NewsReports

• Denies scarcity of new notes• Senate urges CBN to soft-pedal, Reps seeks review of daily withdrawal limit• Ndume: As a senator, I haven’t seen new notes• Learn from UK, HURIWA knocks CBN over last-minute cash swap• Emefiele breaks silence on N89tr Stamp Duty allegation, says only N370.89b collected in six years• Explains why CBN is bailing out FG via …

  •Says only N370b Stamp Duty collected In its efforts to restrain inflation through monetary tightening, the Central Bank of Nigeria (CBN), has further raised the Monetary Policy Rate (MPR) by 100 basis points to 17.5 percent from 16.5 percent. Speaking at the end of this year’s first meeting of the Monetary Policy Committee, MPC, held in Abuja yesterday, Governor of …

The raid happened as the vigilantes were preparing to pursue terrorists who attacked their village. Many vigilantes were reportedly killed in an air raid by a yet-to-be-identified aircraft in Galadima Kogo, a community in Shiroro Local Government Area, Niger State, on Tuesday. Several members of the vigilante group, including its leader, were also injured in the bombing, locals said. The vigilante …

Vice President Yemi Osinbajo is currently presiding over this week’s Federal Executive Council meeting. The meeting which began at 10:00am is held at the Council Chambers of the Presidential Villa, Abuja. Present are the Secretary to Government of the Federation, Boss Mustapha, the Head of Civil Service of the Federation, Dr Folashade Yemi-Esan and the Chief of Staff to the …

President Muhammadu Buhari has written the Senate, seeking the screening and subsequent confirmation of former Inspector- General of Police, Solomon Arase, retd, as chairman, Police Service Commission, PSC. In a letter dated January 20 and addressed to the President of the Senate, Senator Ahmad Lawan, Buhari said he was forwarding the name of Arase, in line with Section 154(1) of 1999 …

…Extend the deadline to July 31, Senate tells CBN …Reps angry, invite banks’ CEOs today, wants deadline extended to June …Jan 31 deadline for old notes remains – Emefiele The two arms of the National Assembly, the Senate and the House of Representatives, yesterday asked the Central Bank of Nigeria, CBN, to extend the deadline for the usage of old …

Two hundred children who arrived in the United Kingdom seeking asylum without their parents in the last 18 months are missing, Immigration Minister Robert Jenrick said on Tuesday. Thirteen of them are under 16 and one is a girl, he told parliament, adding that they were mostly Albanians. The Observer newspaper on Sunday said young asylum-seekers were being “kidnapped” by …

Nigeria’s President, Muhammadu Buhari on Tuesday inaugurated the first phase of the Lagos Mass Transit Blue Line Rail Project. The first phase is 13 kilometres stretch from Marina to Mile 2 and has five stations — the Marina Iconic station; National Theatre; Orile-Iganmu; Suru-Alaba and Mile 2. The Blue Line is one of the six metro lines identified in the …

With the number of Lassa Fever cases reaching 97 in Edo, the State State Government said it has intensified campaign to curb the spread of the disease, rallying the support and collaboration of all residents to contain the disease and protect citizens across all Edo communities.  Commissioner for Health, Prof. Obehi Akoria, while addressing journalists in Benin City, said the …

Edo State Governor, Mr. Godwin Obaseki and members of the Benin River Port (BRP) Project Committee have concluded plans with the Port of Antwerp from Belgium to partner and finalize the Benin River Ports project. The new development emerged from a meeting of the Benin River Port (BRP) Project Committee with the governor and the representatives of the Port of …