CBN to reduce volume of N500, N1000 in circulation

MoneyNewsNigeriaCBN to reduce volume of N500, N1000 in circulation

Beloved John (Staff Writer)November 24, 2022

The Central Bank of Nigeria (CBN) has said it is planning to decrease the volume of higher denominations like N500 and N1000 in circulation. Godwin Emefiele, governor of CBN, said this move is an effort to tame the country’s  inflation. The governor said this on Tuesday while fielding questions from journalists at the monetary policy committee (MPC) meeting in Abuja. According to the governor, increasing the high denomination of the currency could be part of...

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Plausibility of Unseating Senator Ifeanyi Ubah

ColumnsNigeriaOpinionPlausibility of Unseating Senator Ifeanyi Ubah

Ebuka Onyekwelu (Staff Writer)November 24, 2022

The National Assembly Election is in February 2023, which effectively means that contenders for positions at the National Assembly has just December and January, to make their case. In Anambra South senatorial zone, the incumbent will be squaring it up against House of Representatives member, Hon. Chris Azubogu, who is the major challenger of Sen. Ifeanyi Ubah, the incumbent. There are candidates like Hon. Chukwuma  Umeoji of APC, Chris Uba of PDP and Obinna Uzor...

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Gbajabiamila Sponsors Student Loan Bill for Nigerian Students to Access Interest-free Loans

EducationNewsNigeriaPoliticsGbajabiamila Sponsors Student Loan Bill for Nigerian Students to Access Interest-free Loans

By Ezinwanne Onwuka (Senior Reporter)November 24, 2022

The Speaker of the House of Representatives, Hon. Femi Gbajabiamila has sponsored a student loan bill in the National Assembly which aims to enable Nigerian students in tertiary institutions to have access to financial assistance. The proposed legislation is titled, ‘Bill for an Act to provide for easy access to higher education for Nigerians through interest-free loans from the Nigerian Education Bank.’ The bill seeks the establishment of the Nigerian Education Bank which shall have...

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Enugu Govt Condemns Attack On Farmers, Donates 10m Naira To Victims Of Eha Amufu Crisis

Crime & SecurityNewsNigeriaRegionsEnugu Govt Condemns Attack On Farmers, Donates 10m Naira To Victims Of Eha Amufu Crisis

Ije Ulasi (Regional Correspondent)November 24, 2022

The Enugu State Government has released a sum of N10 million for the immediate needs of victims of the Eha Amufu farmers and suspected herders clash with a promise to paying all the medical bills of those receiving treatments in the hospital. Condemning the attack on farmers in their farm settlements at Aguamaede and Mgbuji communities in Eha Amufu, Isi-Uzo Local Government Area by suspected herders, Governor Ugwuanyi assigned a delegate to investigate the attack...

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Buhari Unveils New Naira Notes As CBN Plans to Reduce Volume of N500, N1000 in Circulation

BusinessNewsNigeriaBuhari Unveils New Naira Notes As CBN Plans to Reduce Volume of N500, N1000 in Circulation

By Ezinwanne Onwuka (Senior Reporter)November 24, 2022

President Muhammadu Buhari on Wednesday launched the redesigned 200-, 500- and 1,000-naira notes at the Council Chambers of the State House shortly before the commencement of the Federal Executive Council (FEC) meeting. This is coming a few weeks after the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, disclosed plans, backed by the President, to redesign the currency notes. In his speech, President Buhari said the redesigning of the naira notes would not only...

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Over 11,000 Teachers Sat For Professional Qualifying Examination In Nigeria

EducationNewsNigeriaOver 11,000 Teachers Sat For Professional Qualifying Examination In Nigeria

Hassan Umar Shallpella (Regional Correspondent)November 22, 2022

No fewer than 11,629 candidates have sat for the second batch of the 2022 Teachers Professional Qualifying Examination, PQE, nationwide conducted by the Teachers Registration Council of Nigeria, (TRCN). Dr Jacinta Ogboso, TRCN’s Director of Examination and Licencing, disclosed this after monitoring the exercise in Abuja, explained that the Federal Capital Terrotory had the highest number of candidates with 982 teachers, while Lagos, Anambra, Ondo and Kaduna had equal number of registered candidates. Ogboso, said...

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Former CBN Governor Urges Nigerians To Vote Credible, Visionary leaders In 2023

NewsNigeriaPoliticsFormer CBN Governor Urges Nigerians To Vote Credible, Visionary leaders In 2023

PilotnewsNovember 22, 2022

Former governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, has advised Nigerians to vote credible and visionary leaders in 2023 general elections.Sanusi gave the charge in Abuja on Saturday at the 1444AH Annual Maulid Nabiy celebration organised by the Ashraaf Islamic Foundation themed ‘Islamic Perspectives on Elections and Good Governance’. The former CBN governor was represented by the coordinator, Centre for Community Development, Kwara State University, Malete, Ustaz Muhammad Awwal Olohungbebe....

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Africa Illustrious Award Set to Honour Africans across Diverse Works of Life

AfricaNewsNigeriaAfrica Illustrious Award Set to Honour Africans across Diverse Works of Life

Ebuka Onyekwelu (Staff Writer)November 22, 2022

The Africa Illustrious Award is set to honour outstanding Africans in diverse works of life, in an even scheduled to hold early December, 2022. The Award reserved for those who are making an impact in their community was instituted about five years ago, as a meritorious recognition that seeks to balance stories across Africa by beaming its search light on the bright-side of Africa that is often underreported. Some of the award categories include; public...

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Court Orders INEC to Resume Voters’ Registration

NewsNigeriaPoliticsCourt Orders INEC to Resume Voters’ Registration

By Ezinwanne Onwuka (Senior Reporter)November 22, 2022

Five months after the suspension of the Continuous Voters Registration (CVR), a Federal High Court in Abuja has directed the Independent National Electoral Commission (INEC) to resume the registration. Delivering the judgment on Tuesday, Justice Inyang Ekwo said the voters’ registration ought to last until 90 days before the 2023 general election. The judge also directed INEC to ensure that eligible Nigerians were not deprived the opportunity to have their voter’s card for the forthcoming...

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Wizkid Wins Afrobeats Artist of the Year at the American Music Awards

EntertainmentLifestyleNewsWizkid Wins Afrobeats Artist of the Year at the American Music Awards

By Ezinwanne Onwuka (Senior Reporter)November 22, 2022

At the 2022 edition of the American Music Awards held at the Microsoft Theater in Los Angeles, California on Sunday night, Wizkid won the Favourite Afrobeats Artist. The Sony Music/RCA artiste was nominated in the category alongside Burna Boy, CKay, Tems, and Fireboy DML. The award for the Favourite R&B Song also went to his Tems-assisted Essence. Essence competed with Beyoncé’s Break my soul, Muni Long’s Hrs and Hrs, Silk Sonic’s Smokin’ out the window,...

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