Days after the Central Bank of Nigeria announced the redesign of the N1,000, N500 and N200 notes, with a directive that the current notes be remitted to the commercial banks, wealthy individuals and organisations with huge cash stashed away have begun depositing them, Saturday PUNCH can report. Our correspondents gathered from sources and workers […]
The House of Representatives Committee on Public Accounts has summoned the Minister of finance, Zainab Ahmed; the Director-General, Budget Office of the Federation, Ben Akabueze; and the acting Accountant General of Federation, Okolieaboh Sylva; to explain why the Office of the Auditor General for the Federation (AuGF) is undermined in the preparation of the […]
Governor Godwin Obaseki of Edo State has faulted the move to redesign the naira, claiming it has no economic basis and purely political plan. He said this while inaugurating the Edo State Peoples Democratic Party (PDP) Women Campaign Council at the Presidential Campaign Secretariat in Benin City, the Edo State capital, on Wednesday. “They […]
Former governor of the Central Bank of Nigeria (CBN) Muhammadu Sanusi II said he has been informed that the redesigned naira notes will retain the Arabic sign on the current notes. Sanusi, a former Emir of Kano, said CBN governor Godwin Emefiele told him that the Arabic sign will be part of the redesigned […]
The federal government says it is set to institute an environmental task force on oil pollution and hold international oil companies (IOCs) accountable for the pollution of the environment. Mohammed Abdullahi, the minister of environment, said the task force will monitor, track, evaluate and punish erring companies. He spoke on Monday at the 12th […]
Nana Akufo-Addo, President of Ghana, says the country’s inflation has increased by five-fold since 2019. The president said this while speaking on the country’s economy recently. Nana Akufo-Addo said the whole world has been taken aback by the speed with which inflation has eroded people’s incomes. Comparing Ghana’s inflationary surge with other countries, he […]
A legal practitioner, Dapo Oyewumi has urged the Central Bank of Nigeria (CBN) to immediately find a solution to the inflationary effect the intended naira redesign is having on the economy. Oyewumi, who made the appeal during Channels Television’s Sunrise Daily on Monday, said prices of commodities have further gone up since the new […]
The Central Bank of Nigeria is expected to have destroyed over N6tn worth of mutilated and old banknotes when the regime of the President, Major General Muhammadu Buhari, (retd) expires in May 2023, an analysis by The PUNCH has shown. Already, data obtained from the annual reports of the currency operations department of the […]
President Muhammadu Buhari has stated the Central Bank of Nigeria (CBN) has his backing on the controversy trailing the decision to introduce new naira notes. He said he approved the policy because he was convinced it is in national interest. In a statement by his Senior Special Assistant on Media and Publicity, Mallam Garba […]
The Nigerian Communication Commission (NCC) has reassured the public that the new Fifth Generation network popularly known as 5G has no negative health effects. The Enugu Zonal Controller of the NCC, Mr Ogbonnaya Ugama, made the clarification in Enugu on Saturday at a round table with members of the Association of Heads of Federal […]
