Supreme Court: Old Naira notes won’t expire on 31 December

…CBN order banks to issue, accept old and new notes. The old N200, N500 and N1000 banknotes will continue to be in use beyond 31 December 2023, the Supreme Court in Abuja ruled on Wednesday. The court overruled an earlier order it gave in March that pegged the deadline for the validity of the old naira notes by the end of the year. The court’s judgement was in favour of the federal government who, last...

Wema Bank emerges overall winner for second time at Nigeria bankers’ games

The Wema Bank has emerged winner of the Nigerian Bankers Games (NBG) 2023, maintaining the winning streak for the second year. According to a report made available to journalists, the grand finale of the annual sporting event, held at the University of Lagos Sports Center, saw the defending champions defeating other competing banks to emerge the overall winner. The games kicked off on the 21st of October, and on the journey to the finals, Wema...

President Tinubu woos German investors at G20 Summit

President Bola Tinubu, on Monday, enthusiastically marketed Nigerians to the international community at the G20 Compact with Africa summit taking place in Berlin. According to the President, beyond the abundant natural resources in the country, Nigeria’s young population makes it an attractive investment destination. “We are eager and ready to partner with you,” President Tinubu said at a panel discussion titled, “Fostering Local Value Chains and Investments in Africa – The Role of the German...

There’s no expiry dates for old N200, N500 and N1000 banknotes – CBN

The Central Bank of Nigeria, CBN, has some good news for Nigerians: the old N200, N500 and N1,000 notes will remain legal tender beyond December 31, 2023. The central bank announced the introduction of redesigned N200, N500 and N1,000 banknotes in October 2022, to rein in excess cash, fight crime and kidnapping, and address inflation and counterfeiting. The CBN gave Nigerians only six weeks to swap the old notes for new ones. The deadline was...

Old, New Naira Notes Remain Legal Tender-CBN

The Central Bank of Nigeria (CBN) has clarified that all Naira notes issued by it remain legal tender. Isa AbdulMumim, CBN’s Director of Corporate Communications Department, clarified a statement on Wednesday against the backdrop of the reported scarcity of Naira notes across some major cities in the country. He said there is sufficient cash stock in all locations across the country. AbdulMumim stated that all branches of the apex bank across the country have been...

Moghalu to speak at the Intra-African Trade Fair in Cairo

Professor Kingsley Moghalu, former Deputy Governor of Nigeria’s Central Bank and President of the Institute for Governance and Economic Transformation – IGET, has been appointed the Chairman of the Africa Private Sector Summit – APSS, a pan-African organization, with a focus on creating an enabling business environment in Africa. In the coming days, Moghalu will be the keynote speaker of the Joint African Continental Free Trade Agreement – AFCFTA private sector session, with the APSS,...

Nigeria Institute of Architects Holds Annual Conference in Awka

The Nigeria Institute of Architects –NIA, Anambra State chapter, on Friday had its annual conference in Awka, the state capital. The conference held at the Oba Nwandu Resource Center in the Department of Architecture in Nnamdi Azikiwe University, Awka, was well attended by architects and engineers in the building and construction industry across Anambra State, as well as students. The conference which was supported and sponsored by Etex Group, owners of Kalsie Ceil ceilings and...

AWEAA Excels at Fidelity Bank’s International Trade and Creative Fair Debut in Houston

Houston was set agog October 24-25 when the Fidelity Bank Plc. Nigeria unveiled its premier international trade and creative fair in Houston, Texas. The just concluded event called the “Fidelity International Trade & Creative Connect” (FITCC) attracted the brightest minds and industry leaders who swapped ideas, created trade/business partnerships, and navigated the ever-evolving landscape of international trade, exports, and creative connections. Among a long list of participants, partners, exhibitors, and supporters is the Academy for...

S African Development Foundation CEO Travis Adkins visits Nigeria

President/CEO of the US African Development Foundation, USADF, Travis Adkins will be in Nigeria from October 16 to October 20. The USADF is an independent US government agency established to invest directly in African grassroots enterprises and social entrepreneurs. Adkins will visit Lagos State and the nation’s capital Abuja to deepen economic engagement and investment ties with Nigerian grassroots enterprises and social entrepreneurs. “In Abuja, P/CEO Adkins will engage with USADF grantees in the agricultural...

Google, KDSG To Train 5,000 females In Data Science, Artificial Intelligence

Google in partnering with the Kaduna State Government is to train 5,000 women and girls in data science, artificial intelligence, and entrepreneurial applications of digital technologies. Rabi Salisu, Kaduna State Commissioner for Human Services and Social Development disclosed this at a Roundtable on ‘Mainstreaming Girl Child Education in Kaduna State, Challenges and Policy Recommendations for Families and Government.’ The roundtable, held in Kaduna, was organized by the Kukah Centre in partnership with HJDP Church and Society....

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