The Central Bank of Nigeria, CBN, has said it did not direct banks to collect the old N500 and N1,000, as earlier reported. Director, Corporate Communication, Mr. Osita Nwanisobi, stated this in response to media reports that the apex bank had directed commercial banks to collect the old N500 and N1,000. He said: “The attention … [Read more…]
The Central Bank of Nigeria (CBN) has asked banks to start collecting old N500 and N1000 notes from customers. Osita Nwanisobi, spokesman of the apex bank, disclosed this on Friday, stating that any amount above N500,000 could not be deposited. The development comes amid the nationwide outrage over the rejection of the notes which President … [Read more…]
The Federal High Court sitting in Enugu has dismissed the suit seeking to disqualify all the candidates of the Peoples Democratic Party in Enugu State. Chika Idoko of the African Democratic Congress, ADC, and the Enugu North Senatorial zone candidate of his party had approached the court to compel INEC to disqualify all PDP candidates … [Read more…]
…El-Rufai alleges plot to install interim government Governor of Kaduna State, Nasir el-Rufai, says old and new naira notes remain legal tender in the state pending the supreme court’s decision on the matter. In a broadcast on Thursday, el-Rufai assured residents of the state of efforts to ease the hardship caused by the scarcity of … [Read more…]
The Speaker of the House of Representatives, Femi Gbajabiamila, has criticised the declarations made by President Muhammadu Buhari on new and old naira notes in a national broadcast on Thursday morning as negating the ruling by the Supreme Court. Gbajabiamila, while commending the President for his intervention, stated that the Supreme Court had ruled that … [Read more…]
Presidential candidate of the All Progressives Congress, APC, Asiwaju Bola Tinubu said none of his competitors in the 2023 presidential elections can match his track record. Tinubu made this assertion in an opinion piece published in The Economist recently. The APC candidate is contesting the February 25 presidential election alongside his counterparts in the People’s … [Read more…]
The Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday, said since President Muhammadu Buhari announced his latest directive on the new Naira policy, he has met with the leadership of about 15 commercial banks. The CBN governor stated this when he visited the presidential villa for a meeting with the President and … [Read more…]
…even before Ugwuanyi received Atiku in Enugu Government House, we knew about it With a few days to the February 25 presidential election, Governor Nyesom Wike of Rivers State has ruled out any last-minute deal or truce between the G5 and the flag bearer of the Peoples Democratic Party (PDP), Atiku Abubakar. The governor also … [Read more…]
A Federal High Court in Abakaliki has disbanded Ebubeagu Security Network in Ebonyi State, South-east Nigeria. The security outfit was created through legislation by the Ebonyi House of Assembly, following the April 2021 resolution of the South-east governors to set up the outfit in the five states of the region to complement the effort of … [Read more…]
President Muhammadu Buhari addresses Nigerians on Thursday, February 16, 2023. NATIONAL BROADCAST BY HIS EXCELLENCY MUHAMMADU BUHARI, PRESIDENT, FEDERAL REPUBLIC OF NIGERIA ON THE CHALLENGES OF THE CURRENCY SWAP AND STATE OF THE NATION, ON 16th FEBRUARY, 2023 My Dear Compatriots, I have found it necessary to address you today, on the state of the … [Read more…]
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to release old N200 notes into circulation to co-exist with the new N200, N500 and N1,000 banknotes for 60 days. The President, who made this known in a nationwide broadcast on Thursday, directed the CBN to allow the new notes available to all citizens. … [Read more…]
The Governorship candidate of the Peoples Democratic Party (PDP) in Enugu State, Dr. Peter Mbah, has instituted a libel suit against the Chairman of the All Progressives Congress (APC) in the state, Chief Ugochukwu Agballah, and the Independent Newspapers Limited, publishers of Daily Independent Newspapers. Court processes by his lawyers say the statement and publication … [Read more…]