NewsReports

The Central Bank of Nigeria has again said that the January 31 deadline for the validity of the old 200, 500 and 1,000 naira notes remains unchanged. This is as calls from various quarters have poured in pleading and demanding with the apex bank to shift grounds and extend the deadline in order to allow Nigerians more time to return …

■ Admits concerns over distribution of PVCs The Independent National Electoral Commission (INEC), has announced February 4, as date to conduct mock accreditation of voters in 436 polling units across the country. It also disclosed that 12 polling units in each state of the federation and four in the Federal Capital Territory (FCT)  have been designated for the exercise.  INEC Chairman, …

Four days to the expiration of the deadline set by the Central Bank of Nigeria for the old N1,000, N500 and N200 notes to cease from circulation, Deposit Money Banks have taken extra security measures to prevent angry customers from attacking their branches and destroying facilities. Saturday PUNCH reports that customers besieged bank branches in different parts of the country on Friday …

A youth group, the Arewa Youth for Development and National Unity has said that it members  were not against the Naira redesign policy of the Central Bank of Nigeria( CBN) but were appealing for an extension of the January 31st deadline so as to accommodate the rural populace. Speaking at a press conference in Kaduna on Saturday,National Coordinator of the …

Days after the Warri-Itakpe train service derailed at around the Ajaokuta-Itakpe section of the track, leading to the suspension of operations at the corridor, the Nigeria Railway Corporation (NRC) on Friday again recorded another train derailment, this time along the Abuja/ Kaduna corridor  A source, who is close to Saturday Sun, said the train left Kaduna for Abuja and derailed …

Kindly share this story: …Says govt will stabilize new notes supply soon President Muhammadu Buhari of Nigeria on Saturday said his government’s currency swap was not meant to target innocent citizens but corrupt persons and terror financiers hoarding illicit monies. He also assured Nigerians that the government will ensure that they and their businesses will face no harm from disruptions …

Presidential candidate of the People’s Democratic Party (PDP) Atiku Abubakar on Saturday said the deadline for the use of old naira notes is unrealistic and causing discomfort. “The deadline is going to cause heavy discomfort for Nigerians,” Atiku said in a video tweet. “It will be magnanimous for the Federal Government and the regulatory body to ease the burden of …

The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) in Zamfara, to release the new naira notes to Point of Sale (POS) operators or face sanction. The CBN Controller in the state,  Alhaji Buhari Abbas gave the charge on Friday at a sensitisation exercise for POS operators in Gusau. He said the measure was imperative to cushion …

President Muhammadu Buhari has warned Nigerians not to vote for leaders that would drag the country back to corrupt practices that his administration has addressed. Speaking at the Presidential Advisary Committee Against Corruption ( PACAC) conference themed: “Fighting corruption in Nigeria” in Abuja, yesterday, he decried the havoc corruption had done to the country saying his administration was leaving  behind a legacy …

Even before the outburst by presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, in Abeokuta on Wednesday, there had been unease among some members of the ruling party, whether the recent Central Bank of Nigeria’s (CBN) monetary policies, lingering fuel crisis, increase in electricity tariff, among other policies, were not targeted at jeopardising chances of the …