Author: Vreporters
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CBN Gives Reason For Redesigned Naira Scarcity
Central Bank of Nigeria (CBN) has attributed scarcity of the redesigned naira notes to hoarding by citizens. Rashidat Monguno, director, consumer protection department of CBN, spoke on Thursday in Kwara state while monitoring the compliance of microfinance banks to the apex bank’s naira redesign policy. She said the redesigned notes were made available by the…
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ASUU, Vice-Chancellors Kick Against Closure of Universities
The Academic Staff Union of Universities, ASUU, has kicked against the directive of the National Universities Commissions, NUC, to the Committee of Vice-Chancellors of Nigerian Universities that universities should be shut to enable students to participate in the forthcoming general elections. The NUC gave the directive in a letter on Tuesday addressed to vice-chancellors of…
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Buhari Approves Establishment of Transition Council For Next Administration (See Members)
President Muhammadu Buhari has approved the establishment of a Presidential Transition Council for facilitating and managing the 2023 transition programme. The President also signed the Executive Order No. 14 of 2023 on the Facilitation and Management of Presidential Transitions. This was disclosed in a statement by Willie Bassey, Director of Information for the Secretary to…
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NUC Orders Closure of Varsities
The National Universities Commission, NUC, has ordered the closure of universities across the country to enable students to participate in the 2023 general elections, The PUNCH reports. In a letter addressed to vice-chancellors of all universities and directors of inter-university centres, the NUC noted that the directive was based on the directive of the Minister…
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FG Wants Interim Judgement Over Old Naira Notes Dismissed
The Federal Government through the Attorney-General of the Federation, Abubakar Malami, has asked the Supreme Court to dismiss a suit filed by three northern state governments challenging the February 10 deadline set by the Central Bank of Nigeria to end the legal tender status of the old naira notes. The government argued that the Supreme…
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Bank Workers Threaten To Withdraw Services Over Attacks
The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has threatened to withdraw the services of its members nationwide following attacks on some commercial banks. It also said it would not stop the withdrawal until the attacks on its workers were addressed, and security ensured. NUBIFIE’s general secretary, Mohammed Sheikh, in a statement…
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MFB Director Accuses Banks in Yobe of Diversion of N4.3 billion New Naira Notes
The Managing Director, Yobe Microfinance Bank, Sheriff Almuhajir, on Tuesday, alleged that the sum of N4.3 billion disbursed by the Central Bank of Nigeria to banks in the state had been diverted. Almuhajir made this allegation in a 4:31-seconds-video footage posted to his Facebook handle. He said, “I want to tell you that I got…
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Old Naira Notes: Supreme Court Stops CBN, FG From Implementing February 10th Deadline
The Supreme Court of Nigeria has restrained the Federal Government from implementing the February 10 Deadline for the old 200, 500 and 1000 naira notes to stop being legal tenders. Three northern states — Kaduna, Kogi and Zamfara — had in a motion ex-parte filed on February 3rd, by their lawyer, AbdulHakeem Mustapha (SAN), prayed…
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9-year-old Nigerian kid, David Balogun Graduates From American High School
A nine-year-old Nigerian kid, David Balogun resident of Pennsylvania, in the United States has graduated from an American high school as one of the youngest students to achieve this feat in the world. Balogun, who has a passion for science and computer programming also received his high school diploma from Reach Cyber Charter School, Harrisburg,…
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ICPC Uncovers ‘Hoarded’ N258 Million New Notes in Another Abuja Bank
The Independent Corrupt Practices and Other Related Offences Commission says it has uncovered N258 million of new naira notes hidden in the head office of Sterling Bank Abuja. The anti-graft agency said this discovery was made last week Friday in a statement released on its Twitter handle Tuesday night. The ICPC a region manager and a service…