The Nigeria Labour (NLC), yesterday, threatened to shut offices of Central Bank of Nigeria (CBN) nationwide from next Wednesday to protest the continuous scarcity of the currency. Since the implementation of the naira redesign policy and subsequent cash shortage, Nigerians have had harrowing experience. NLC President, Joe Ajaero, who spoke in Abuja, yesterday, directed […]
The Federation Account Allocation Committee (FAAC) has shared the sum of N722.677 billion to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued at the end of the FAAC meeting, in Abuja, yesterday. According to the Communique sent to the media by the Director of Press and Public […]
Socialite and businessman, Pascal Okechukwu, popularly known as ‘Cubana Chief Priest’ has offered to sponsor Yusuf Alimi, the boy who stood in front of Peter Obi’s moving convoy in Lagos, through Tertiary Institution. Cubana made this known in a post on his Instagram page, on Monday, where he shared a photo of him and […]
Some commercial sex workers in the Federal Capital Territory have decried low patronage in their business due to the scarcity of naira notes. Some of them who spoke to our source; the News Agency of Nigeria in Abuja on Sunday said the scarcity of the notes was a threat and had crippled their businesses. […]
The governor of Kaduna state, Nasir El-rufai has ordered ministries, departments and agencies to continue to accept payments made in all denominations of the naira. El-rufai disclosed this in a statement by the Special Adviser to the Governor on Media and Communication, Muyiwa Adekeye. He noted that agencies in Kaduna should allow old and […]
The governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said he has met with 15 heads of commercial banks to ease the ongoing cash crunch in the country, following President Muhammadu Buhari’s directive in his national broadcast to the nation. Emefiele spoke to state house correspondents shortly after attending a meeting between Buhari […]
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to recirculate and allow only the old N200 remain legal tender until April 10, 2023, TheHILL can authoritatively report. According to the President, the old N200 note will remain legal tender with the newly re-designed N200, N500 and N1,000 notes until April 10. […]
The rejection of old naira notes by business owners, commercial vehicle operators and fuel stations sparked riots on Wednesday afternoon in Uyo, the Akwa Ibom State capital. The situation, according to TheHILL reporter created panic among residents. Our paper earlier reported that aggrieved and frustrated residents of Uyo, had stormed the Central Bank of […]
Aggrieved and frustrated residents of Uyo, the Akwa Ibom State capital, Wednesday stormed the Central Bank of Nigeria (CBN) office, Udo Udoma Avenue, to register their displeasure over the rejection of old Naira notes and unavailability of new Naira. TheHILL reporter gathered that, many of them claimed to have so many of the old […]
The federal government has assured Nigerian workers that it would set in motion the process that would lead to the approval a new minimum wage to be implemented on or before May 2024. The Vice President, Prof. Yemi Osinbajo, who was the special guest of honour at the 13th quadrennial delegates conference of the […]