…the banks refused to accept the old N1,000, N500 and N200 notes from depositors and point-of-service agents Many commercial banks and filling stations have stopped collecting the old naira notes from customers. The development is contrary to the ruling of the Supreme Court restraining the Federal Government from enforcing the February 10 time limit earlier
Read more
…saying banks were no longer accepting the old naira notes as legal tender There was confusion at the high courts in Lagos State on Monday as lawyers and litigants were unable to file their court processes using the old naira notes for payment. Officials at the high court registries rejected the old notes, saying banks
Read more
…sources claim that what the CBN is doing is to pay only 10 per cent of the worth of old notes deposited with it by banks The Central Bank of Nigeria(CBN) may bow to mounting pressure and contract the printing of the redesigned N1,000, N500 and N200 notes to foreign contractors in the coming days
Read more
President Muhammadu Buhari will convene an emergency Council of State meeting on Friday to discuss the crisis bedevilling the nation, including naira, petrol scarcity, and insecurity ahead of the February 25 presidential election. The Central Bank of Nigeria, CBN, and Independence National Electoral Commission would be attending the meeting at 10 am on Friday. Also, the Inspector General
Read more
The Nigerians in Diaspora Commission has condemned the killing of 16 Nigerians travelling in Burkina Faso as unjustifiable, callous and criminal. The Chairman/Chief Executive Officer of NiDCOM, Mrs Abike Dabiri-Erewa, condemned the killing in a statement signed by the Head of Media, Public Relations and Protocols Unit, NiDCOM, Mr Abdur-Rahman Balogun in Abuja. The NiDCOM
Read more
…CBN governor announced February 10 as the new deadline The House of Representatives has rejected the new deadline announced by the Central Bank of Nigeria, CBN, for the phasing out of old currency notes. The CBN governor, Godwin Emefiele had in a press statement on Sunday said the new deadline is February 10, 2023. The
Read more
…as banks continue to pay customers with the old naira notes There is palpable confusion in Sokoto State as many residents in the state have refused to collect old naira notes from customers. The Daily Vendor gathered that most business operators in the state had started rejecting the old naira notes. It was also gathered that
Read more
…Buhari made the promise while paying homage to the Emir of Bauchi on Monday President Muhammadu Buhari has promised to serve Nigerians to the best of his ability less than six months to his Aso Rock Villa exit. Buhari made the promise while paying homage to the Emir of Bauchi, Rilwanu Adamu, on Monday. The
Read more
Reactions have continued to trail the new withdrawal policy of the Central Bank of Nigeria, CBN, and the redesign of the Naira notes. Governors of the 36 states have on Tuesday, summoned the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, over the withdrawal policy and the redesigned naira notes. The governors, under the auspices
Read more
…the Grand Finale of the 2023 Armed Forces Remembrance which held at the Ekwueme Square, Awka The Commissioner of Police in Anambra State, Echeng Echeng on Sunday joined other service commanders in the state, to honor security forces/personnel who paid the supreme price in service to the nation. Echeng, in a statement by spokesperson, state
Read more
A public policy analyst, Mr Polycarp Onwubiko has faulted the claim of the Minister of finance, Mrs Zainab Ahmed that Nigeria economy has been diversified. He said diversification of the Nigeria economy is inextricably interwoven with the Restructuring the Federation. Onwubiko was reacting to the Minister’s statement in the media that, “In aggregate, 22 percent
Read more
…says the new vehicle insurance rate will commence by January 1, 2023 The Federal Government has announced an increment in the amount payable on the compulsory vehicle third-party insurance by vehicle owners in Nigeria to N15,000 from the current N5,000, representing a 200 per cent increase. Also, the government stated that the new vehicle insurance rate
Read more
…says there is no law authorizing elected or appointed officials to go with official vehicles The immediate past governor of Osun State, Gboyega Oyetola, his wife, Kafayat Oyetola and other former political appointees have been directed to immediately return official vehicles which are in their possession. The directive was given by the Asset Recovery Panel
Read more
…says if the government is living up to expectations which is to protect lives and property there’ll be no IDPs Human Rights Writers Association of Nigeria, (HURIWA), has said that the reason the camps of Internally Displaced People(IDPs), are scattered all over the country is simply because there is no government in place. Addressing newsmen
Read more
…the plaintiffs sought a restraining order against the inauguration of the newly-named NDDC board Nigerian President, Muhammadu Buhari has been dragged to the Federal High Court, Uyo Akwa Ibom State by a coalition of groups under the umbrella of Concerned Civil Society Stakeholders (CCS) in Niger Delta over the constitution of the newly named Niger
Read more