BREAKING NEWS: Council of State backs naira redesign; advises CBN to print more new notes or allow co-circulation of new and old notes

…We are fully prepared for elections, INEC, IGP tell members The Council of State meeting, presided over by President Muhammadu Buhari on Friday, gave their support to the naira redesign policy but with a caveat that the Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, should make new Naira notes available or recirculate the … [Read more…]

FG Will Obey S’Court Ruling against Banning Old Naira Notes -AGF Malami 

…moves to vacate order …gives reasons why suit should be set aside Attorney General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami, yesterday said while the federal government would obey the Supreme Court ruling, which put on hold the Central Bank of Nigeria (CBN) demonetisation policy, the government would take necessary steps … [Read more…]

Naira redesign, scarcity affecting military operations —NSA

National Security Adviser, NSA, Maj. Gen. Babagana Mongonu, retd, has appealed to the House of Representatives to evolve practicable solutions to the attendant economic crisis arising from the scarcity of the redesigned naira notes, saying soldiers on the frontline in the fight against insurgency, banditry and other violent crimes were facing financial difficulties. Monguno, who … [Read more…]

VCs, ASUU disagree as FG orders varsities to shut down ahead of 2023 polls 

The Academic Staff Union of Universities has condemned the directive of the National Universities Commissions to the Committee of Vice-Chancellors of Nigerian Universities that universities should be shut to enable students to participate in the forthcoming general elections. The NUC gave the directive in a letter on Tuesday addressed to vice-chancellors of all universities and … [Read more…]

Buhari sets up transition committee ahead of May 29 handover 

President Muhammadu Buhari has approved the establishment of a Presidential Transition Council to facilitate and manage the handing over of power by his government. Secretary to the Government of the Federation (SGF), Boss Mustapha, announced this in Abuja on Thursday. Members of the Committee are: Secretary to the Government of the Federation – Chairman Head … [Read more…]

JUST IN: Enugu PDP describes claims of Mbah slumping over apparent NYSC certificate hatchet job as “height of hallucination” by opposition

The Campaign Council of the Enugu State chapter of the Peoples Democratic Party (PDP) has scorned at the report that its governorship candidate, Dr. Peter Mbah, slumped at the headquarters National Youth Service Corps (NYSC), Abuja, over the malicious claim that his NYSC discharge certificate was allegedly forged, describing it as “the height of hallucination … [Read more…]

2023 Polls: NUC directs closure of varsities Feb 22

The National Universities Commission (NUC) has ordered the closure of universities across the country to enable students to participate in the February 25 and March 11 general elections. In a letter addressed to vice-chancellors of all universities and directors of inter-university centres, the NUC noted that the directive is based on the directive of the … [Read more…]

New Naira Scarcity: APC Govs pitched against Fed Govt over old naira validity

The controversy over the February 10 deadline for the validity of three old naira notes assumed another dimension on Wednesday as the Supreme Court of Nigeria restrained the Federal Government from implementing the February 10 deadline for the old 200, 500 and 1000 naira notes. On the same day, Attorney-General of the Federation (AGF), Abubakar … [Read more…]

Death toll in Turkey and Syria from earthquake surpasses 17,000

The death toll from the devastating earthquake that struck Turkey and Syria on Monday is now at least 17,176, according to authorities. In Turkey, the death toll has risen to at least 14,014, Turkish President Recep Tayyip Erdogan said Thursday while visiting impacted areas in the southern city of Gaziantep. The total number of deaths in Syria stands as at least 3,162, … [Read more…]

Russia-Ukraine: UK releases fresh sanctions on Russian businesses

Several manufacturers, companies, and top figures have been targeted by Britain in the latest round of sanctions to hit Russia since the invasion of Ukraine. The sanctions come as Ukrainian President Volodymyr Zelensky visits Britain, meeting Prime Minister Rishi Sunak and addressing parliament. Foreign Secretary James Cleverly said that the new sanctions would “accelerate the … [Read more…]