{"id":75285,"date":"2022-10-29T20:30:50","date_gmt":"2022-10-29T19:30:50","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/new-naira-cbn-didnt-have-to-inform-you-moghalu-to-finance-minister-zainab-ahmed"},"modified":"2022-10-29T21:50:27","modified_gmt":"2022-10-29T20:50:27","slug":"new-naira-cbn-didnt-have-to-inform-you-moghalu-to-finance-minister-zainab-ahmed","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/new-naira-cbn-didnt-have-to-inform-you-moghalu-to-finance-minister-zainab-ahmed","title":{"rendered":"New Naira: CBN didn\u2019t have to inform you \u2013 Moghalu to Finance Minister, Zainab Ahmed"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>A former presidential aspirant of the African Democratic Congress, Kingsley Moghalu, has criticized the statement by the Minister of Finance, Budget and National Planning, Zainab Ahmed, that she wasn\u2019t aware of the Naira redesign by the Central Bank of Nigeria.<\/p>\n

Recall that the finance minister had distanced herself from the planned Naira redesign, which was announced by the CBN governor, Mr Godwin Emefiele, a few days back.<\/p>\n

She had disowned the policy, saying that it didn\u2019t receive the blessing of her ministry, and warned of the dire consequences.<\/p>\n

However, in a series of tweets on Saturday morning, Moghalu said that she shouldn\u2019t<\/p>\n

mislead anyone into thinking the CBN owes her that kind of information.<\/p>\n

Part of his tweets read: \u201cFinance Minister Zainab Ahmed\u2019s comment to @nassnigeria that she was not aware of the Naira redesign by @cenbank should not mislead anyone into thinking the CBN owes her that kind of information. The Bank only needs the approval of President @MBuhari for this particular exercise.<\/p>\n

\u201cIt received that approval. There are only three issues on which, in the CBN Act of 2007, the Bank should obtain external authorization, and only from the President of Nigeria, for its operations: 1. Any alterations to the legal tender (the Naira); 2. any investment of the Bank\u2019s funds outside Nigeria; 3. the Bank\u2019s annual report.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. A former presidential aspirant of the African Democratic Congress, Kingsley Moghalu, has criticized the statement by the Minister of Finance, Budget and National Planning, Zainab Ahmed, that she wasn\u2019t aware of the Naira redesign by the Central Bank of Nigeria. Recall that the finance minister had distanced herself from the planned Naira […]<\/p>\n","protected":false},"author":84,"featured_media":75284,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,503,2948,9051,254,1017],"class_list":["post-75285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-cbn","tag-moghalu","tag-new-naira","tag-nigeria","tag-zainab-ahmed"],"yoast_head":"\nNew Naira: CBN didn\u2019t have to inform you \u2013 Moghalu to Finance Minister, Zainab Ahmed - Nigeria<\/title>\n<meta name=\"description\" content=\"A former presidential aspirant of the African Democratic Congress, Kingsley Moghalu, has criticized the statement by the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/new-naira-cbn-didnt-have-to-inform-you-moghalu-to-finance-minister-zainab-ahmed\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Naira: CBN didn\u2019t have to inform you \u2013 Moghalu to Finance Minister, Zainab Ahmed\" \/>\n<meta property=\"og:description\" content=\"A former presidential aspirant of the African Democratic Congress, Kingsley Moghalu, has criticized the statement by the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/new-naira-cbn-didnt-have-to-inform-you-moghalu-to-finance-minister-zainab-ahmed\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-29T19:30:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-29T20:50:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_6-635d91f19eebe.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/new-naira-cbn-didnt-have-to-inform-you-moghalu-to-finance-minister-zainab-ahmed#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/new-naira-cbn-didnt-have-to-inform-you-moghalu-to-finance-minister-zainab-ahmed\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"New Naira: CBN didn\u2019t have to inform you \u2013 Moghalu to Finance Minister, Zainab Ahmed\",\"datePublished\":\"2022-10-29T19:30:50+00:00\",\"dateModified\":\"2022-10-29T20:50:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/new-naira-cbn-didnt-have-to-inform-you-moghalu-to-finance-minister-zainab-ahmed\"},\"wordCount\":249,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/new-naira-cbn-didnt-have-to-inform-you-moghalu-to-finance-minister-zainab-ahmed#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_6-635d91f19eebe.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CBN\",\"Moghalu\",\"New Naira\",\"Nigeria\",\"Zainab Ahmed\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/new-naira-cbn-didnt-have-to-inform-you-moghalu-to-finance-minister-zainab-ahmed#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/new-naira-cbn-didnt-have-to-inform-you-moghalu-to-finance-minister-zainab-ahmed\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/new-naira-cbn-didnt-have-to-inform-you-moghalu-to-finance-minister-zainab-ahmed\",\"name\":\"New Naira: CBN didn\u2019t have to inform you \u2013 Moghalu to Finance Minister, Zainab Ahmed - 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