. By Ikechukwu Nnochiri The Supreme Court, on Wednesday, fixed March 3 to deliver its judgement on the consolidated suit that states filed to set aside the decision of the Federal Government to ban the use of old N200, N500 and N1000 banknotes as valid legal tenders. A seven-man panel of the apex court okayed…
The First Lady of Nigeria, Hajiya Aisha Muhammadu Buhari, has denied responsibility for sharing fake statement from the Central Bank of Nigeria (CBN) on her Instagram page which announced that the old N500 and N1000 notes remain legal tender for the next 70 days, till May 1, 2023. Mrs Buhari, in a post on her…
Aisha Buhari By Izunna Okafor The Central Bank of Nigeria (CBN) has denied receiving any directive from President Muhammadu Buhari, to reissue and recirculate the old N200, N500 and N1000 Naira notes to remain legal tenders for the 70 days, to ease the hardship orchestrated by naira scarcity. This denial was coming shortly after a…
A video obtained by SaharaReporters captures the moment an agent of Governor Dapo Abiodun of Ogun State distributed old Naira notes to residents of the state as inducement ahead of the 2023 general elections. The governor’s agent shared the old notes in envelopes branded with the governor’s picture to residents, convincing them to ensure they…
A middle-aged woman identified simply as Mama Dada has reportedly set herself ablaze in her rented apartment allegedly over her inability to pay back a N70,000 loan she took from a microfinance bank. Gathered that the deceased got burnt beyond recognition as the entire building located at Oke-Keesi, Itoko area of Abeokuta was burnt. An…
Wife of presidential candidate of the All Progressives Congress, (APC), Senator Oluremi Tinubu, has said her husband is not driven by overambition to contest for the 2023 presidency. According to her, for the past 20 years, Tinunu has not contested any election since 2003, and as such he did not just wake up and say “it is my turn”….
Udechukwu Obi Osakwe has been appointed a non-executive director of the leading hospitality brand Transcorp Hotels Plc, effective February 17, 2023, subject to the approval of shareholders. Osakwe’s appointment comes following the retirement of Mr. Alexander Adeyemi from the Board after serving for close to 4 years. Osakwe brings to the Board his extensive experience…
—Says elections must hold —Adds: It’s not in doubt Tinubu is President’s favoured successor The Presidency on Friday said that it is only politicians that are afraid of losing elections that are accusing President Muhammadu Buhari of planning to truncate the democracy and handover to an interim government. The President also warned those peddling such…
The Central Bank of Nigeria, CBN, has said it did not direct banks to collect the old N500 and N1,000, as earlier reported. Director, Corporate Communication, Mr. Osita Nwanisobi, stated this in response to media reports that the apex bank had directed commercial banks to collect the old N500 and N1,000. He said: “The attention…
Old naira notes The Central Bank of Nigeria has ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It, however, pegged the maximum amount the banks can collect at N500,000. The CBN maintained that the old currencies were no more legal tender. A source from the bank…
