Featured post

"Banditry: Hunters Urge Federal Government Support for Physical and Spiritual Battle"

-
Image
Amid escalating insecurity nationwide, hunters and farmers have urged the Federal Government to officially authorize them to help drive out bandits, Boko Haram insurgents, and other criminal elements taking refuge in forests. The appeal comes from groups such as the Nigerian Forest Security Service, the Professional Hunters Association of Nigeria, the Agbekoya Farmers’ Society of Nigeria, and the Oodua Peoples. The Oodua Peoples Congress has declared that it possesses the spiritual fortitude, expertise, and forest-based experience required to tackle terrorism. Their assertion comes amid a renewed wave of terror attacks across the country, with Plateau and Benue states bearing the brunt. Last week, at least 51 people were killed by gunmen in Zikke and Kakpa communities in Bassa Local Government Area of Plateau State—just two weeks after deadly clashes erupted in the region that left many people dead. Before last week’s assault, armed attackers had killed at least 52 people and forced ...
Post a Comment

BREAKING: CBN Extends Deadline For Use Of Old Naira Notes

-

 

The Central Bank of Nigeria, CBN, on Sunday extended the deadline for the exchange of old naira notes.

Godwin Emefiele, the CBN governor, who spoke to journalists on Sunday morning 29th of January, said he had the approval of President Muhammadu Buhari for the extension.

In a press statement issued on Sunday, Emefiele said the new deadline is now February 10, 2023.

However, Nigerians will still be able to deposit their old notes directly with the CBN until February 17, 2023 described as “grace period”.

Nigerians had been complaining about the inability to swap their old notes for the new designs as the January 31 deadline loomed.

Although banks are working through the weekend to swap the notes, there are widespread complaints about scarcity, with people in the rural areas the most hit.

The CBN previously said it would not extend the deadline.

However, Emefiele said on Sunday that as a result of measures put in place to ease the scarcity, President Muhammadu Buhari has given approval for the extension of deadline.

He said: “Based on the foregoing, we have sought and obtained Mr President’s approval for the following: a 10-day extension of the deadline from January 31, 2023, to February 10, 2023; to allow for collection of more old notes legitimately held by  Nigerians and  achieve more success in cash swap in our rural communities after which all old notes outside the CBN loses their Legal Tender Status. Our CBN staff currently on mass mobilization and monitoring together with officials of the EFCC and ICPC will work together to achieve these objectives.

“A 7-day grace period, beginning on February 10 to February 17, 2023, in compliance with Sections 20(3) and 22 of the CBN Act, allowing Nigerians to deposit their old notes at the CBN after the February deadline when the old currency would have lost its Legal Tender status.”

The naira redesign is believed to be targeted at stopping vote buying in the 2023 general election scheduled for February 25 and March 11.

However, the new notes have been scarce, thus leading to calls for an extension.

Mr Emefiele did not elaborate on what the central bank was doing to resolve the scarcity of the new notes.

Comments

Post a Comment

Popular posts from this blog

Benin Republic, Niger enjoy smuggled fuel as Nigerians keep vigil at petrol stations

-
Image
While numerous Nigerians are keeping vigil at filling stations to fuel their vehicles, drivers in the adjoining nations of Benin Republic and Niger are getting a charge out of fuel snuck from Nigeria, a Saturday PUNCH examination has shown. Our journalists, who visited the two nations found that the snuck petroleum was being sold by dark advertisers, whose rates were less expensive than those working in filling stations. Discoveries show that drivers frequently belittle the dark advertisers on the grounds that their rates are less expensive than the people who purchase from the filling stations. Saturday PUNCH accumulated the higher worth of cefas (CFA) to naira made the Nigerian snuck fuel alluring to residents of the two nations. Nigeria is seeing the fifth significant fuel emergency since President Bola Tinubu accepted office on May 29, 2023, following his expulsion of the fuel appropriation. The evacuation prompted a sharp ascent in fuel costs, causing alarm purchasing, far and wid...
Read more

"Kano girls, having been married off from an orphanage, face abandonment by their husbands and endure abuse, as they are now forced to seek assistance to survive."

-
Image
The Nassarawa orphanage home in Kano is a refuge for abandoned children, many of whom have been found on the streets, lost due to the tragic loss of their parents or left behind after accidents. For years, the Kano State Government has played a crucial role in supporting the orphanage by providing food, clothing, and education until these children reach adulthood. As they grow up, the boys often find work in government positions or venture into entrepreneurship, while the girls are generally married off to suitors interested in them. Since the orphanage’s inception, hundreds of girls have entered into marriage, but some women have shared their struggles with DAILY POST, expressing feelings of abandonment after their husbands divorced them. They often endure abuse and mistreatment, facing significant challenges in seeking help or reporting their situations. Hadiza Muhammad, 40, and Halima Muhammad, 45, are among those who have suffered through domestic abuse for over twenty years of mar...
Read more

Anambra Boutique Owner Sues NAFDAC Over Claimed Theft of Merchandise During Onitsha Drug Market Operation

-
Image
  Sophia Eberechukwu Okoye, a young entrepreneur from Anambra State, who owns a boutique in Onitsha, has taken legal action against the National Agency for Food, Drug Administration and Control (NAFDAC). She claims that soldiers allegedly deployed by the agency looted her store during a raid at the Onitsha drug market, popularly known as Ogbo Ogwu. In a notice of legal action issued by her legal representative, Barrister Ifeanyi Ejiofor of I. C. Ejiofor & Co. law firm, Ms. Okoye is seeking N22 million in compensation, which she asserts is the verified value of the goods taken from her shop. Reports indicate that Ms. Okoye expressed her distress after losing goods valued at over N15 million due to the purported looting by the soldiers. Her boutique, which had opened just a few months prior, was one of many shops that were reportedly broken into and ransacked during the operation. Sources reveal that the thieves stole clothes, shoes, and other valuable items from the boutique, le...
Read more