NewsReports

The Presidency has said that neither the Federal Government nor the Central Bank of Nigeria had taken a stand on the continued use of the old N200, N500 and N1,000 notes as legal tenders seeing that the case is still pending before the Supreme Court, which will hear it today (Wednesday). The Senior Special Assistant to the President on media …

Over  120 anti-corruption civil society organisations have called for the removal of the Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, for what they termed his alleged politicisation of the agency, disobedience to court orders and infringement on human rights of Nigerians. The CSOs, in a petition on Tuesday, demanded that the EFCC chairman be sacked. There had …

The Supreme Court sitting in Abuja on Wednesday adjourned a hearing in the suit banning the use of the old naira to Wednesday, 22nd February 2023. The three states filed the suit against the Federal Government seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of Nigeria. In a new development, …

An Egyptian widow is struggling to afford meat and eggs for her five children. An exasperated German laundry owner watches as his energy bill jumps fivefold. Nigerian bakeries have shut their doors, unable to afford the exorbitant price of flour. One year after Russia invaded Ukraine on Feb. 24, 2022, and caused widespread suffering, the global economy is still enduring the consequences — crunched supplies …

• CBN insists no extension on Feb 10 deadline for old notes• Nigeria may lose $18m in GDP monthly to naira squeeze – Rewane• Old notes rejection spreads across Nigeria• CBN needs to pump more than it mopped to avert major financial crisis, Adonri advises • Ex-CIBN President: CIBN, CBN, other stakeholders must collaborate to restore confidence• Ogun files application to join …

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 organized by the the Centre …

Vice President Yemi Osinbajo of Nigeria has inaugurated the Steering Committee of the National Development Plan 2021 – 2025 noting that the aim is to lay a solid foundation for a strong base that will drive an effective implementation and produce a prosperous country. According to him, the “overall aim of establishing the National Steering Committee (NSC) and the Development …

*165m jobs planned during Agenda period *It captures a lot of expectations for Nigeria in the future, says Osinbajo *Adds: Implementation is key Nigeria’s National Economic Council (NEC) Rose from an emergency session and its first meeting this year today, endorsing “Nigeria Agenda 2050” designed to take the country through to Upper Middle-Income Country and subsequently to the status of …

Edo State Governor, Mr. Godwin Obaseki, has charged journalists in the state to ensure a peaceful and inclusive reporting of the 2023 general elections, warning them not to allow themselves to be used by politicians to fan embers of hate and disunity through hate speeches and derogatory comments. Obaseki gave the charge and warning today when he received members and …

Benin City, Nigeria – Edo State Media & Publicity Committee Chairman of Labour Party Presidential Campaign Council, Comrade Igbotako Nowinta, has challenged the Governor of Edo State, Godwin Obaseki, to show the people where the Edo State Library Board is presently situated in the State. Nowinta who made the call recently, while addressing newsmen in his office in Benin City, …