Category: News
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Oil Marketers Fume Over Banks Rejection of Old Naira Notes
Punch Newspaper Oil marketers have threatened to close their filling stations in protest against the rejection of old naira notes by deposit money banks across the country. It was gathered that the banks issued circulars to some of the filling stations, urging them to stop accepting the old bills, as the DMBs would not collect…
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Davido’s Eldest Child, Imade Hospitalized (Video)
Imade Adeleke, eldest child of Nigerian hip-hop sensation, David Adeleke popularly known as Davido has been hospitalized. Imade’s mum, Sophia Momodu, posted clips online showing her (Imade) on drip. In the clip posted by Sophia on Snapchat, a drip was passed through Imade’s vein with a plaster holding tightly the needle that was used as…
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President Buhari’s Aide Accused of Sabotaging Tinubu’s Presidential Ambition Threatens Legal Action
The Cable President Muhammadu Buhari’s nephew, Sabi’u Tunde Yusuf, has denied working against Bola Tinubu, presidential candidate of the All Progressives Congress (APC). Alwan Hassan, convener of North-South Progressive Alliance, had alleged on Channels Television on Monday that Yusuf was leveraging on his closeness with the president to ensure that Tinubu does not win the…
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ASUU Reacts To Hardship Caused by Naira Scarcity
The Academic Staff Union of Universities, ASUU, has reacted to the the hardship created by the newly designed naira introduced by the Central Bank describing politicians behind the policy as “selfish, unpatriotic and self-renting”. ASUU President, Prof Emmanuel Osodeke, made the remarks in statement made available to the public on Friday. Osodeke said Nigerians were…
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Why Naira Redesign Policy Is Failing – CBN Governor, Godwin Emefiele
Premium Times Supply constraint arising from the limited capacity to print enough new Naira notes is responsible for the severe cash crunch hurting Nigerians, CBN Governor Godwin Emefiele admitted amid the disappointing naira swap policy of the Buhari administration. Mr Emefiele made the disclosure on Friday when he briefed the emergency meeting of the National…
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Council of State Backs Cashless Policy, Raises Concerns
The Council of State meeting, presided over by President Muhammadu Buhari on Friday, gave their support to the naira redesign policy but with a caveat that the Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, should make new Naira notes available or recirculate the old notes to ease the suffering of Nigerians. The hybrid…
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Despite Supreme Court order, Stanbic IBTC, Union Bank, others insist on rejecting old naira notes
Commercial banks are insisting on the Central Bank of Nigeria February 10 deadline to deposit old N200, N500 and N1,000 banknotes despite a temporary halt of the process by the Supreme Court. Financial institutions like Stanbic IBTC, Union Bank and other commercial banks said they would stick to the February 10 deadline for accepting old…
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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…