The man behind the misinformation by the Central Bank of Nigeria regarding the old naira notes has been unmasked as Osita Nwasinobi. It was reported that many people flocked to the CBN’s various branches across the country after President Muhammadu Buhari ordered that they bring their old N500 and N1000 …
Read More »CBN denies directing banks to collect old N500, N1000 notes
The Central Bank of Nigeria (CBN), has denied directing commercial banks to collect old N500 and N1,000 from Nigerians, dismissing the reports to that effect as false. Reports had emerged in some media outlets on Friday that the apex bank had made a u-turn and directed banks to collect old …
Read More »I’m most qualified to be president, Tinubu writes in The Economist
Bola Tinubu Bola Tinubu, presidential candidate of the All Progressives Congres (APC), has said he’s the most qualified person to be president of Nigeria, noting that none of his competitors in the 2023 presidential elections can match his track record. Tinubu made this assertion in an opinion piece published in …
Read More »Kwara achieves 112% IGR growth in 2022, generates record N35.4bn
Kwara State Internal Revenue Service (KW-IRS) generated a total sum of N35,445,846,058.06 in 2022, the highest revenue ever generated in one year by the agency since its establishment in 2016. The record-breaker figure represents 112% of the agency’s IGR target for the year 2022 and it far surpassed the agency’s …
Read More »JUST IN: Buhari to address Nigerians on naira crisis
Muhammadu Buhari President Muhammadu Buhari is set to make a national broadcast to Nigerians. This was announced in a statement by the President’s Special Adviser on Media and Publicity, Femi Adesina The address by President Buhari is coming on the heels of widespread protest over the scarcity of the Naira. …
Read More »I will prosecute banks, anyone rejecting old notes – Sanwo-Olu vows
Gov. Sanwo-Olu of Lagos State Lagos State Governor, Babajide Sanwo-Olu on Wednesday vowed to prosecute banks and anyone rejecting the old naira notes contrary to law. The Supreme Court had on Wednesday further ordered that the old notes should continue to be legal tender pending its determination of the suit …
Read More »Buhari To Extend Old Naira Notes Deadline By 2 Months
PRESIDENT BUHARI UNVEILS NEW NAIRA NOTES 1A-C; L-R; CBN Governor, Mr Godwin Emefile and President Muhammadu Buhari, as President Unveil new Naira Notes and presides over FEC Meeting at the State House Abuja. PHOTO; SUNDAY AGHAEZE. NOV 23RD 2022 A report monitored on TheCable , says President Muhammadu Buhari is considering …
Read More »JUST IN: Bello, el-Rufai present as S’Court begins sitting on Naira swap case
The Supreme Court has begun sitting in the case on the controversial Naira swap policy of the Central Bank of Nigeria. The court had on February 8, 2023 fixed February 15, 2023 for hearing of the case brought by three States Governments. The States Governments were those of Kaduna, Kogi …
Read More »N3bn scam: Tension in Kogi government house over Yahaya Bello’s nephew, others
Justice Obiora Egwuatu of the Federal High Court sitting in Abuja has adjourned ruling on the bail application filed by Ali Bello, nephew of the Kogi State Governor, Yahaya Bello, and four others in a N3 billion money laundering trial to Monday, February 20, 2023. At the resumed proceedings on …
Read More »Naira redesign: Emefiele Dares Supreme Court, Insists On February 10 Deadline For Old Naira Note
In a dramatic move, the Central Bank of Nigeria’s governor, Godwin Emefiele, has insisted that the old naira notes has seized to be legal tender. This contradicts the ruling of Nigeria’s Supreme Court which gave an interim injuntion for the currency to be on hold pending when it will pass …
Read More »