CBN Warns Against Rejecting Old Naira Notes
In line with the provisions of the CBN Act 2007, the Central Bank of Nigeria (CBN) has issued a warning against rejecting any bank notes it has issued. This is due to concerns that by December 2023, the old banknotes might no longer be accepted as legal tender. The Supreme Court issued an order on […]
Reps Query NIPOST Over Anomalies In Subsidiary Registration
The House of Representatives Committee on Finance on Wednesday queried the Nigerian Postal Service (NIPOST) over anomalies in subsidiary companies’ registration under them. When the Ministry of Finance Incorporated (MOFI) alongside other agencies appeared before the committee for an interactive session on the 2024–2026 Medium Term Expenditure Framework/FSP, James Abiodun Faleke (APC, Lagos), the committee […]
Tinubu Signs Second 2023 Supplementary Budget
The second 2023 supplementary appropriation bill, totaling N2,176,791,286,033, has been signed into law by President Bola Ahmed Tinubu. The National Assembly recently passed the bill amidst controversy surrounding the Navy’s allocation for a presidential yacht and the N6 billion allotted for State House vehicles. On Wednesday, the signing took place during a brief event in […]
G7 Nations Announce A Unified Stance On Israel-Hamas War After Intensive Meetings In Tokyo
Top diplomats from the Group of Seven leading industrial democracies announced a unified stance on the Israel-Hamas war on Wednesday after intensive meetings in Tokyo, condemning Hamas, supporting Israel’s right to self-defense and calling for “humanitarian pauses” to speed aid to desperate civilians in the Gaza Strip. In a statement following two days of talks, the nations […]
Growing Numbers Of Palestinians Flee On Foot As Israel Says Its Troops Are Battling Inside Gaza City
Thousands of Palestinians are fleeing south on foot with only what they can carry after running out of food and water in the north, a United Nations agency said Wednesday, as Israel said its troops were battling Hamas militants deep inside Gaza City. Over 70% of Gaza’s population of 2.3 million have already fled their homes, but […]
Ivanka Trump Is Pulled Back Into Her Father’s Orbit
Two weeks ago, Ivanka Trump was photographed striding into Kim Kardashian’s birthday party in Beverly Hills. On Wednesday, she will walk into a Manhattan courthouse to testify in her father’s business fraud trial. The two settings present a vivid split-screen of the lives of Ms Trump: the one she had before her father became president […]
Ohio Votes To Add Abortion Rights To State Constitution
Ohio voted to enshrine abortion rights in its constitution on Tuesday, marking a major victory for pro-choice campaigners in the state. The BBC’s US partner CBS News projected a decisive victory for the amendment. Early returns showed almost 56% of voters in the conservative-leaning state had backed it. Its success is likely to bolster Democrats’ […]
Appeal Court Dismisses PDP Senator’s Plea, Affirms Lalong As Winner
The Appeal Court, sitting in Abuja on Tuesday, upheld Barrister Simon Bako Lalong, the former governor of Plateau State and Minister of Labour and Employment, as senator representing Plateau South senatorial districts. Lalong ran for office on the All Progressive Congress (APC) platform. However, the People’s Democratic Party (PDP) candidate Napoleon Bali’s plea was dismissed […]
“Relationships Should Be Beneficial” – Wike Speaks On Agreement With Ireland
The Minister of the Federal Capital Territory (FCT), Nyesom Wike has said relationships should be beneficial and that he won’t rush enter into agreements that would end after discussions. The Minister stated this yesterday when he received the Irish Ambassador to Nigeria, Peter Ryan. He said that he wanted to see through any bilateral agreements his administration […]
Tinubu’s Administration Working On Policies That Will Strengthen Naira
The presidency has revealed that the administration of President Ahmed Bola Tinubu is working on measures to support the Naira. At the “Cowries to Cash” lecture and lunch in Abuja on Tuesday, Dr. Tope Fasua, Special Adviser to the President on Economic Matters, disclosed this. In recent days, the value of the Naira has steadily […]
