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…]
Pinnacle Oil and Gas Limited has petitioned the Director-General of the Department of State Services (DSS) alleging a sinister plot by political opponents of its Founder/Chief Executive Officer and the Peoples Democratic Party (PDP) governorship candidate in Enugu State, Dr. Peter Mbah, to cause a breach of the peace and sabotage the national economy by … [Read more…]
Nigeria’s North-east and South-east zones have the highest number of polling units (PUs) where the coming general elections will not hold with 67 and 64 units respectively. Both regions account for 54.59 per cent of the total 240 PUs listed by INEC and analysed by PREMIUM TIMES. INEC Chairperson, Prof. Mahmood Yakubu, had disclosed during … [Read more…]
Another round of protests broke out on Wednesday in several states across the country, including Oyo, Delta, and Edo, over the scarcity of the new N200, N500, N1,000 notes and rejection of the old naira bills. The protests turned violent in Ibadan, Oyo State and Udu, near Warri, the commercial hub of Delta State. Ibadan … [Read more…]
The decision of the Federal Government to phase out the N200, N500 and N1000 old Naira notes as valid legal tenders, has created a wide rift among various states of the federation. Though only three northern states- Kogi, Kaduna and Zamfara- initially instituted an action to challenge the new monetary policy that was introduced by … [Read more…]