Economy Archives - Page 67 of 95

Mar

13

2023

Governors give Malami, Emefiele Tuesday ultimatum to obey Supreme Court

Economy, Lifestyle, Metro, Opinion, Politics2023, Abubakar Malami, Economy, Emefiele, Lifestyle, Metro, Next Level, Nigeria, Opinion, Politics

Wodu and Raphael Ede State governments, which sued the Federal Government on the naira redesign policy, have given the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, and the Central Bank of Nigeria Governor, Godwin Emefiele, till Tuesday to comply with the order of the Supreme Court on the currency. The state governments threatened to file contempt charges against the two top officials on Tuesday should they fail to obey the apex court which ordered that the old N1,000, N500, and N200 should be in circulation alongside the new notes till December 31, 2023. Over one week…

Mar

11

2023

By Amos Oge Kalu

Naira Redesign: Kogi govt orders arrest of persons, businesses rejecting old naira notes

Business, Economy, Lifestyle, Metro, PoliticsBusiness, Economy, Metro, Next Level, Nigeria, Politics, Yahaya Bello

The Kogi State Government on Friday ordered the arrest and prosecution of individuals and businesses rejecting the old naira notes. A statement by Commissioner for Information, Kingsley Fanwo congratulated Nigerians on the “historic ruling of the Supreme Court”. The apex court last week ruled that both the old and new naira notes remain legal tenders until December 31, 2023. Fanwo explained that the Yahaya Bello administration joined other states to pursue the case to ease the hardship occasioned by the unavailability of cash. He said it was unacceptable that some persons and businesses continue to reject the old notes, even…

Mar

07

2023

By Amos Oge Kalu

My Resolve To Contest, Rescue Abia, A Prophetic Mandate – Bishop Nwankpa

Abia State, Amos Oge Kalu, Economy, Metro, Opinion, Politics2023, Abia State, ACCORD, Emeka Nwankpa, Metro, Next Level, Nigeria, Opinion, Politics

The Senior Pastor at Chapel Of Faith International Ministry and Governorship candidate of ACCORD in the 11th March 2023 gubernatorial contest to rescue citizens of Abia State, Amb. Bishop Dr. Emeka Michael Nwankpa, has reassured his teeming supporters that his appearance in the fight for the soul of Abia after long epochs of stagnation and backwardness is a prophet and spiritual exercise that must be treated with the urgency of now, insisting that God ordained it at this point because when the righteous is on the throne, the people will rejoice. "I have said it time without number that I…

Feb

27

2023

By Amos Oge Kalu

Presidential election: Lagos residents, business owners panic

Economy, Metro, News, Politics2023, Metro, Next Level, Nigeria, Politics, Security

Nigerians living in Lagos State are anxious as they anticipate the final outcome of Saturday’s presidential and National Assembly elections. The top contenders are Bola Tinubu of the All Progressives Congress, APC; Atiku Abubakar, Peoples Democratic Party, PDP, and Peter Obi, Labour Party. The Independent National Electoral Commission, INEC, commenced the national coalition Sunday evening in Abuja, after postponing the time initially scheduled. Eyes are on the venue, International Conference Centre, where the presidential election winner will be announced after the totalling of results from the 176,846 polling units in 774 local government areas. In Lagos, the contest was between…

Feb

17

2023

By Amos Oge Kalu

Cash Crunch: Compel APC Leaders to Release Hoarded Naira Notes, PDP Tasks Buhari

Economy, Lifestyle, Opinion, Politics2023, Abia State, All Progressives Congress, Mohammadu Buhari, Next Level, Nigeria, Peoples Democratic Party, Politics

Press Statement The Peoples Democratic Party (PDP) urges President Muhammadu Buhari to assuage the pain and anguish being experience by Nigerians over the current cash crunch in the country by demanding that leaders of the All Progressives Congress (APC) including its Presidential Candidate and governors immediately release the hundreds of billions of new Naira notes reportedly intercepted and hoarded by them for vote buying purposes. It is instructive to note that Mr. President in his address to the nation earlier today, acknowledged that the Naira redesign and swap policies are programmes of the APC administration which is also completely in…