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    Finally, Julius Berger hands over 2nd Niger Bridge to Fed. Govt

    Finally, Julius Berger hands over 2nd Niger Bridge to Fed. Govt

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    NiMet predicts 3-day dust haze, sunshine across Nigeria

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    EFCC boss vows to fight corruption, prioritise staff welfare

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    Bethany Int’l College Gombe marks 2023 Christmas Carol

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    POWA empowers 63 deceased Police officers families

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    Kebbi Govt hails vigilante for neutralising notorious kidnapper

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    Triumphant military wrestlers return home, promise to make Nigeria proud

    Triumphant military wrestlers return home, promise to make Nigeria proud

    MI-35P: NAF Chief Urges Resilience and Safety Measures in Wake of Helicopter Crash

    MI-35P: NAF Chief Urges Resilience and Safety Measures in Wake of Helicopter Crash

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    POWA empowers 63 deceased Police officers families

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    Securing Plateau State: Nigerian Army’s Commitment to Community Resilience

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    Defence Minister: Zulum risks his life for Nigerian military

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      Triumphant military wrestlers return home, promise to make Nigeria proud

      Triumphant military wrestlers return home, promise to make Nigeria proud

      MI-35P: NAF Chief Urges Resilience and Safety Measures in Wake of Helicopter Crash

      MI-35P: NAF Chief Urges Resilience and Safety Measures in Wake of Helicopter Crash

      POWA empowers 63 deceased Police officers families

      POWA empowers 63 deceased Police officers families

      Civil-military: Army donates borehole, educational materials to communities in Keffi

      Civil-military: Army donates borehole, educational materials to communities in Keffi

      NAF MI-35P Helicopter Crashes in Port Harcourt, Crew Survives

      NAF MI-35P Helicopter Crashes in Port Harcourt, Crew Survives

      Human Rights Commission gets 100 petitions in 11 months

      Human Rights Commission gets 100 petitions in 11 months

      Lagbaja Visits 401 Special forces, Reviews Troops’ Combat Preparedness 

      Lagbaja Visits 401 Special forces, Reviews Troops’ Combat Preparedness 

      Securing Plateau State: Nigerian Army's Commitment to Community Resilience

      Securing Plateau State: Nigerian Army’s Commitment to Community Resilience

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      Defence Minister: Zulum risks his life for Nigerian military

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        “I’m not dating her” – BB Naija reality star Pere reveals

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        Naira Marley, Sam Larry steps out in public first time after police detention

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        Late Alaafin of Oyo’s ex-wife, Queen Dami blasts critics over relationship with Portable

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        Finally, Julius Berger hands over 2nd Niger Bridge to Fed. Govt

        Finally, Julius Berger hands over 2nd Niger Bridge to Fed. Govt

        NiMet predicts 3-day dust haze, sunshine across Nigeria

        NiMet predicts 3-day dust haze, sunshine across Nigeria

        EFCC boss vows to fight corruption, prioritise staff welfare

        EFCC boss vows to fight corruption, prioritise staff welfare

        Bethany Int'l College Gombe marks 2023 Christmas Carol

        Bethany Int’l College Gombe marks 2023 Christmas Carol

        POWA empowers 63 deceased Police officers families

        POWA empowers 63 deceased Police officers families

        Kebbi Govt hails vigilante for neutralising notorious kidnapper

        Kebbi Govt hails vigilante for neutralising notorious kidnapper

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        Triumphant military wrestlers return home, promise to make Nigeria proud

        Triumphant military wrestlers return home, promise to make Nigeria proud

        MI-35P: NAF Chief Urges Resilience and Safety Measures in Wake of Helicopter Crash

        MI-35P: NAF Chief Urges Resilience and Safety Measures in Wake of Helicopter Crash

        POWA empowers 63 deceased Police officers families

        POWA empowers 63 deceased Police officers families

        Civil-military: Army donates borehole, educational materials to communities in Keffi

        Civil-military: Army donates borehole, educational materials to communities in Keffi

        NAF MI-35P Helicopter Crashes in Port Harcourt, Crew Survives

        NAF MI-35P Helicopter Crashes in Port Harcourt, Crew Survives

        Human Rights Commission gets 100 petitions in 11 months

        Human Rights Commission gets 100 petitions in 11 months

        Lagbaja Visits 401 Special forces, Reviews Troops’ Combat Preparedness 

        Lagbaja Visits 401 Special forces, Reviews Troops’ Combat Preparedness 

        Securing Plateau State: Nigerian Army's Commitment to Community Resilience

        Securing Plateau State: Nigerian Army’s Commitment to Community Resilience

        Defence Minister: Zulum risks his life for Nigerian military

        Defence Minister: Zulum risks his life for Nigerian military

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          Triumphant military wrestlers return home, promise to make Nigeria proud

