Fuel scarcity: Transporters suspend strike plan

12 Feb 2023

Transporters who threatened to occupy the headquarters of the Nigeria National Petroleum Company Limited, NNPCL over acute fuel and gasoline scarcity have suspended their plan. The suspension followed the intervention of the Mele Kyari-led management of the NNPCL and the Minister of State for Petroleum, Timipreye Sylva to resolve the fuel crisis. On Monday, 6th […]

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Currency swap crisis hits Kwara, forcing banks to close their doors

11 Feb 2023

Despite a Supreme Court ruling barring the Federal Government and the Central Bank of Nigeria, CBN, from withdrawing old naira notes from circulation on February 10, 2023, the crisis that accompanied the currency swap in Nigeria continued unabated in Kwara State. The order was issued temporarily by the Supreme Court in response to an application […]

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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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