“Na why UBA no get network be this”- reactions as Tinubu visits Tony Elumelu

10 Mar 2023

Nigerian billionaire Tony Elumelu received President-elect Bola Ahmed Tinubu at his home in Lagos, to discuss diverse ways to support and empower Nigerian youths. The business mogul disclosed this development after he shared pictures of the president’s visit to his home on his Instagram page. He captioned the pictures thus: “Last night, I was honoured […]

Continue Reading

Banks begin to pay out old N500 and N1,000 notes

07 Mar 2023

Following the Supreme Court’s decision to extend the validity of the Central Bank of Nigeria’s currency redesign policy until December 31, some banks across the country have begun issuing old N500 and N1,000 notes to customers. Guaranty Trust Bank, Polaris Bank, and other banks confirmed on Monday that they were still dispensing the old notes […]

Continue Reading

CBN awaits legal advice on Supreme Court ruling

05 Mar 2023

The Supreme Court on Friday nullified the cashless and Naira re-design policy of President Muhammadu Buhari-led government. The apex court in its ruling declared the naira redesign policy was an affront to the 1999 Constitution of the country. Justice Emmanuel Akomaye Agim while reading the lead judgment of the Court, said President Buhari breached the […]

Continue Reading

Supreme Court has extended the validity of old Naira notes

04 Mar 2023

The Supreme Court ruled that the old N200, N500, and N1,000 notes will be valid and in circulation until December 31, 2023. In a ruling issued on Friday, March 3, the Supreme Court also declared the Federal Government’s Naira redesign policy unconstitutional, calling it an affront to the 1999 Constitution.  The Supreme Court also ruled […]

Continue Reading

Fire destroys Yola market shops

03 Mar 2023

Some shops in Yola Town, a community that, along with Jimeta, serves as Adamawa State’s capital city, have been destroyed by fire. According to reports late Thursday evening, the fire started much earlier in the morning, around 9 a.m., when some of the shop owners had already arrived at the market. According to sources, the […]

Continue Reading

CBN AND THE SUPREME COURT

28 Feb 2023

I don’t know what the CBN intends to achieve by not allowing banks to continue to accept deposit of the old notes. I thought that would have been allowed in order to ease the burden on those who still retain the notes. The time limit given by the CBN for its own direct redemption of […]

Continue Reading

OLD NAIRA NOTES – JUDICIAL CONFUSION

28 Feb 2023

What is the effect of the injunction of the Supreme Court (SC) restraining enforcement of the phasing out of old notes? One thing is certain: the CBN has already given Friday, 10th February as the date on which the old notes cease to be legal tender. Only the CBN can change that date. No court […]

Continue Reading

Drivers of commercial buses refuse to transport election materials without payment

26 Feb 2023

Some chartered commercial bus drivers in Enugu South Local Government Area have refused to carry electoral materials if the Independence National Electoral Commission, INEC, does not pay them upfront for their services. The News Agency of Nigeria monitoring the exercise at the INEC office at the New Gariki, Enugu North LGA on Saturday reports that […]

Continue Reading

2023 Election: Google Honors Nigeria

25 Feb 2023

Google, the world’s largest search engine, is commemorating Nigeria with a special doodle on its website as the country holds its general election on Saturday. The doodle features the Nigerian green-white-green color scheme, as well as a picture of an election ballot box. A click on the doodle takes you to a new page where […]

Continue Reading