News
New Deadline Set for Elimination of Old Naira Notes
The House of Representatives has informed Central bank of Nigeria (CBN) to start eliminate old naira notes and to introduce the new N200, N500 and N1000 notes. They urge CBN to give to instruct banks to only make use of the new notes for transactions in order to prevent the circulation of old notes. This decision was passed after a motion by Mr Victor Ogene.
The CBN firstly introduced the new notes in 2022 October but faced criticism from Nigerian as there was queues and scarcity of the new notes. The Supreme Court has now set a deadline of December 31, 2024 after which the old notes will no longer be accepted anywhere. The House has referred the matter to its Committee on Banking Regulations for further action.
Nigerians reacts to President Tinubu trip to UK and lament that the timing is just bad. The timing of the trip and the arising crises occurring in the country.
It can be noted that the President, his wife and some other officials followed him on the trip.
And the public has shouted that we need the officials here in the country in the crises, asking who will help to manage the state of things as they are all going at once.
People shared their displeasure with a large crowd following the president to another country and leaving Nigeria in this state.
Federal Government in Nigeria has declared March 19th and 20th as public holidays for the end of Ramadan.
This was revealed by the Minister of Interior, Olubunmi Tunji-Ojo. He made this announcement on behalf of the Federal Government.
He wished Muslims a joyful Eid al-Fitr celebration.
It has been reported that President Bola Ahmed Tinubu has departed to London.
The Nigerian leader is travelling ahead of a state visit to the United Kingdom. The purpose of this visit is to strengthen bilateral relations and explore avenues for collaboration on issues such as immigration, trade, investment, and cultural exchange.
Amid this travel, the fuel prices still remain increased and many of the public are still there.
Nigerians react to the news, stating that he is leaving Nigerians once again to suffer with the current state of things before he returns.
They are calling out for him to do something and change about the fuel.
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