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The Central Bank of Nigeria, CBN, has announced that there will be no cash swap for old notes in any financial institution. According to guidelines released by the apex bank, the exchange for the old notes provided by the depositor will be credited after scrutiny. The guidelines revealed that the process may take up to four weeks, adding that the deposited notes will be withheld if validation of the owner’s […]
The Supreme Court has adjourned the case on the naira swap policy of the Central Bank of Nigeria, CBN. The apex court adjourned the matter till Wednesday, February 22 for hearing of the consolidated suits by 10 states. At the last hearing, the Court had temporarily banned the implementation of the February 10 deadline of the CBN from making the old N200, N500 and N1,000 notes legal tender. The Zamfara, […]
President Muhammadu Buhari has called for lifting the visa ban on Nigerians by the Government of the United Arab Emirates, UAE. A statement signed by his Senior Special Assistant, Garba Shehu, urged UAE to review the blanket visa ban placed on Nigerians intending to travel to the UAE. The statement assured the UAE of his commitment to guaranteeing seamless relationships between countries.
The Central Bank of Nigeria, CBN, has said there was no need to shift the February 10, 2023 deadline. CBN Governor, Godwin Emefiele, said this during a visit to the Ministry of Foreign Affairs. Emefiele noted that the situation is substantially calming down since the commencement of over-the-counter payments to complement ATM disbursements and the use of super-agents. This comes as the Supreme Court earlier restrained the Federal Government from […]
The Federal Government has ordered the closure of all polytechnics in the country, ahead of the 2023 general elections. Minister of Education, Adamu Adamu issued the directive in a letter signed by an official of the ministry, I. Folorunsho, and addressed to the Executive Secretary of the National Board for Technical Education, Idris Bugaje. The letter directed that the instruction be conveyed to rectors and provosts of all polytechnics and […]
The National Population Commission, NPC, has said the 2023 census will cost more than N400 billion. Head, NPC Public Affairs Department in Plateau State, Jick Lawrence, revealed this during a one-day capacity-building workshop. Lawrence noted that some of the funds would be channeled to the empowerment of about 1.5 million Nigerians. He added that 56,000 vehicles would be rented to ease the movement of personnel and logistics while 800,000 Personal […]
Ebonyi State government has ordered the closure of schools from February 22 to March 13 to enable students vote in the 2023 general elections. The state Commissioner for Information and Orientation, Uchenna Orji, said the decision was the outcome of the State’s Executive Council meeting. Orji noted that the council arrived at the decision having considered a memorandum presented by the commissioner for education. The Commissioner directed all public and private primary […]
President Muhammadu Buhari has said Nigeria Police Force is expected to provide adequate security that would foster credible elections. Buhari stated this when he commissioned the newly-procured NPF operational assets, vehicles, crowd control, and anti-riot equipment at the Force Headquarters in Abuja. He noted that the eyes of the nation and global community are on all law enforcement agencies. The President expressed confidence in the level of preparedness of the […]
The Central Bank of Nigeria, CBN, has urged Nigerians to embrace alternative payment channels like the eNaira and internet banking. CBN Director, Corporate Communications Department, Osita Nwanusobi, explained that the new naira policy is not in any way targeted at any individual as being insinuated in the public domain. Nwanisobi noted that the aim is to make the country’s monetary policy decisions more efficacious, stating that Nigerians could observe a […]