          MI-35P: NAF Chief Urges Resilience and Safety Measures in Wake of Helicopter Crash

          MI-35P: NAF Chief Urges Resilience and Safety Measures in Wake of Helicopter Crash

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          POWA empowers 63 deceased Police officers families

          Civil-military: Army donates borehole, educational materials to communities in Keffi

          Civil-military: Army donates borehole, educational materials to communities in Keffi

          NAF MI-35P Helicopter Crashes in Port Harcourt, Crew Survives

          NAF MI-35P Helicopter Crashes in Port Harcourt, Crew Survives

          Human Rights Commission gets 100 petitions in 11 months

          Human Rights Commission gets 100 petitions in 11 months

          Lagbaja Visits 401 Special forces, Reviews Troops’ Combat Preparedness 

          Lagbaja Visits 401 Special forces, Reviews Troops’ Combat Preparedness 

          Securing Plateau State: Nigerian Army's Commitment to Community Resilience

          Securing Plateau State: Nigerian Army’s Commitment to Community Resilience

          Defence Minister: Zulum risks his life for Nigerian military

          Defence Minister: Zulum risks his life for Nigerian military

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            “I’m not dating her” – BB Naija reality star Pere reveals

            Naira Marley, Sam Larry steps out in public first time after police detention

            Naira Marley, Sam Larry steps out in public first time after police detention

            Late Alaafin of Oyo’s ex-wife, Queen Dami blasts critics over relationship with Portable

            Late Alaafin of Oyo’s ex-wife, Queen Dami blasts critics over relationship with Portable

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            Hilda Baci, others nominated for Under-30 CEOs awards

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            Jamie Foxx, Guns N’ Roses’ Axl Rose accused of sexual assault

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          Scarcity of new Naira notes hits FCT, residents cry out

          Halima Abdulkadiri by Halima Abdulkadiri
          April 23, 2023
          in Local, News
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          Scarcity of new Naira notes hits FCT, residents cry out

          Scarcity of new Naira notes hits FCT, residents cry out

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          Scarcity of new Naira notes hits FCT, residents cry out

          Some residents of Abuja and environs have decried the scarcity of the new naira notes.
          The Central Bank of Nigeria (CBN) has restored the old 200, 500 and 1000 naira notes to remain as legal tender until Dec. 31.

          According to newsmen who monitored the availability of the new notes reports that residents are lamenting over the scarcity of the new notes.

          Mr Moses Nnegedu, a resident of Nyanya, said if CBN was serious to accomplish its goal on the circulation of the new naira note before the deadline, it would monitor the commercial banks.

          ‘’The last time I used the new note was two weeks ago and  it is really not available.

          ‘’It seems that the new notes are being hoarded.

          ‘’There should be political will to ensure the circulation of the new notes before the expiration date so we don’t have a repeat of cash crunch,’’ he said.

          Read Also: APC Dissolves Presidential Campaign Council

          Mr Gabriel Daniel, a resident of Garki, said he didn’t think the Dec. 31 deadline would be visible because presently it was only the old notes that were available.

           ‘’ I can’t remember the last time I saw or used the new notes because even the banks are dispensing old notes both at the ATMs and in the banking hall.

          ‘’One of the problems we are having in this country is non-implementation of policies and the absence of accountability from those in authority.

          ‘’At this point, I am just confused, because the moment the announcement was made that both note should be legal tenders, the few new ones disappeared,” he said.

          According to Mr Abbah Moses, a resident of Gwagwalada, those who have a lot of money and are able to get the new notes earlier are hoarding it against the December dead line.

          ” So, even if the banks release the new notes and it is being hoarded by some person, there will not be enough in circulation.

           ‘’In the past one week, I have only seen one new N500 note.

          ’’ The situation might be worst than what we had experienced early this year,’’ he said.

          Mr Manasseh Gimba, a resident in Dutse, said the last time he saw the new note was a month ago.

          ‘’CBN should print more new notes and ensure they are in circulation.

          ‘’The old notes in circulation should be limited if the December dead line will be visible, he said.

          NAN reports that the Supreme Court had earlier extended the validity of the old naira notes till Dec. 31.

          However, Nigerians believe that the new notes, in circulation though, which were hard to get at the time of release, have gradually vanished.

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          Tags: FCTHitsNaira notesScarcity
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