Category: News
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Naira Scarcity: Buhari Sets To Address Nigerians By 7am
President Muhammadu Buhari will address Nigerians on Thursday by 7am, presidential spokesman, Femi Adesina has said. The President’s nationwide broadcast is coming amid strong reactions and protests to the lingering cash crunch experienced by millions of Nigerians across the country in the last few weeks. Adesina, however, did not state the subject the President will…
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Naira Swap: Buhari Considers Extension of Old Naira Notes by 60 Days
TheCable President Muhammadu Buhari is considering extending the validity of old naira notes by 60 days, TheCable understands. This is to avoid disobeying the order of the Supreme Court of Nigeria which ruled that the old N1,000, N500 and N200 notes remain valid until it delivers judgment in the case filed by some states against…
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Old Naira Notes: No Need To Issue Fresh Order, Interim Order Still Stands – Supreme Court
The supreme court has postponed the hearing of the case brought against the Central Bank of Nigeria (CBN) on the naira redesign policy to Wednesday, February 22. With the adjournment, Nigerians are left wondering whether or not the old N200, N500, and N1000 notes remain legal tender. The court session held on Wednesday provided clarity…
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Old Naira Notes: Edo, Bayelsa Pitch Tent With FG, as Supreme Court Adjourns Case
The Supreme Court on Wednesday adjourned hearing in a suit filed against the federal government seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of Nigeria (CBN) until February 22. Recall Kaduna, Kogi and Zamfara have approached the apex Court amid cash crunch in the country.…
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Naira Swap: Supreme Court Adjourns Case
The Supreme Court of Nigeria has adjourned the case on the naira swap policy of the Central Bank of Nigeria (CBN) till Wednesday, February 22 for hearing of the consolidated suits by 10 states. The apex court, which heard the case on Wednesday, was filled to capacity with a retinue of Senior Advocates of Nigeria,…
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Old Naira Notes: El-Rufai, Yahaya Bello, Others Storm Supreme Court
Kaduna State Governor, Ahmad Nasir El-Rufai and his Kogi State counterpart, Yahaya Bello have stormed the Supreme Court to monitor proceedings in a suit by their states against the Federal Government on Cashless Policy Regime. The two governors arrived in the courtroom around 8:30 am in the company of their followers and top government functionaries.…
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Old Naira Notes: Ogun Govt Threatens To Shut Down Commercial Banks
The Ogun State Government on Tuesday threatened to shut down any commercial bank operating in the state who failed to accept the old Naira notes. He stated this while addressing market men and women at Itoku Kampala and Adire markets in continuation of his re-election campaign tour to Abeokuta North Local Government Area of the…
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Valentine: BAT/Shettima Group ‘Wows’ Nigerians With N500 Worth Airtime
In a bid to spread the love embedded in Valentine’s day. A group rooting for the election of Asiwaju Bola Ahmed Tinubu, Tinubu / Shettima group is giving out N500 worth of airtime to Nigerians. Many will be exchanging gifts today, but also for many, simply reaching out to loved ones and the people in…
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Naira Scarcity: ‘All I Want Is My Money To Buy Drugs’, Aged Man Weeps Profusely in Banking Hall
A video of an aged man crying profusely inside a banking hall has surfaced on social media platforms. Speaking in Yoruba, the elderly man, who was seated with a crutch placed in front of him, said he needs to access cash in order to buy drugs. “All I want is money to buy my drugs…
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INEC Releases Full List of Polling Units Where Elections Won’t Hold
The Independent National Electoral Commission, INEC, has released the full list of the 240 polling units where elections will not hold in 28 states. Vreporters reported that the INEC Chairman, Professor Mahmood Yakubu, said this during a meeting with the national leaders of political parties in Abuja on Monday. Giving the reason, INEC said the…