CBN classifies money bouquets as naira abuse

11 Feb 2023

Money bouquets have been identified as a form of naira abuse by the Central Bank of Nigeria (CBN). On Friday, CBN announced this via its Twitter account.  Other forms of Naira abuse included spraying, selling, squeezing, and defacing.  As a result, the CBN has urged Nigerians to call its toll-free hotline 08000200200 to report anyone […]

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UNILAG declares lecture-free week for election

11 Feb 2023

UNILAG declared a lecture-free week from Thursday, February 23rd to 27th, Senate also declared Thursday, March 9th to 13th, a lecture-free week to allow the students to vote during the gubernatorial election on Saturday, March 11th. The management of the University of Lagos (UNILAG), Akoka, has approved lecture-free weeks to enable students to vote during […]

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SUG UNN threatens to sanction POS operatives imposing exorbitant Charges

11 Feb 2023

The Students’ Union Government of the University of Nigeria, Nsukka (UNN) has threatened to impose sanctions on POS operatives who impose exorbitant charges on students for cash withdrawals within the school. The Students’ Union Government of the University of Nigeria, Nsukka (UNN) has threatened to impose sanctions on POS operatives who impose exorbitant charges on […]

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Banks reject old notes despite order from supreme court

11 Feb 2023

The banks sent email reminders to customers urging them to deposit their banknotes on Friday, warning the naira notes would lose their validity after the deadline. 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 […]

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VIDEO: Omotola Jalade-Ekeinde shares moments from her romantic birthday surprise getaway trip sponsored by her hubby, Captain Mathew

10 Feb 2023

Nollywood actress, Dr Omotola Jalade-Ekeinde, has shared moments from her romantic birthday surprise getaway trip sponsored by her hubby, Captain Mathew. The actress and mother of four, who turned 45 on February 7, said she couldn’t throw a birthday party because of tragic events in Nigeria, Turkey, and Syria. To avoid appearing insensitive, Omotola Jalade […]

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Naira swap: The NMDPRA has sanctioned filling stations that do not accept bank transfers or POS

10 Feb 2023

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) announced on Thursday that it would sanction fuel stations that did not accept bank transfers or POS machines at their outlets. Kimchi Apollo, NMDPRA’s General Manager, Corporate Communications and Stakeholders Management, stated this in an Abuja statement. According to Apollo, the retail outlets’ actions were motivated […]

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WE GIVE OUT NEW NOTES TO BANKS ON A DAILY BASIS- CBN

10 Feb 2023

The Central Bank of Nigeria (CBN) has stated that the apex bank allocates new naira notes to banks on a daily basis, however, the scarcity of the redesigned naira is due to the fact that some Nigerians are hoarding the currency. This statement was made by the CBN Director, Consumer Protection, Mrs Rashidat Mongunu, on […]

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Naira scarcity: Beggars lament decline in almsgiving

09 Feb 2023

Beggars in Dutse have lamented the decline in almsgiving caused by the scarcity of new naira notes. While speaking with reporters in Dutse, the state capital, some of the beggars expressed their concern. Before the new naira policy, Malam Sani, one of the beggars on Kiyawa road in Dutse, said he used to get enough […]

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FEC approves the contract for the Oloibiri Museum and Research Centre

09 Feb 2023

The Federal Government, through the Federal Executive Council, has approved the award of the Phase 1 engineering, procurement, and construction contract for the Oloibiri Museum & Research Centre (OMRC) in Bayelsa State’s Ogbia Local Government Area. President Muhammadu Buhari presided over the FEC meeting on Wednesday, which approved the scope of work, which included a […]

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