Author: Chief Editor

The Governor of the Central Bank of Nigeria (CBN) has described as fake news a report that he had launched a fresh plot against the president-elect, Mr. Bola Ahmed Tinubu.Emefiele, in a statement signed by the Acting Director, Corporate Communications, CBN, Isa Abdulmumin, titled: “Re- Emefiele launches fresh plot against President-elect Tinubu,” made available to THISDAY, also denied the allegation in the report that he made certain amount of money available to the gubernatorial candidate of Labour Party in Lagos State, Gbadebo Rhodes-Vivour.The statement explained: “The attention of the CBN has been drawn to a story published in The Nation…

Anambra State governor Chukwuma Soludo said the Central Bank of Nigeria (CBN) has directed banks to dispense old naira notes. Soludo said CBN governor Godwin Emefiele made the disclosure to him in a phone conversation on Sunday night. “Commercial banks have been directed by the Central Bank to dispense old currency notes and to also receive same as deposits from customers,” Soludo said. “Tellers at the commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.” Soludo, a former CBN governor said Emefiele gave…

• Coalition backs North-Central Senate presidencyBarring any last-minute change, the leadership of the ruling All Progressives Congress (APC) will meet with the President-elect, Asiwaju Bola Tinubu; his running mate, Senator Kashim Shettima; senators-elect and members of the House of Representatives-elect on its platform, today at the Presidential Villa, Abuja. This was disclosed by the APC National Secretary, Senator Iyiola Omisore, in an invitation sent to Tinubu, Shettima and the lawmakers-elect.NextStay The guests were also urged to come alone and with the Certificates of Return issued to them by the Independent National Electoral Commission (INEC) after they were declared winners in…

Professor Chidi Odinkalu, a former Chairman of National Human Rights Commission (NHRC), has described Vice President Yemi Osinbajo as the oasis of thoughtful competence who refused to brook privileged lawlessness that characterizes President Muhammadu Buhari’s regime since 2015. Odinkalu noted that as the Buhari regime quickly descended into a misadventure, Osinbajo proved to be the epitome of competence who, when entrusted with responsibilities delivered capable leadership with clear results. In an op-ed in Law and Society magazine, Odinkalu writes “As the Buhari presidency quickly descended into a misadventure, Osinbajo proved to be the one oasis of thoughtful competence. On the…

Ahead of Saturday’s governorship and House of Assembly elections, the two political actors in Rivers State, Governor Nyesom Wike and former Minister of Transportation and a leader of the All Progressives Congress (APC) in state, Chibuike Amaechi, have resumed their rivalry. This time, the duo are jostling for votes from the Igbo community of the state. Amaechi had earlier met with the community during a stakeholders meeting in Port Harcourt, assuring them that their properties, including houses lost during the civil war between 1967-1970, would be given back to them if they vote right. He noted that if the Igbo, who left their properties in Lagos and in the North got them…

• NECA says small businesses going into extinction• NLC: Govt undermining productivity• CPPE calls on Buhari to intervene• Food factories shutdown, lose billions• We use our wages to buy money for transport fare, say factory workers The inability of many Nigerians to access cash for daily activities is beginning to impact livelihoods and productivity in the real sector negatively while pushing many businesses in the informal sector to the edge. Already, employers are witnessing rising cases of absenteeism from members of staff, especially low cadre workers, owing to their inability to access cash for transportation. Factories are also experiencing a reduction…

• As coalition urges PDP leaders not to set Nigeria ablaze with unguarded statements The All Progressives Congress (APC) has constituted a 13-man legal team to defend the mandate of the president-elect, Asiwaju Bola Tinubu. The National Legal Adviser of the party, Ahmad El-Marzuq, in a statement Tuesday, said the team comprised legal luminaries with vast experience in election petition matters, constitutional law and litigation. The party noted that the legal team consisting of 12 Senior Advocates of Nigeria (SANs) and the National Legal Adviser of the party would be led by Lateef Fagbemi (SAN), a renowned lawyer who has successfully…

Labour Party chairman Julius Abure has dissolved the executive council of the party in Rivers State. Abure in a statement said the council was dissolved for gross anti-party activities and corruption in the management of Labour Party funds. The party’s action comes a few hours after the state council endorsed the Peoples’ Democratic Party (PDP) governorship candidate, Sim Fubara, for the Saturday, March 11 election. The Labour Party noted that it is in its interest and that of “the Obidient movement in Rivers State that those who were at the helm of affairs in Rivers State when our presidential mandate was…

Africa’s drive to transform its agriculture and become a foodbasket continues to receive strong global support, with development partners agreeing to commit more than $50 billion to the plan, barely two months after its launch. Development partners have agreed to commit more than 50 billion dollars to Africa’s drive to transform its agricultural sector and become a breadbasket. In a statement issued on African Development Bank’s (AfDB) website, the global support came barely two months after the program’s inauguration. According to the statement, political leaders on the continent have resolved to work tirelessly with international partners on compacts that will…

Stakeholders in the energy sector have expressed divergent views on the Supreme Court judgment over extension of the use of old Naira notes till Dec. 31. They expressed their different views in separate interviews with the News Agency of Nigeria (NAN) on Saturday in Lagos. NAN reports that the Supreme Court on Friday ordered that the old N200, N500, N1,000 notes remain legal tender and would be in circulation till Dec. 31. The apex court also nullified the Federal Government’s Naira Redesign Policy, declaring it as an affront to the 1999 Constitution. Mr Emmanuel Iheanacho, Chairman, Integrated Oil and Gas…