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Naira Scarcity-Sparks Protests As NLC Calls On Government, CBN For Urgent Action (Details)

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3 years ago

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CBN’s recent fund disbursement has failed to reach banks, leading Southwest banks to source cash from branches in the northern region….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

 

Nigerians are losing patience and cannot endure the current hardships, warns Labour to the Tinubu government and CBN.

The Nigeria Labour Congress expressed concerns on Tuesday about the persistent cash shortage in the country. In a statement by its National President, Joe Ajaero, just five days before Christmas, the congress emphasized that urgent measures are needed to address the situation.

Despite assurances from the Central Bank of Nigeria, bank customers are struggling to access cash for their daily needs. Many banks are limiting over-the-counter cash transactions, and numerous ATMs are not dispensing cash.

The NLC cautioned the Federal Government and the Central Bank of Nigeria that a large-scale public protest was imminent if steps were not taken to resolve the naira shortage.

Ajaero stated, “Fresh in the minds of every Nigerian is the excruciating conditions that we were subjected to as a result of the last cash crunch earlier this year. This time, there is no discernible reason by the Central Bank of Nigeria, neither any explanation from the government on why Nigerians should be subjected to this level of suffering once again in 2023.”

The NLC leader emphasized that the current situation undermines public confidence in banks and may discourage active participation in banking. He criticized the government’s anti-corruption agenda, suggesting that blaming cash hoarding on those with ill-gotten wealth indicates a failure in the fight against corruption.

The NLC called for immediate government action to alleviate the cash crunch, urging collaboration with financial institutions to improve banking services and provide transparent communication on steps being taken.

A current investigation by Nivo News revealed that banks in Lagos and other South-West states had not received any cash disbursement from the CBN. Many banks were forced to source cash from branches in Abuja and Kano to meet customer needs. Some officials blamed the scarcity on hoarding by individuals, while others considered it an artificial scarcity.

Former President of the Association of National Accountants of Nigeria, Dr. Sam Nzekwe, expressed concern about the scarcity, calling for the CBN to address the issue promptly before worsening the country’s existing challenges.

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DEMOCRACY TRIUMPHS! Ooni’s Aide Hail President Tinubu As A True Democrat In Stunning Osun Verdict!.

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August 18, 2026

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Uzoma Ani, Special Assistant to the Ooni of Ife on South-East and Diaspora Matters, has commended the electorate in Osun State for their high turnout and active participation in the recent governorship election.....KINDLY READ THE FULL STORY HERE▶

In a public statement, Ani lauded President Bola Tinubu for facilitating a free, fair, and credible electoral process, citing the adjustment of security deployments as evidence of the administration’s dedication to democratic integrity. He urged the President to maintain this standard in upcoming national polls and congratulated Governor Ademola Adeleke on his re-election, framing the outcome as a testament to the sovereign will of the voters.

“As a frontline fighter for the restoration of democracy in Nigeria, President Tinubu has once again demonstrated his belief in the power of the ballot and the sovereignty of the people to choose their leaders without interference.”

Ani also congratulated Governor Ademola Adeleke on his re-election, describing the outcome as a reflection of the electorate’s decision.

He commended the people of Osun for participating actively in the election and exercising their democratic rights.

“To the good and resilient people of Osun State, we salute you for standing solidly with your Governor and for defending democracy with your votes

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POLITICAL EARTHQUAKE! Ex-Lawmaker Ditches APC In Shock Defection To SDP!

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9 hours ago

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August 18, 2026

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Samuel Tsebe, a former Nasarawa State House of Assembly member for Akwanga South and current Nasarawa State Independent Electoral Commission (NASIEC) official, has resigned from the All Progressives Congress (APC) to join the Social Democratic Party (SDP) in pursuit of his political aspirations. In his resignation letter to his ward chairman, Tsebe expressed gratitude to the APC for past opportunities while pledging his support to his new party.....KINDLY READ THE FULL STORY HERE▶

Meanwhile, African Democratic Congress (ADC) chieftain Dele Momodu asserted on Channels Television that the APC is anxious regarding recent electoral outcomes in Osun State, claiming the results signal voter sentiment ahead of upcoming national polls.

Meanwhile, a chieftain of the African Democratic Congress (ADC), Dele Momodu, has claimed that the All Progressives Congress (APC) is jittery over the outcome of the Osun State governorship election.

News reports that Momodu, speaking on Channels Television’s Politics Today on Monday, said the APC is afraid that the Osun gubernatorial election has sent the wrong signal to Nigerians ahead of the 2027 election.

The veteran journalist also asserted that President Bola Tinubu lost in the Osun election, stressing that APC’s governorship candidate, Bola Oyebamiji and Gboyega Oyetola were name-droppers using the President’s name in the state.

Momodu also commended Nigerian Afrobeat singer, Davido, for giving real-time updates on the election, adding that the APC would have done their manipulation at midnight.

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RESCUE MISSION! FG Steps In To Evacuate 83 Stranded Nigerians From South Africa!.

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August 18, 2026

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The Federal Government announced plans to evacuate 83 Nigerians from South Africa following a rise in xenophobic tensions. Ministry of Foreign Affairs spokesperson Kimiebi Ebienfa stated that the returnees are scheduled to arrive at Lagos’s Murtala Muhammed International Airport on Wednesday, August 19, 2026, after departing from Johannesburg’s Oliver Tambo International Airport.....KINDLY READ THE FULL STORY HERE▶

This evacuation effort was made possible through the sponsorship and generosity of private individuals who funded the flight tickets, drawing praise from the Federal Government. This latest operation follows a prior voluntary repatriation program that brought back nearly 1,490 Nigerians. Reaffirming its Citizen Diplomacy policy, the administration of President Bola Tinubu emphasized its ongoing commitment to protecting the welfare, rights, and dignity of Nigerians abroad, while calling for broader support from the private sector and state governments to address consular emergencies and work alongside South African authorities to curb anti-immigrant violence.

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