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…]
Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, yesterday, told the Diplomatic Corps that an extension of the February 10 deadline for the circulation of the redesigned N200, N500 and N1, 000 notes was unnecessary. He spoke at the meeting on the redesigned Naira policy held at the headquarters of the Ministry … [Read more…]
The State Security Services (SSS) has said that the invitation of Femi Fani-Kayode, a spokesperson of the APC Presidential Campaign Council on Monday, was in respect of an investigation. The Public Relations Officer of SSS, Peter Afunanya, said this in a statement on Tuesday in Abuja. Mr Afunanya said the investigation was in respect of … [Read more…]
With barely eleven days to the general elections, the Independent National Electoral Commission (INEC), has disclosed that Central Bank of Nigeria’s (CBN) cashless policy may hinder the Commission’s ability to conduct the election. INEC FCT Resident Electoral Commissioner, Yahaya Bello, made this known at the North-Central Stakeholders Roundtable on the 2023 General Elections which was … [Read more…]
Frank Nweke Jr, the governorship candidate of the All Progressives Grand Alliance (APGA) in Enugu State, on Monday, February 13, 2023, entered a social contract with the people of Ngwo as he honoured their invitation to a grand reception. The social contract, which documented the needs of the people, was presented at an event hosted … [Read more…]
Rescue teams in southern Turkey say they are still hearing voices from under the rubble more than a week after a devastating 7.8 magnitude earthquake, offering a glimmer of hope of finding more survivors. Live images broadcast on CNN affiliate CNN Turk showed rescuers working in two areas of the Kahramanmaras region, where they were … [Read more…]
Deposit Money Banks (DMBs) across the country yesterday started rejecting the old naira notes despite the Supreme Court order extending the deadline till tomorrow, February 15 when an action would most likely be taken. Daily Trust findings across several states of the country and the Federal Capital Territory (FCT) indicates that the commercial banks were … [Read more…]