By Jonathan Ugbal Nigeria’s president, Muhammadu Buhari on Thursday morning directed the extension of the use of the old NGN200 notes until April 10, 2023. President Buhari gave the directive in an unusual national broadcast following reports of confusion and crisis over the utilization of the old and redesigned NGN200, NGN500, and NGN1000 notes. “I
By Sarah Wakili, Channels Tv The Central Bank of Nigeria (CBN) says there is no going back on the February 10, 2023 deadline for the swapping of the old N1,000, N500, and N200 notes. While there has been controversy over the deadline with some governors dragging the apex bank to the Supreme Court and the
By Eyo Charles, Daily Post The Manager of the Nigerian Ports Authority, NPA, Calabar, Mr. Iyke Olumati, has said the long-awaited dredging of the Port will commence in a few weeks, as all litigations on its operation and contract formalities have now been settled. The Manager also disclosed that other technical matters, which were inimical
The Federal Government has unleashed untold hardship on the masses of Nigeria through the unprecedented scarcity of the Naira, fuel scarcity, and skyrocketing rise in fuel prices. Fuel and currency scarcity is inexplicable and unacceptable. The Federal Government has shirked its obligation to guarantee the security and welfare of the Nigerian people as provided under
By CrossRiverWatch Admin The Central Bank of Nigeria (CBN) has bowed to public pressure and extended the deadline for the use of the old notes till February 10, 2023. CBN Governor, Godwin Emefiele, made this known while granting Journalists an audience on Sunday 29th January 2023. Godwin said the apex bank had the approval of
By James Emejo, ThisDay Newspaper The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, Thursday launched the Nigerian National Domestic Card scheme that will among other things, avail Nigerians the sovereignty of their data, lower costs of transactions, and address challenges in foreign exchange usage. Emefiele said at a time when foreign
By Our Reporter The creator of the new economic system, a wonderful investment opportunity – Compassionate Capitalism, ‘King’ Charles N Lambert has announced the creation of the Pan African Job Centre, a program that will help curb unemployment in Africa by creating over 300 million jobs for African youths across the continent. ‘King’ Charles N
By James Emejo, This Day Newspaper In compliance with the Central Bank of Nigeria’s (CBN) currency redesign and cash withdrawal policy that limited withdrawals across all channels to N500,000 weekly, banks have suspended further cash disbursement via customers’ Naira Credit and prepaid cards. This Day Newspaper learnt that as a result, the banks have informed customers