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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Over 200,000 corps members has been deployed for general election- NYSC

23 Feb 2023

The National Youth Service Corps, NYSC said the Corps has deployed over 200,000 corps members as ad hoc staff for 2023 general elections. The Director General, Brigadier General Yushau Dogara Ahmed, made the disclosed this at a press conference on the scheme’s preparedness for the forthcoming general elections in Abuja on Wednesday. According to Ahmed, […]

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All banks in Ogun State have been closed due to the destruction of bank property by Rioters

22 Feb 2023

All commercial banks in Ogun State have been ordered closed by the Ogun State Bankers’ Forum. This comes after Nigerians destroyed many banks in protest of the Naira’s scarcity. The Ogun State Bankers’ Forum announced this today, Feb. 21, in a communique. It says: “Dear Ogun Bankers,  “You are aware of the massive destruction of […]

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