Tag: redesigning naira notes

Senate Takes Decision on New Naira Notes

JUST IN ! Senate Takes Decision on New Naira Notes

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The Nigerian Senate has stated its position on the new Naira notes. The upper legislative chamber, on Wednesday resolved to support the move. The resolution of the lawmakers follows a motion on the policy by the Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Sani Uba. While the lawmakers supported the move […]

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‘Redesigning Naira: Good Idea But Wrong Timing’ – Sheikh Gumi Gives Reasons

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Ahmad Gumi has advised the federal government that in as much as redesigning the naira notes is a good idea, it is ill-timed. He described the idea hatched by the Central Bank of Nigeria (CBN), describing it as economic suicide for Nigerians, especially rural dwellers. According to him, 80% of Nigerians especially rural people, depend […]

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