Abia State Government has ordered the immediate use of the old N500 and N1000 notes as legal tender following the ruling of the Supreme Court of Nigeria on March 3rd, 2023. The Supreme Court ruled in a suit filed by the State Governors of Kaduna, Kogi, and Zamfara States that the Naira redesign policy was…
Ten commercial banks in Nigeria have lost N87.4 billion in market value within a week of trading activities from 2nd March 2023 to 10th March 2023 on the Nigerian Exchange. This is happening amid the difficulties that Nigerians face in accessing cash, and bank branches are shutting down earlier than usual due to fear of…
Some state governments are planning to initiate contempt proceedings against the federal government and the Central Bank of Nigeria (CBN) over their non-compliance with the Supreme Court judgments on the naira redesign policy. Last week, the supreme court ruled that the old N200, N500, and N1,000 notes remain legal tender till the end of 2023.
The presidential candidate of the Labour Party, Peter Obi, says the peaceful coexistence of Nigeria will not be sacrificed in his quest to become the country’s president. Peter Obi said this in reaction to a viral statement in which he was quoted as saying that he never lost an election; that he would fight and “bleed to death until”…
Labour Party (LP) has threatened to protest at the offices of the Independent National Electoral Commission (INEC) nationwide over the Commission’s failure to allow it to inspect materials used for the presidential election of February 25th, 2023. The party’s presidential candidate Peter Obi had sought an order from the Court of Appeal to prevent INEC…