The Council of State meeting, presided over by President Muhammadu Buhari on Friday, gave their support to the naira redesign policy but with a caveat that the Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, should make new Naira notes available or recirculate the old notes to ease the suffering of Nigerians. The hybrid meeting which lasted for over four hours at the Council Chambers, Presidential Villa, Abuja, had in attendance former heads of state and president Gen. Yakubu Gowon (retd), Gen. Abdulsalami Abubakar (retd) and Goodluck Jonathan, while former President, Olusegun Obasanjo, joined the meeting online.…
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The president acknowledged “hardship” in the country last week but urged citizens to give him seven days to resolve the cash crunch that has become a problem across the country, causing suffering for thousands of Nigerians. Nigeria’s President Muhammadu Buhari is set to take a decision Friday as Africa’s biggest economy battles a cash crunch on a day that the Central bank of nigeria is expected to phase out the use of old notes. Mr Buhari is holding an emergency meeting of the National Council of State to discuss crucial issues affecting the country such as the currency crisis…
The native token of Core DAO, which oversees the Core Network, is CORE. On January 14, 2023, Core Network’s mainnet was officially launched. On February 8th, 2023, the network Airdropped 25% of the entire supply of CORE tokens to the community. The popularity of Core Network is due to its promotion of nearly flawless network functionalities. It asserts to have strong security like that of Bitcoin, smart contract capability like that of Ethereum, and high throughput like that of Solana. The price of $CORE has started off well in the cryptocurrency market, and it will continue to rise as…
The Nigerian government has ordered filling station owners and operators across the country to begin accepting Point of Sale payments and bank transfers from customers or face sanctions for non-compliance. The statement directed all retail outlets to ensure the unrestricted use of PoS and bank transfers for the sale of petroleum products to ease the suffering of customers during the ongoing cash crisis period. In the statement, the agency said the move became obligatory due to reports from Nigerians that some filling stations are rejecting Point of Sale machines and bank transfers as payment methods from customers despite the current…
A frustrated Nigerian man has called on his church to return the money he was made to pay in the name of investing in the Kingdom of heaven. The man explained in a video that, for years, his pastor used the Bible verse Matthew chapter 6 VS 19 – 21 to make him invest in the church. The verse reads: “Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: “But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where…
Commercial banks are insisting on the Central Bank of Nigeria February 10 deadline to deposit old, N500 and N1,000 banknotes despite a temporary halt of the process by the Supreme Court. Financial institutions like Stanbic IBTC, Union Bank and other commercial banks said they would stick to the February 10 deadline for accepting old naira notes, disregarding Supreme court order order restraining CBN from following through on its directive of rejecting the old denominations at the expiration of its ultimatum. The banks sent email reminders to customers urging them to deposit their banknotes on Friday, warning…
Christians have recognised “since ancient times that God is neither male nor female,” the church said in a statement. The Church of England is considering using gender-neutral pronouns for God, reversing an age-old practice that has depicted God in the masculine pronoun. The move will likely remove the use of he, him and his in reference to God in the Bible. The Anglican Church stated that this language has been “frequently” taken into consideration since 2014 by its Liturgical commission, which plans and provides guidance on the church service. The Faith and Order Commission, another body that provides…
The Presidential Campaign Council (PCC) of the All Progressives Congress (APC) has cancelled its second campaign visit to Kano scheduled to hold on February 16. The announcement was made via the Twitter handle of the party’s PCC and signed by its secretary, James Faleke.“Good evening all. Pls be informed that the next Kano Rally for the 16/2/23 is hereby canceled. Signed. James Faleke,” the tweet said. Mr Faleke did not give any reason for the cancellation of the scheduled event. The APC presidential candidate, Bola Tinubu, and his running mate Kashim Shettima, had visited the state in January where…
The United Arab Emirates has authorised the renewal of existing residency visas to Nigerians The United Arab Emirates has authorised the renewal of existing residency visas to Nigerians, The development was confirmed by multiple travel agencies in the UAE on Thursday. However, they emphasised that Nigeria and many other African countries are still subject to the standard visa ban.All citizens of Nigeria, Ghana, and at least 17 other African nations—including Ghana, Liberia, The Gambia, Togo, and so on—were slammed with a visa ban by the UAE as of october 2022. Emirate authorities have repeatedly claimed Nigerians and…
Amid the chaos caused by the naira scarcity across Nigeria, Governor Godwin Obaseki has ordered Edo officials to stop cash transactions from March 1. The Edo governor is backing President Muhammadu Buhari’s naira redesign police that has thrown families and businesses into chaos. “I have issued a circular that effective March 1st, government offices will be prohibited from using cash. The government is pushing toward a cashless economy,” said Mr Obaseki on Thursday during a code of ethics engagement with the senior civil servants at the Government House, Benin City. According to the governor, the prohibition will help his…