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Naira Redesign: Traders Rejecting Old Notes To Be Prosecuted

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Governor of Ekiti State, Biodun Oyebanji has appealed to residents within the state to accept the old naira notes as means of the transaction and added that any trader and service provider caught rejecting the old notes shall be prosecuted. The governor further urged commercial banks and the Central Bank of Nigeria,(CBN) to make both the old and new notes accessible.

BREAKING: FG Extends The Validity Of Old 200 Naira Note

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President Muhammadu Buhari, in a national broadcast on Thursday morning, extended the validity of the old N200 notes till April 10, 2023. The president addressed the nation following a series of protests across the country on Wednesday over scarcity of new naira notes.

Supreme Court Orders Suspension Of Deadline For Old Naira Notes

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Supreme Court on Wednesday instructed a suspension of the deadline for the swapping of old to new Naira notes by the Central Bank of Nigeria (CBN). The Supreme Court issued an interim injunction restraining the Federal Government from suspending the acceptance of the old Naira notes no the Friday February 10, 2023 deadline. A seven-man panel of the Supreme Court led by Justice John Okoro, in a unanimous ruling, granted an interim injunction restraining the FG, CBN, commercial banks, from implementing the February 10, deadline for the old 200, 500, and 1000 Naira notes to stop being a legal tender.

NLC Halts Strike For 2-Weeks In Imo State

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The Nigeria Labour Congress (NLC) has halted its industrial action for two weeks after embarking on a strike hence disconnecting the electricity supply in Imo State and at its airport, alleging its government interfering in the electoral process of its new executives. The NLC explained that the suspension of the strike was a result of the intervention by highly respected Nigerians from within and outside Imo state and assurances by agents of the state government to make amends. In a statement signed by Joe Ajaero, its president, the union said the industrial action was called off to enable residents to exercise their right to vote on March 18.

NLC Issues 7-Day Ultimatum To FG Over Cash Crunch, Fuel Scarcity

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The Nigeria Labour Congress (NLC) has issued a 7-day ultimatum to the Federal Government to solve the issue of the current menace of cash and fuel scarcity ravaging the nation, hence its workers will embark on a solidarity movement to embark on a sit-at-home protest. The NLC President, Joe Ajero made this declaration on 13th March 2023, while addressing journalists at the Labour House, in Abuja on the outcome of a meeting by the Central Working Committee of the congress. Expressing displeasure the NLC Boss has bemoaned the CBN's cashless policy, which has affected Nigerians negatively, noting that the union has been pushed to the wall.

NDLEA Website Crashes As Recruitment Portal Opens

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The National Drug Law Enforcement Agency (NDLEA) newly launched website has crashed following the commencement of its recruitment exercise. The agency's recruitment process which began on 12th March 2023 was meant to run through a period of 2 weeks, but applicants are unable to access the website for hours now due to internal server errors. When the Director of Media and Advocacy of the agency, Femi Babafemi; was contacted, he confirmed the development but explained that it was due to glitches resulting from traffic on the website.

Naira Redesign: Old Notes Valid Till Dec 31 - Supreme Court

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The supreme court has invalidated the naira redesign policy introduced by the Central Bank of Nigeria (CBN) and further declared the old N200, N500 and N1000 notes legal tender until December 31, 2023. The apex court on Friday nullified the CBN's redesign policy, stating that it was an affront to the 1999 constitution. It added the President’s disobedience of the February 8 order, is a sign of dictatorship.

IPMAN Makes U-Turn On Suspension, Resumes Operation

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) stated that it has called off the suspension notice earlier, on the sales of products sent to its members since issues of contention have been resolved. The spokesman of the IPMAN office in Maiduguri, Borno State, where the suspension notice emanated from, Abdulkadir Mustapha, has confirmed the suspension via a telephone call, “Yes, the suspension notice is confirmed as genuine but we have already resolved the issue and directed all the members to start dispensing fuel since an hour ago.”

Obi Speaks On Redesigned Naira Notes

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Leading presidential candidate of the Labour Party (LP) Peter Obi has urged Nigerians on the need to bear the current pain and inconvenience occasioned by the redesigning of ₦200, ₦500 and ₦1,000 notes, saying the policy would bring significant long-term economic and social benefits if it is sustained.

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