Mindblown: a blog about philosophy.
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Banks run out of old, new naira notes to pay customers, as CBN fails to honor cash requests
The Nation Newspaper Many banks ran out of old and new naira notes yesterday, dashing Nigerians’ hopes that the cash scarcity will ease soon. When the Central Bank of Nigeria (CBN) announced on Monday that the old N1000, N500 and N200 banknotes would remain legal tender alongside the redesigned banknotes till December 31, 2023, in…
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Why Nigeria Should Be Proud of 2023 Presidential, National Assembly Elections – UK
THE outgoing British High Commissioner in Nigeria, Catriona Laing has said that though there were setbacks in the Saturday, February, 25th Presidential and National Assembly election, overall, it was a positive process Nigeria should be proud of. Amid litigations trailing the conduct of the Presidential and National Assembly elections, conducted by the Independent National Electoral…
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Naira Crisis: Banks Ration old notes, NLC Insists on Seven-day Ultimatum
Punch Newspaper Deposit Money Banks have begun to ration the disbursements of old N1,000 and N500 notes to their customers amid uncertainty over whether the Central Bank of Nigeria will release the old notes in its custody. This came about 24 hours after the CBN Governor, Godwin Emefiele, announced that old N1,000, N500 and N200…
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Varsity Professor Found Dead With Multiple Stabs in Apartment
Police Command in Cross River has confirmed the recovery of the body of a Professor of Political Science with the University of Calabar (UNICAL), Prof. Felix Akpan. The Command’s Spokesperson, SP Irene Ugbo, who confirmed the incident, said the body was discovered on Sunday with multiple stabs in his apartment at Plot 181, Duke Town…
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400-level UniBen Student Killed After Abduction in Parents’ Presence
A400-level student of the University of Benin, UniBen, Destiny Osasenaga have been killed by unidentified Gunmen suspected to be cult members. According to report, deceased, a student of computer engineering, was abducted at his residence in the Uwelu area of Benin by gunmen in the presence of his father and other family members. A source…
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Just In: Old Naira Notes Remain Legal Tender Till December – Emefiele
The Central Bank of Nigeria (CBN) on Monday said old N200, N500, N1,000 bank notes remain legal tender Till December 31, 2023. The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin stated this in a statement on Monday. “In compliance with the established tradition of obedience to court orders and sustenance of the Rule…
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Old Naira Notes: Presidency Breaks Silence Over Compliance With Supreme Court Order
The Presidency on Monday said the Central Bank of Nigeria (CBN) has no reason not to comply with the Supreme Court order on naira redesign on the excuse of waiting for directives from President Muhammadu Buhari. Senior Special Assistant to the President on Media and Publicity, Garba Shehu, in a statement, said the President never…
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Osun Guber: Latest Update on Oyetola Vs Adeleke at Appeal Court
The Appeal Court on Monday, reserved judgement on the Osun State Governorship Appeal filled by Governor Ademola Adeleke. Adeleke had on February 9th, appealed the judgement of the Osun State Governorship Tribunal which nullified his election. The tribunal ruled in favour of a former governor of the state Gboyega Oyetola. While delivering the judgement, two…
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CBN Reacts To Alleged Fresh Plot Against Tinubu
The Central Bank of Nigeria (CBN) said it’s attention has been drawn to a story published in The Nation newspaper of Monday, March 13, 2023 edition, alleging that the Governor, Mr Godwin Emefiele has launched a “fresh plot against President-elect”. The controversial report had went further to allege that the Governor has made certain amount…
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Old Naira Notes: Governors Give Malami, Emefiele Ultimatum To Obey Supreme Court Judgement
Punch Newspaper 10 State governments, which sued the Federal Government on the naira redesign policy, have given the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, and the Central Bank of Nigeria Governor, Godwin Emefiele, till Tuesday to comply with the order of the Supreme Court on the currency. The state governments…
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