Prof. Wole Soyinka has criticised the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, for the controversial naira redesign policy that resulted in a nationwide cash crunch. Speaking in an interview with Channels TV on Monday, the Noble laureate said Emefiele “committed a crime against humanity”. The CBN introduced redesigned N200, N500, and N1,000 banknotes in October 2022 to control the money supply and aid security agencies in tackling illicit financial flows. The...

To boost efficiency and cargo handling operation at the Onne Port, Rivers State, the West Africa Container Terminal (WACT) has commissioned 16 brand new terminal trucks, and has moved a step further to realise its vision of becoming the gateway to Eastern Nigeria and beyond. According to the report, the additional container handling equipment will further improve the already quick turnaround time for vessels. With the acquisition and commissioning of the new terminal trucks, WACT...

President Muhammadu Buhari has finally broken his silence over the Supreme Court’s order that extended the validity of the old N200, N500 and N1000 notes till December 31, 2023. His reaction came against the backdrop of speculations that he directed the Central Bank Governor, Godwin Emefiele, and the Attorney-General of the Federation, Abubakar Malami, to disregard the court order. Describing such attacks on the President as “unfair and unjust”, the senior special assistant to the...

The Federal Government has spoken on the cash crunch issues, pointing out that the Central Bank of Nigeria (CBN) has no excuse not to obey the Supreme Court judgment, allowing the N500 and N1000 old notes to circulate side by side with the new notes till December 31st. Garba Shehu, Senior Special Assistant on Media and Publicity to the President broke the silence on behalf of his principal, on Monday, when he said the CBN...