Real reason there is naira scarcity – CBN

The Central Bank of Nigeria, CBN, has attributed the scarcity of the new naira to the hoarding of the notes by Nigerians. CBN’s Director of Consumer Protection, Mrs Rashidat Mongunu, said this on Thursday while monitoring microfinance banks in Offa, Offa Local Government Area of …

New naira scarcity: CBN issues fresh promise to commercial banks

The Central Bank of Nigeria, CBN, on Thursday promised to supply commercial banks with plenty of funds to address the new Naira note scarcity in Kogi State. Kogi CBN Branch Controller, Ahmed Sule, made the vow while speaking with NAN in his office in Lokoja. …

FG shuts down all universities for elections

President Muhammadu Buhari’s regime has ordered the closure of all tertiary institutions ahead of the February 25 and March 11 elections. “In view of the foregoing and concerns expressed on the security of staff, students and properties of our respective institutions, the Honourable Minister of …

Court stops PDP, Ayu from suspending Wike

The Federal High Court, Abuja on Monday ordered the Peoples Democratic Party not to make an attempt at suspending or expelling Governor Nyesom Wike of Rivers State from the party. In the motion marked FHC/ABJ/CS/139/2023, dated and filed on February 2, the respondents are the …

Nigeria’s Tems Wins Grammy Award As Burna Boy Loses

The 2023 Grammy Awards held on Sunday night at the Staples Center in Los Angeles, U.S. came with some surprises as Nigerian singer, Burna Boy failed to win. Nigeria’s Temilade Openiyi, better known as Tems, won the ‘Best Melodic Rap Performance’ category for her role …

Anambra senator denies endorsing Obi, says LP can’t win

The senatorial candidate of the Peoples Democratic Party for the Anambra Central senatorial district, Senator Uche Ekwunife, has denied ever endorsing the presidential candidate of the Labour Party, Mr Peter Obi. Ekwunife, who described Obi as a force to be reckoned with in the forthcoming …