Buhari and Emefiele meet behind ‘closed doors’ again on naira scarcity

Buhari and Emefiele meet again

President Muhammadu Buhari on Monday met behind ‘closed doors’ with the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele over scarcity of the new naira notes.

This is the sixth time the president and Emefiele has had encounter over the CBN’s Naira redesign policy that is crippling the nation’s economy.

Read:  A good quarter for manufacturing sector

Today’s meeting took place at the State House, Abuja shortly after the president arrived from launch of Critical Operational Assets procured by the Nigeria Police Force at the Force Headquarters.

Emefiele reportedly arrived the State House around 1.00pm to meet with the president and left without speaking with newsmen.

Read:  Chevron: No plan to halt operations in Nigeria

Buhari had told Nigerians to give him seven days to halt the scarcity of the naira and it is 10 days now, but he has not been able to do anything.

Nigerians are angry over the scarcity of the naira. Most banks are shut and ere not dispensing the new notes in their ATMs or inside the banks.

Read:  Shareholders approve Access Bank’s transition to Holdco

Long queues are experienced in the few ATMs or banks that are giving out cash to the public.


Related posts

NGO celebrates seven years of service to scholarship scheme project


Naira drops to N680/$ at parallel market despite EFCC’s clampdown


Nestle shareholders approve N28.14bn dividend payment


Lagos 7th fastest growing city in the world


FG borrowing surges as T-bills rates peaks at 7.2%


NAICOM boss emerges OAISA president


Leave a Comment