News

Harsh, Extremely difficult, Gut-wrenching. These are not very palatable words to read at the beginning of an article, especially early in a new year. But maybe they aptly describe the economic situation and life in general that a special group in Nigeria is experiencing at the moment. If economic conditions are tough for you with a spouse, family or network ...

Nasir el-Rufai, governor of Kaduna, says the old and new notes remain legal tender in the state pending the supreme court’s decision. In a televised address on Thursday morning, Buhari said he has directed the Central Bank of Nigeria (CBN) to extend the validity of old N200 notes till April 10. The president also said all existing old N1,000 and ...

President Muhammadu Buhari has announced the extension of the validity of old N200 notes till April 10.   Announcing the development in a televised nationwide address on Thursday, the president said all existing old N1000 and N500 notes remain redeemable at the Central Bank of Nigeria (CBN) and designated points.   “To further ease the supply pressures, particularly to our ...

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. The statement by Adesina, late on Wednesday, said President Buhari will address ...

The Supreme Court of Nigeria has adjourned the case on the naira swap policy of the Central Bank of Nigeria (CBN) till Wednesday, February 22 for hearing of the consolidated suits by 10 states. The apex court, which heard the case on Wednesday, was filled to capacity with a retinue of Senior Advocates of Nigeria, other lawyers and the governors ...

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 the case on Tuesday, February 14, defence counsel, Ahmed Raji, ...

The Supreme Court of Nigeria will today resume hearing in the suit brought by three states, against the federal government over the controversial currency swap policy of the Central Bank of Nigeria.   A seven-man panel of the apex court, last week Wednesday, granted an interim injunction as requested by the suing states of Kogi, Kaduna and Zamfara, “restraining the ...

The Independent National Electoral Commission (INEC) said on Monday that elections will not be held in about 240 polling units in 28 States of the federation between February 25 and March 11.   The Commission also said that it will not accept a situation in which two or more party agents show up at the polling places and cause confusion. ...

The Leader Of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has visited police stations in Lagos state and federal road safety corps (FRSC) office in his ongoing 17 days of appreciation and philanthropic impact. Today Wednesday, 8th Of February 2023, being the 11th day of the programme, the man of God visited about 10 police stations and FRSC offices in Lagos ...

The implication of this ruling is that the old N200, N500 and N1000 notes remains valid after the February 10 deadline given by the CBN. Emefiele_Old-Money CBN Governor Godwin Emefiele. The Supreme Court of Nigeria has restrained the Federal Government from implementing the February 10 Deadline of the old 200, 500 and 1000 naira notes to stop being legal tender. ...