Month: February 2023

Breaking: Old Naira Notes, No Extension Beyond Feb. 10—CBN

JUSTINA EMMANUEL OKPARA

After days of suspense surrounding the legality of old naira notes, the Central Bank of Nigeria (CBN) has declared that the February 10 deadline earlier given for the notes to cease from being legal tender remains. CBN Governor, Mr Godwin Emefiele, ruled out extension today in Abuja when he briefed ambassadors of foreign nations and diplomats in Nigeria about the apex bank’s monetary policy and issues thrown up by the currency redesign. Details later

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INEC Rules Out Elections In 240 polling units

JUSTINA EMMANUEL OKPARA

The Independent National Electoral Commission (INEC) has said this year’s elections will not hold in 240 polling units in 28 states and Abuja, the Federal Capital Territory (FCT). INEC Chairman, Prof. Mahmoud Yakubu, at a meeting with leaders of the 18 registered political parties on Monday, explained that Imo and Taraba states have the highest number with 34 and 38 of such polling units, respectively. Prof. Yakubu disclosed that the reason was because no new registrants chose the affected polling units and no voters indicated interest to transfer to them…

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