• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 29, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Association urges CBN to deploy more new note

Naira

The Matters Press by The Matters Press
February 17, 2023
Reading Time: 2 mins read
0
Experts validate Nigeria’s implementation strategies for success under AfCFTA

The Kwara Coalition of Business and Professional Association (KWACOBPA) has called on the Central Bank of Nigeria (CBN) to redouble its efforts in ensuring widespread circulation of the redesigned Naira notes.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

The Chairman of KWACOBPA, Alhaji Olalekan Ayodimeji, made the appeal on Thursday at a news conference held at Pharmacy House in Ilorin.

He said KWACOBPA shared the pains of Nigerians whose means of livelihoods have been disrupted by their inability to access the redesigned Naira notes as a result of CBN new currency policy.

Ayodimeji said the reasons adduced by the CBN for the Naira redesign are understandable, but implementing same alongside the cashless policy is worrisome.

“Businesses today in Nigeria are endangered. Micro and small enterprises are struggling to get the local currency for their business operations.

“We call on CBN to pump out the redesigned Naira notes to ameliorate this unpleasant situation in the country.

“It is getting tougher every day for the poor masses. Kindly help circulate the new Naira notes to rescue the situation.

“We appeal to the Federal Government to allow the old and new notes to run side by side until when the old is completely withdrawn,” he advised.

The association also called on the federal government to ensure immediate removal of fuel subsidy as it was long overdue.

The chairman added that subsidy has been abused by corrupt minded individuals and no longer serving the purpose for which it was intended.

“The complete deregulation of the downstream sector of the petroleum industry should be total by the removal of the subsidy on fuel. The nation will adjust to whatever price regime the removal will throw up.

“We believe the humongous amount being used to fund the subsidy could be channelled to provide infrastructure needs,” he said.

The association therefore appealed to Nigerians and business communities to remain calm and be resilient in the face of the currency swap and forex crises.

Tags: Naira
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Chevron, NNPC secure $1.4bn for drilling project

NNPC begins drilling oil in Nasarawa State

Commission plans to liberate 38% illiterate Nigerians

Population Commission presents EAD report

Recommended Stories

Economists Challenge IMF on call for further VAT increase in Nigeria

IMF pledges $240m to spur Uganda’s public sector reforms

December 23, 2022
Private sector in Mining sector will accelerate development

Nigeria commits to repositioning mining cadastre

May 5, 2023
Trading in Nigerian stock market dips further N83bn

Nigeria’s Equity market makes N217bn gain

November 9, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us