Economy Archives - Page 51 of 69

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

04

2023

By Amos Oge Kalu

Ichita urges Ikpeazu to disclose how N27.4 billion World Bank fund was spent in Abia

Abia State, Opinion, Politics2023, Abia State, Crime, Economy, Next Level, Okezie Ikpeazu, Politics

A Principal Officer of the Abia State House of Assembly representing Aba South State Constituency, Martins Ichita has urged Ikpeazu to disclose the banking details of how the state government spent the N27.4 billion. The state government is using the World Bank funds for road construction and erosion control in Aba, Port-Harcourt Road, Uratta Road, Obohia Road, Ohanku Road, and Ngwa Road. However, Ichita said the request for the information is made pursuant to the provisions of the Freedom of Information Act. Ichita made the call in a letter signed by his lawyer, Aloy Ejimakor. The full text of the…

Feb

10

2023

By Amos Oge Kalu

Abia 2023: Limited Cash Flow Forces ACCORD to Postpone Ceremonial Campaign Flag-off

Abia State, Business, Economy, Politics2023, Abia State, Economy, Emeka Nwankpa, Money, Next Level, Nigeria

As the CBN naira-redesign policy takes its adverse toll on the economic and socio-political lives of Nigerians, the Accord Party has postponed the ceremonial campaign flag-off of Bishop Dr Emeka Nwankpa, its governorship candidate. The event, which was earlier scheduled for Saturday, 11 February, 2023, was postponed due to what the party described as the 'current prevailing circumstances' in the country. The news of the last-minute postponement was contained in a press release signed by Dr Tony Agba, the campaign Director General which reads thus: "Postponement of Bishop Emeka Nwankpa's Ceremonial Flag Off This is to inform the general public,…

Feb

02

2023

By Amos Oge Kalu

Atiku Accuses Election Riggers Of Pushing CBN To Extend Use Of Old Naira Notes

Abia State, Economy, Metro, Opinion, Politics2023, Atiku Abubakar, Business, Economy, Metro, Next Level, Nigeria, Opinion, Politics

The Peoples Democratic Party, PDP, presidential candidate, Atiku Abubakar, has called on the Central Bank of Nigeria, CBN, not to postpone the old naira regime deadline after February 10. This was disclosed in a statement issued on Wednesday by the Atiku campaign council. Atiku said vote riggers aim to push the CBN to extend the date till after the 25 February and 11 March general elections to achieve their aims. The former vice president asked the apex bank to immediately examine the measures it has put in place to ensure the circulation of the new naira notes and ease the…