Major 10 News Updates you need to know this Tuesday Morning
Good morning readers Here is today’s summary from Nigerian Newspapers: 1. Violence rocked Port Harcourt, the Rivers State capital, on Monday, as supporters of the All Progressives Congress, APC, and the Peoples Democratic Party, PDP, clashed along Aba Road in…
Major 10 News Update you need to know this Saturday Morning
Good morning Readers Here is today’s summary from Nigerian Newspapers: 1. Members of the Muslim community in Ile-Ife, Osun State, on Friday, staged a protest following the alleged invasion of a mosque in the Ilare area by some Oro adherents….
Nigeria’s Economy Loses N20trn Over Naira Crisis
The Director of the Centre for the Promotion Of Private Enterprise, CPPE, Dr Muda Yusuf, said Nigeria’s economy had lost an estimated N20 trillion to the Naira crisis. Report has it that in a statement on Sunday, CPPE called on…
Traders Skeptical, As Abia Govt Orders Use Of Old N500, N1000 Notes
The Abia State government has approved the continuous use of the old naira notes of N200, N500 and N1,000 till December 31, 2023. The directive did not receive any compliance on its first day from shop owners and transporters, except…
Old, New Notes Are Legal Tender – CBN Reveals
The Central Bank of Nigeria said that both old and new notes are now legal tender. Report has it that the Acting Director of Corporate Communications CBN, Dr Isa Abdulmumin stated this on Tuesday. He affirmed that commercial banks have…
Buhari’s Order To CBN Will Do Magic – Etiaba
Three days after the Supreme Court verdict on the old Naira notes’ validity, a Senior Advocate of Nigeria, Emeka Etiaba, said President Muhammadu Buhari’s directive to the Central Bank of Nigeria Governor, Godwin Emefiele, would end the weeks-long currency crisis….
Northern governor hiding N22bn old naira notes – Buba Galadima
A Northern leader, Buba Galadima has revealed that a serving governor stashed N22 billion old naira notes. The former National Secretary of the defunct Congress for Progressive Change, CPC, disclosed in an interview on Trust TV’s Daily Politics. Galadima answered…
Naira appreciates slightly against dollar
The Naira exchanged at N461.50 to the dollar at the Investors and Exporters window on Friday. The number represented an appreciation of 0.09 per cent equated with the 461.10 it exchanged on Thursday. The open indicative rate on Friday closed…
Shortage Of Foodstuff Hits Kaduna As Fuel Scarcity, New Naira Notes Linger
Kaduna State residents have raised the alarm over imminent hunger as fuel scarcity, new notes have affected the supply chain of foodstuff in the state. Report indicates that several business men and women who sell foodstuff and ingredients have cut…
Protesters Storm CBN Headquarters Over Supreme Court Ruling On Old Naira Note
Protesters stormed the headquarters of the Central Bank of Nigeria, CBN, and the office of the Attorney General of the Federation, AGF, over the Supreme Court ruling on the deadline for use of old naira notes. Earlier on Wednesday, a…