The Central Bank of Nigeria, CBN, has urged Nigerians to embrace alternative payment channels like the eNaira and internet banking in the face of the cashless policy. This is against the backdrop of challenges being faced by Nigerians sequel to the naira redesign and the naira swap. The Director, Corporate Communications Department of the CBN, Mr. Osita Nwanusobi, while speaking at the just concluded 44th Kaduna International Trade Fair, explained that the new naira policy is not in any way targeted at any individual as being insinuated in the public domain. Speaking on the theme, “Promoting Value Addition for Economic…
Author: ACNN NEWS ADMIN
The Central Bank of Nigeria, CBN, has promised to supply commercial banks with plenty of funds to address the new Naira note scarcity in Kogi State. Kogi CBN Branch Controller, Ahmed Sule, made the vow while speaking with NAN in his office in Lokoja. Recall that protesters had on Wednesday picketed some commercial banks over purported non-compliance with the apex bank’s directive to make the new notes available to citizens across the nation. According to Sule, the scarcity of the new Naira might have resulted in some commercial banks not opening for customers on Wednesday and Thursday. He said, “I…
The National Agency for Food Drug Administration and Control, NAFDAC, has declared a State of Emergency on bleaching after establishing that Nigeria today has been ranked first in cases of bleaching, Prof Mojisola Adeyeye, the Director General of NAFDAC, raised the alarm on the menace of bleaching creams in Nigeria, saying the problem has become a national emergency that calls for serious attention. She stated this while flagging off a media sensitization workshop on Dangers of Bleaching Creams and Regulatory Control organized by the Association of Nigerian Health Journalists in Kano on Thursday. She added that 77 percent of those…
With a split judgment of three to two, the Supreme Court on Monday restored the Senate President, Ahmad Ibrahim Lawan as the Senatorial candidate of the All Progressives Congress APC, for Yobe North Senatorial District. The Apex Court in the majority judgment voided and set aside the judgments of the Federal High Court and the Court of Appeal which affirmed Bashir Sheriff Machina as the APC candidate having won the May 28, 2022 senatorial primaries. The ground of voiding the two earlier judgments by the Supreme Court’s new judgment was that Bashir Sheriff Machina adopted originating summons to invoke his…
The Central Bank of Nigeria (CBN) on Thursday ordered commercial banks to begin the payment of the new naira notes to customers over the counter. This was confirmed in a statement issued and signed by the Bank’s Director, Corporate Communications Osita Nwanisobi. Nwanisobi said the maximum daily payout limit is N20,000 only. “In line with this resolve, the Governor, Mr. Godwin Emefiele, has directed deposit money banks (DMBs) to commence the payment of the redesigned Naira notes over the counter, subject to a maximum daily payout limit of N20,000,” the statement added.
Southern Kaduna Christian Leaders Association and Southern Kaduna Council of Imams and Ulamaa have signed a Memorandum of Understanding (MoU) to ensure peaceful coexistence in the area before, during and after the forthcoming elections. The MoU signed by Emmanuel Nuhu Kure and Chief Imam Muhammad D. Kassim, on behalf of the two religions said both groups are committed to promoting peaceful co-existence. “Having identified stakeholders (Christians and Muslims) committed to the promotion of peaceful co-existence among communities in Southern Kaduna, Kaduna State, Nigeria, the above leaders do undertake to sign this MOU as a mark of their commitment towards sustaining…
A Federal High Court in Abuja has dismissed a suit by a former presidential candidate of Hope Democratic Party, HDP, Chief Ambrose Albert Owuru, against the election of President Muhammadu Buhari, the presidential candidate of the All Progressives Congress, APC, in the 2019 presidential election. The suit seeking the outright sack of President Buhari was thrown out by Justice Inyang Edem Ekwo on three major grounds. Parts of the grounds are that the suit constituted a gross abuse of court process, statute barred and was an affront to the supremacy of the Supreme Court of Nigeria. Besides, Justice Ekwo held…
Nigerians on social media have begun to react to the sack of the Osun State Governor by the election petitions tribunal. The tribunal had in a Friday morning judgement nullified Governor Adeleke’s victory at the July 16th, 2022 governorship election in the state. The tribunal had hinged its judgement on evidence of over voting presented by the APC and subsequently, declared former Governor, Gboyega Oyetola, the validly elected candidate. Some of the reactions have faulted the tribunal’s judgement, alleging that the Nigerian judicial system is flawed and fraudulent Murphy: “Ademola Adeleke will remain Governor till Supreme Court judgement. Oyetola…
Christian filmmaker/actor, Mike Bamiloye, has chastised his colleagues in the movie industry for the romantic roles that they play. In a post on his Instagram page the veteran claimed that the make-believe romance scenes are breaking down “moral defenses” of the actors and weakening their abilities to control their lust. He said, “Hear me, actors(sic) and actresses! “Dear Movie-Maker,You think you are doing great movies? You think you are making money? You think you are getting popular? “Dear Movie Actor! You have acted in many movies in Nigeria and all your achievement in life has been that. You have kissed…
Ahead of the January 31 deadline set by the Central Bank of Nigeria for the phasing out of the old N1,000, N500 and N200 notes, some mega-churches, schools and retailers have set time limits for the collection of the old currencies. This came as the lingering shortage of old naira notes forced several commercial banks to shut their Automated Teller Machines in Lagos, Abuja and other states across the country. Deposit Money Banks have been battling a shortage of old bills amid a directive by the CBN that lenders should load only their ATMs with the news notes, forbidding over-the-counter…