NewsReports

• Fuel queues will disappear in 48 hours, MOMAN says• IPMAN blames private depots for shortages, NMDPRA assures of robust supply• U.S. to worsen petrol scarcity with proposed export ban Three months after regulators quietly approved an increment in fuel prices, following claims by marketers that they can no longer sustain operations and sell at the regulated price of N165 per …

…Says Naira has not been redesigned since 20 years …Lists challenges affecting Naira notes The Central Bank Governor, Godwin Emiefele has warned that the apex bank would stop the usage of  old Naira notes from 31st January, 2023. This is coming at a time when the apex bank noted conspicuously, the challenges bedeviling the country’s currency. In a statement obtained by Vanguard, …

• Presidential candidates promise to deliver on affirmative action, promote women’s rights• We will hold you accountable to promises made, Akiyode-Afolabi vows• INEC: 70 per cent of new voters PWDs, vulnerable groups• Not too late to change Shettima, Northern Christian clerics tell Tinubu• PDP mocks APC over delay in presidential campaigns• Tinubu: Obaseki reckless for wishing Nigeria will break up if …

Remarks by Governor Godwin Emefiele on Issuance of New Naira Banknotes Good afternoon Ladies and Gentlemen, and welcome to this special press briefing of the Bank. We have called this gathering to inform relevant stakeholders and the general public of persisting concerns we are facing with the management of our current series of banknotes, and currency in circulation, particularly those …

.To sanction 23 officials over multiple registrations.As Political Parties pass confidence vote on Yakubu, back BVAS, IReV Ahead of next year’s general election, the Independent National Election Commission INEC has declared over 93.5 million Nigerians as eligible to participate in the exercise as voters. INEC Chairman, Prof. Mahmood Yakubu disclosed this on Wednesday in Abuja during the third quarterly meeting …

Nigerian Ports Authority (NPA), yesterday, revealed that rogue vessels used for stealing crude oil in the Niger Delta turn off their Automatic Identification System (AIS) to evade detection and tracking by officials in the country’s waters. NPA Managing Director, Mohammed Koko, made the disclosure while answering questions at the Ministerial Media Briefing anchored by the Presidential Communications Team, at the …

A Nigerian-Canadian, Kelechi Madu, has assumed office as the Deputy Premier of Alberta, Canada. The development took place on Monday following controversy over a phone call. Madu who was sworn in as Deputy Premier, was also assigned the portfolio of Minister of Skilled Trades and Professions. He previously served as the Minister of Justice and Solicitor General and the Minister …

Severance packages for the President, Major General Muhammadu Buhari (retd.), Vice President Yemi Osinbajo, state governors and other political appointees leaving office in 2023 may cost the country about N63.45bn. According to PUNCH findings, the figure also covers the severance gratuity for ministers, commissioners, National Assembly members, state assembly members and special advisers. It, however, does not include special assistants. …

Central Bank of Nigeria Governor, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022. He also said that existing notes would seize to be regarded as legal tender by January 31, 2023. Emefiele disclosed this during a press briefing in Abuja on Wednesday, as reported by Punch. The CBN said that it is …

A Federal High Court sitting in Umuahia, the Abia State capital, has ordered the Federal Government of Nigeria to pay the leader of the Indigenous People of Biafra, Nnamdi Kanu, the sum of N500 million as damages following his illegal abduction and human rights abuse from Kenya. The Court also ordered the Federal government to return him to Kenya from …