sends global growth to lowest rate since COVID-19, WBG to Provide up to $100bn for Affected countries over 15 Months—WBG