NewsReports

• Says power shift undemocratic Less than a week to the presidential election, the Arewa Consultative Forum (ACF) has advised electorate not to vote any candidate anointed by a predecessor. In the same vein, the ACF frowned at voting for a governorship candidate handpicked by a state governor as a successor. In a statement, yesterday, Secretary General of the Forum, …

“But there’s a second thing that we seem to be solving for which has now taken ascendancy over the monetary policy. We are using the central bank to solve the problem of criminality in our politics.” A former Vice President of the World Bank, Oby Ezekwesili, has expressed concerns about the naira redesign policy of the Central Bank of Nigeria. During …

• Appeals for patience, markets Tinubu President Muhammadu Buhari has said he is aware of hardships some policies of government were inflicting on citizens, and appealed for patience as government takes appropriate measures to ease them. Garba Shehu, the president’s spokesman in a statement, said the president spoke in a video clip to woo voters for the presidential candidate of …

In a last-ditch effort to resolve the lingering cash crisis that has thrown the entire country into turmoil, governors elected on the platform of the All Progressives Congress on Sunday met with the party leadership at the APC National Secretariat in Abuja. This was as the chief executive officers of banks also met to proffer solutions to the situation which …

A private security consultant , Mr. Matthew Ibadin has called on the Central Bank of Nigeria (CBN) to increase the minting of N100 notes and other lower denominations and pushed them in circulation as against the redesigned higher denominations. The Managing Director of Badison Security Limited, said that what the masses needed now are denominations such as N50, N20, N10, …

“We asked the Attorney General of the Federation and the CBN to respect the Supreme Court injunction which is still existing,” APC national chairman said. The ruling All Progressives Congress (APC) has asked the Attorney General of the Federation, Abubakar Malami, and the Central Bank Governor, Godwin Emefiele, to obey the interim order issued by the Supreme Court on the …

Open branches weekend, expect clearer directive today PoS operators ignore CBN warning on selling banknotes Experts in divergent view on implementation, impact The banking industry was in disarray over  implementation of the directives of the Central Bank of Nigeria, CBN, on collection of the old banknotes in the denominations of N500 and N1,000 during the weekend. The apex bank was …

Nigeria’s anti-graft Agency, the Economic and Financial Crimes Commission on Sunday denied the reports that its operatives raided the home of All Progressives Congress (APC) presidential candidate, Bola Ahmed Tinubu and recovered N400billion. The commission’s Head (Media & Publicity), Wilson Uwujaren said in a statement: “The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to a …

Edo State Governor, Mr. Godwin Obaseki, has said his government will partner with the Rubber Research Institute of Nigeria to boost research on the development of indigenous products. Obaseki said this when he received delegates from the institute led by the Chief Executive Officer (CEO), (RRIN) Dr. Lelia Nkechinyere Dongo, paid a courtesy visit to the governor at the Government …

Nobel laureate, Prof Wole Soyinka, has disowned a statement on social media linking him to the endorsement of the presidential candidate of the All Progressives Congress, Bola Tinubu. The social media post also purportedly indicated that the elder statesman described the Peoples Democratic Party’s presidential candidate, Atiku Abubakar, and ex-President Olusegun Obasanjo, in uncharitable words. The statement read, “Quote me …