Author: Vreporters
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Old Naira Notes: CBN Extends Deadline (Updated)
President Muhammadu Buhari has approved the Central Bank of Nigeria’s, CBN, request for the extension of the deadline for swapping old Naira notes to the redesigned ones. The new deadline is now February 10, 2023. A seven-day grace period, beginning on February 10 to February 17, 2023, has also been approved to enable Nigerians to…
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APC Able To Prove Forgery Case Against Adeleke, but… Tribunal
Osun Election Petition Tribunal has said that the All Progressives Congress (APC) and its candidate in the July 16 governorship election, Adegboyega Oyetola, were able to prove a case of forgery against Governor Ademola Adeleke. The tribunal, however, held that the forgery case was not enough to disqualify him from contesting the election, adding that…
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Old Naira Notes: President Buhari Sends Message To Nigerians
President Muhammadu Buhari has assured Nigerians that his administration will ensure that citizens are unharmed in their businesses and no disruption is caused to the entire supply chain arising from the currency swap due to end shortly. The President gave the assurance on Saturday while reacting to reports of long queues of people waiting for…
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New Naira Notes: Pressure Mounts On CBN To Extend Jan 31 Deadline
Daily Trust There has been an increased pressure on the Central Bank of Nigeria (CBN) to extend the January 31 dateline for phasing out old N1,000, N500 and N200 notes. Relevant stakeholders are also saying the deadline is not possible because the new notes are nowhere to be found. Governor Abdullahi Umar Ganduje of Kano…
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Redesigned Naira Notes: CBN Replies Tinubu
The Central Bank of Nigeria (CBN) has revealed that the policy of the redesigned new naira notes was not targeted at any politician or political parties but in the interest of the nation. Presidential candidate of the All Progressives Congress (APC) Bola Tinubu had on Wednesday during his campaign rally in Abeokuta, Ogun alleged that…
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Protest in Osun over tribunal judgment nullifying Adeleke’s election as governor
Supporters of the Peoples Democratic Party (PDP) on Friday stormed major streets in Osogbo to express dissatisfaction over the Election Petitions Tribunal Judgment that disqualified Governor Ademola Adeleke. The protesters were in their hundreds, carrying placards with different inscriptions and chanting anti-opposition songs with long queue of campaign vehicles across the streets. The inscription on…
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PDP, APC react to Osun tribunal judgement
All Progressives Congress (APC) and Peoples Democratic Party (PDP) in Osun, on Friday, expressed divergent views on the Governorship Election Petitions Tribunal judgement delivered on Friday. The tribunal had, in its judgement, declared former Governor Adegboyega Oyetola as the authentic winner of the July 16, 2022 governorship election in the state. While the tribunal chairman,…
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Just In: Tribunal Sacks Adeleke as Osun Governor
The Osun State Governorship Election Petition Tribunal sitting in Osogbo has sacked Governor Ademola Adeleke as the duly elected governor of the state. The tribunal in a split document of two to one declared that the Independent National Electoral Commission, INEC, should withdraw the Certificate of Return issued to Adeleke and issue the same to…
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Lawyer sues CBN, seeks extension of deadline for old banknotes
Joshua Alobo has approached the Abuja Division of the Federal High Court, praying the court to stop the Central Bank of Nigeria (CBN) from implementing the January 31 deadline to phase out the old naira notes (N200, N500 and N1,000). Mr Alobo, in the suit marked: FHC/ABJ/CS/114/2023, also prayed the court to make an order…
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Old Naira Notes: What Commercial Banks Told House of Representatives
Vanguard News The commercial banks yesterday told the House of Representatives that they were bound by the guidelines of the Central Bank of Nigeria, CBN, as their regulator in the implementation of the cashless policy. The banks in a meeting with the adhoc committee of the House set up to interface with them on the…