Emefiele: We’ve collected N1.9trn old naira notes so far — N500bn more to go
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says N1.9 trillion worth of naira notes have been returned to banks so far — with N500 billion more to go. He was silent on how much cash will be left outside the banking system with the naira redesign. The bank on Sunday extended the deadline for the swap of the...
Group Sues Buhari’s Aide over Alleged Fraud in SDG
*Charges president to restore sanity in agency A group, The Incorporate Trustees of Project Twenty Million Club, has dragged the Senior Special Assistant to President Muhammadu Buhari on Sustainable Development Goals, Mrs. Adejoke Orelope-Adefulire, to court over allegations of fraud and contract scam. The group also urged the president to purge the SDG of corruption and urgently restore sanity and the...
DSS arrests syndicates selling new naira notes
The Department of State Services on Monday said its officers have arrested an undisclosed number of persons involved in the sale of the new naira notes. The DSS, in a statement on Monday by its spokesman, Peter Afunanya, accused some commercial bank officials of aiding the crime. The statement was titled, ‘DSS intercepted syndicates selling new currency notes, bank official implicated’. It...
Petrol now N550 in cities
• Scarcity bites harder, may linger The blame game over the five-month fuel scarcity continued at the weekend with motorists and other users of the product paying between N240 and N550 per litre in major cities across the country. In Lagos, Ondo, Edo, Kwara Abia, Anambra and Benue states, some independent marketers boldly displayed unofficial prices on their pumps. Others left...
CBN Deploys 30,000 Agents Nationwide to Boost Cash Swap as Buhari Approves Deadline Extension
*Gives additional 10 days for return of old N200, N500, N1000 *Emefiele says N1.9tn of old banknotes so far returned *Declares apex bank ready to exchange legitimately earned monies *Lawmakers divided as Elumelu backs extension, Doguwa reiterates threat to arrest Emefiele *Don’t succumb to political pressure, blackmail, former Lagos deputy governor tells president * Analysts laud extension The Central Bank of Nigeria (CBN) has deployed...
Poor Handling of Naira Redesign, a National Embarrassment-Ambassador Majidadi
By Abel Ruth A notable anti-corruption crusader, human rights activist humanitarian, and Publisher, His Excellency, Ambassador Aminu Abubakar Majidadi has condemned in strong terms the untold hardship and suffering brought to Nigerians as a result of the Central Bank of Nigeria’ s Naira re- design and cashless policy. In a strongly-worded press release he issued on Friday, January 27 in...
NUJ, FRCN CHAPEL HONOURS AMBASSADOR MAJIDADI
By Danusa Ocholi Honour they say should be given to who deserves. This applies to the personality of His Excellency, Ambassador Aminu Abubakar Majidadi as one personality when mentioned, what comes to mind is a hero in the fight against corruption, a seasoned humanitarian, enthusiastic philanthropist, advocate of justice, fairness, transparency and accountability and a Publisher .At the Con ference...
What you need to know about deadly Diphtheria infection
Anew disease called diphtheria has surfaced in some parts and gradually spreading across the country, raising concerns among health officials in Nigeria. Diphtheria is a serious and contagious infection caused by the bacteria Corynebacterium diphtheriae. The infection can lead to paralysis, heart failure and difficulty breathing. In some cases, it can be fatal. It typically affects the respiratory system or the integumentary...
BREAKING: Tribunal sacks Osun Gov Adeleke
The Election Petition Tribunal chaired by Justice Tertse Kume has sacked Osun Governor Senator Ademola Adeleke. The majority judgement of two judges against one ordered that Certificate of Return should be withdrawn from Adeleke and issued to Adegboyega Oyetola. The tribunal sacked Adeleke for overvoting in some polling units across the State. Details Shortly… (THENATION)
Sanwo-Olu set to sign ₦1,768 2023 Appropriation Bill into law today
Lagos State Governor, Bababjide Sanwo-Olu is scheduled to sign the ₦1,768,014,155,285 2023 Appropriation Bill into a law today, Friday 27, 2023, for the fiscal year. In a statement by the state Commissioner for Information and Strategy, Gbenga Omotoso, Sanwo-Olu is expected to sign the Appropriation Bill, which had earlier been approved by the state House of Assembly for Governor’s assent. The...
