The Federal Executive Council (FEC) has approved 2.8 billion naira for the procurement of software for the National Population Commission for the conduct of the National Census in May 2023. Minister of Information and Culture, Lai Mohammed disclosed that the 2023 population and housing census earlier scheduled for March 29 has been shifted to May...
Category: Economy
CBN Breaks Silence, Says Old N200, N500, N1,000 Notes Remain Legal Tender Till Dec 31
The Central Bank of Nigeria (CBN) on Monday said old N200, N500, N1,000 banknotes remain legal tender till December 31, 2023. The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin disclosed this in a statement on Monday. This is coming 10 days after the Supreme Court ruled that old naira notes should co-exist with...
EXCLUSIVE: “Don’t Panic, Just Be Law-Abiding,” Former Army Chief, Amb. Buratai Urges Nigerians… Says No Cause For Alarm!
….Says Situation In 2015 Worse Than Now… Insists President Buhari, APC Govt Has Done Much For Security, Anti-Corruption, Economy Dousing tension and fear in the country ahead of Saturday’s Presidential and National Assembly elections, the former Chief of Army Staff, Lieutenant General Amb Tukur Yusufu Buratai (Rtd), has called on Nigerians not to panic but...
CBN Launches Portal For Deposit Of Old Naira Notes
The Central Bank of Nigeria (CBN) has created a portal for the deposit of old naira notes. The bank published a notification titled ‘redemption of currency’ during a Wednesday check on the apex bank’s website. According to the CBN, Nigerians can redeem their old N1,000, N500, and N200 notes by completing an online form. The...
Economy: Buhari Orders Old N200 Notes To Co-Exist With New Notes For 60 Days
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to release old N200 notes into circulation to co-exist with the new N200, N500 and N1,000 banknotes for 60 days. The President, who made this known in a nationwide broadcast on Thursday, directed the CBN to allow the new notes available to all citizens....
We’ll Deal Decisively With Businesses Rejecting Old Naira Notes, Says Ogun Gov
Ogun State Governor, Prince Dapo Abiodun, has reiterated his warning that the state government will clamp down on banks and businesses rejecting the old naira notes. Explaining that part of the measures being considered may include getting security agencies to arrest anyone who refuses to accept old Naira notes, the Governor said the directive became...
Allow Old, New Notes Co-Exist For 12 Months, Tinubu Tells CBN
The presidential candidate of the All Progressives Congress (APC), Bola Tinubu has asked the Central Bank of Nigeria (CBN) to allow old and new N200, N500 and N1,000 notes to co-exist as legal tenders for the next 12 months. The APC flag bearer also asked the apex bank to suspend all charges associated with online...
Tinubu Hails Nigerian Governors Over Supreme Court Ruling On CBN Naira Swap Policy
All Progressives Congress Presidential Candidate, Asiwaju Bola Ahmed Tinubu has hailed the Governors of the 36 states for standing on the side of the Nigerian people over the Central Bank new Naira and cashless policies that have subjected the masses to pains. According to Asiwaju Tinubu, the Governors especially the APC Governors who instituted the...
Just In: Supreme Court Restrains CBN From Implementing Deadline For Old Naira Notes Validity
The Supreme Court of Nigeria has restrained the Federal Government from implementing the February 10 Deadline of the old 200, 500 and 1000 naira notes to stop being legal tender. Three northern states — Kaduna, Kogi and Zamfara — had in a motion ex-parte filed on February 3rd, prayed the apex court to halt the...
NNPC Apologises To Nigerians, Promises Fuel Scarcity Will Ease In One Week
The Nigerian National Petroleum Company (NNPC) Limited has apologised to Nigerians for the over three months of pains caused by the nationwide fuel scarcity. The Group CEO, NNPCL, Mele Kyari, who spoke during an interview on Channels Television’s special election programme The 2023 Verdict on Tuesday, assured the public that the “glitch” will be resolved to everyone’s...