Category: News

Supreme Court suspends deadline for swap of old naira notes

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The February 10 deadline for the swap of old naira notes with new ones given by the Central Bank of Nigeria has been suspended by the Supreme Court. The CBN had moved the deadline earlier set for the expiration of the legal tender status of the old notes from January 31 to February 10, after the CBN governor, Godwin Emefiele, met with President Muhammadu Buhari. Nigerians have been groaning under the pain caused by the deadline as they are unable to get the new notes, while the old notes are…

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Wike approves stadium for Atiku’s rally

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Contrary to his earlier position, Governor Nyesom Wike of Rivers State has approved Adokiye Amiesimaka Stadium for the Peoples Democratic Party (PDP) presidential rally holding on Saturday, February 11 in Port Harcourt.  Wike, at a rally for Ogu/Bolo Council, yesterday, said: “This morning after appeals from people, who talked to me, I have given them back Adokiye Amiesimaka. Go and campaign. Let it not be that because they didn’t campaign, that is why they didn’t win in Rivers State.”   The governor, in a statement by his Special Assistant, Kelvin Ebiri,…

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Nigerian arraigned for stealing $1.4m from US vasity

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One Kolawole Erinle involved in a cybercrime has allegedly defrauded Kansas City University of Medicine and Biosciences in the United States of $1.4m, A Federal Bureau of Investigation’s agent, Mr Ayotunde Solademi, on Tuesday made this known to an Ikeja Special Offences Court. The witness, a Foreign Service national investigator for the FBI, Office of the Legal Attaché in the US Consulate in Nigeria, said the university became a victim of spoofing, a form of cybercrime attack that targets businesses using forged sender addresses. Erinle is standing trial alongside his…

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Over 3,800 killed in Turkey, Syria earthquake

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Turkey and Syria we’re on Monday hit by a major earthquake, killing more than 3,800 people and flattening thousands of buildings as rescuers dug with bare hands for survivors. Dozens of nations pledged aid after the 7.8-magnitude quake, which hit as people were still sleeping and amid freezing weather that has hampered emergency efforts. Multi-storey apartment buildings full of residents were among the 5,606 structures reduced to rubble in Turkey, while Syria announced dozens of collapses, as well as damage to archaeological sites in Aleppo. “That was the first time…

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Court stops Buhari, CBN from extending Feb 10 deadline for old naira notes

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President Muhammadu Buhari and the Central Bank of Nigeria, CBN, has been restrained from extending or interfering with the February 10 deadline for the use of the old N200, N500 and N1000 banknotes by A High Court of the Federal Capital Territory at Wuse Zone 2, on Monday. The court issued the order, following an ex-parte application that was brought before it by four political parties. The political parties behind the suit marked FCT/HC/CV/2234/2023, are the Action Alliance, AA, Action Peoples Party, APP, Allied Peoples Movement, APM, and the National…

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Lawan affirmed as Yobe APC senatorial candidate

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Senate President, Ahmad Lawan, has been affirmed by the Supreme Court as the ruling All Progressives Congress, APC senatorial candidate for Yobe north. In a majority judgment delivered on Monday, the apex court upheld the appeal filed by the APC against Bashir Machina’s candidature. Delivering the judgment, three out of a five-member panel agreed with the position of the APC that the suit at the trial court ought not to have commenced via an originating summons since it contained allegations of fraud. Share on: WhatsApp

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CBN uncovers hoarded N6m new naira notes in Bank

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The Central Bank of Nigeria has uncovered N6 million of new naira notes hoarded by a new generation bank branch along bank road, Ado-Ekiti. The Apex bank Deputy Director, Oluwole Owoeye uncovered the hoarded newly redesigned currencies while leading a team of officials on monitoring exercise in the state. Owoeye accused the bank of deliberately hoarding the new banknotes it had collected from the CBN for almost two weeks. The Deputy Director who said there was no excuse for keeping the money, saying Deposit Money Banks are sabotaging the apex…

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Tems, others win 2023 Grammy Awards

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Tems becomes the first female Nigerian artiste to win a Grammy award as she wins the ‘Best Melodic Rap Performance’ category on Sunday night for her role in ‘Wait for U’, the 2022 hit song by Future featuring Drake. Here is the full list of nominees and winners for the 2023 Grammys — Producer of the Year, Non-Classical Jack Antonoff | WINNER Dan Auerbach Boi-1da Dahi Dernst “D’mile” Emile II Songwriter of the year, non-classical Tobias Jesso Jr. | WINNER Amy Allen Nija Charles The-Dream Laura Veltz “Jazz Fest: A New…

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Tinubu issued 7 days ultimatum to withdraw threat to A’Ibom gov’s life

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Remarks by presidential candidate of the All Progressives Congress, APC, Senator Ahmed Tinubu, during his rally in Uyo, Akwa Ibom State on Monday has attracted negative reactions. Governor Udom Emmanuel had while reacting same Monday, expressed disappointment that instead of selling his manifesto to the people, Tinubu ended up abusing his principal, the presidential candidate of the Peoples Democratic party, PDP, and threatened his life. Reacting in a statement, yesterday, Akwa Ibom Integrity Alliance, AIIA, gave Tinubu and his co-conspirators seven days to retract the threats and to apologise or…

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IFC Partners Nigeria’s Union Bank to Support Trade, SMEs

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To boost access to finance for smaller businesses in Nigeria and to support increased trade, IFC today announced a partnership with Union Bank of Nigeria Plc to help the bank expand lending to hundreds of businesses operating in critical sectors in the country, including food, healthcare, manufacturing, and services. IFC’s $30 million loan will allow Union Bank to increase trade financing and working capital lending to Nigerian businesses, including those whose cashflows have been strained by recent disruptions in global and local markets. “As a bank, we are deeply committed…

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