Category: News
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Cashless Policy: Buhari Extends Usage Of Old N200 Note By 60 Days
The President Muhammdu Buhari has approved old N200 note as legal tender till April 10. The President disclosed this on Thursday morning during an address to Nigerians. He also apologised to Nigerians over the difficulties experienced in accessing the scarce new naira notes. Buhari said “To further ease the supply pressures particularly to our citizens,…
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Cashless Policy: Buhari Extends Usage Of Old N200 Note By 60 Days
The President Muhammdu Buhari has approved old N200 note as legal tender till April 10. The President disclosed this on Thursday morning during an address to Nigerians. He also apologised to Nigerians over the difficulties experienced in accessing the scarce new naira notes. Buhari said “To further ease the supply pressures particularly to our citizens,…
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Governor Adeleke Speaks On New/Old Naira Notes
….Warns banks who have stopped receiving old notes to reverse that policy The Executive Governor of Osun State, Senator Ademola Adeleke on Wednesday warned commercial banks operating in the state against hoarding of new naira notes and rejection of old naira currency. In a statement issued by his spokesperson, Mallam Rasheed Olawale, the Governor lamented…
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Old Naira Notes Remain Legal Tender Till Case Is Resolved – Supreme Court
The Supreme Court on Wednesday ruled that the old 200, 500 and 1000 naira notes are still recognised as legal tender in Nigeria. The apex court made this known while reinstating its order stopping the Nigerian government and its agencies from implementing the February 10 deadline. The court issued the clarification in response to a…
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Naira Redesign: Supreme Court Adjourns Suit On Old Notes
The Supreme Court has adjourned the suit filed by governors to challenge the naira redesign policy of the Central Bank of Nigeria (CBN). CBN had originally fixed January 31 as deadline for old notes to be in circulation but extended it in response to pressure from Nigerians. However, before the February 10 deadline, Kogi, Kaduna…
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Valentine’s Day: Ooni Ogunwusi Blesses New Born Babies With Gifts, Prayers
… Says Children are gift of love from God As a mark of love, the Ooni of Ife, Oba Adeyeye Ogunwusi has blessed with Valentine’s gifts, Some new babies born Tuesday in some tertiary health facilities in Ile-Ife and Osogbo, Osun as well as Ibadan in Oyo State. The Ooni who was represented by his…
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Osun Tribunal Judgement: Oyetola, APC Cross Appeal
…insists Adeleke not qualified to stand election for presenting forged certificate The All Progressives Congress (APC) candidate in the July 16 2022 Governorship election, Adegboyega Oyetola, has approached the Appeal Court to further seek the disqualification of Governor Ademola Adeleke of Osun. It will be recalled that the Independent National Electoral Commission, INEC, had on…
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Association of Veteran Journalists Urge FG To End New Naira Notes Crisis
Government at federal and state levels have been called upon to ensure wholiistic approach to end the crisis,engineered by the central bank of Nigeria monetary policy with particular reference to the redesignation of the country’s currency. The Association of Veteran Journalists Osun state Chapter made the call in a Communique issued at the end of…
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Print More Money Or Allow Co-Circulation – Council of State Tells Buhari
…Council approved the naira redesign policy of the CBN but faulted its implementation. The Council of State has advised President Muhammadu Buhari to direct the Central Bank of Nigeria (CBN) to print more redesigned naira notes or allow the new and old banknotes circulate concurrently to ease tension caused by scarcity of cash. The Council…
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Just In: NUC Orders Closure of Varsities For Elections
The regulatory agency for universities in Nigeria, the National Universities Commission has ordered the closure of universities across the country to enable students to participate in the 2023 general elections. In a letter addressed to vice-chancellors of all universities and directors of inter-university centres, the NUC noted that the directive was based on the directive…