National News
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PHOTO NEWS: Osinbajo attends NLC delegates’ conference
Vice President Yemi Osinbajo on Tuesday attended the 13th National Labour Congress Delegates Conference at the International Conference Centre, Abuja. The NLC is expected to elect a new President after the conference attended by many members of the civil society.
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Banks, schools shut as protest turns to riots in Ogun over scarcity of Naira notes
By Kolawole Olayinka, Abeokuta Banks and schools in Abeokuta, the Ogun State capital, were hurriedly closed on Tuesday as residents in different areas of the state trooped out to protest the scarcity of the new naira notes. Bankers were seen rushing home from their respective banks in Asero, Obantoko, Sapon and Oke-Ilewo, Abeokuta to avoid being caught up with the anger…
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Tinubu appeals to Nigerians for calm over fuel, new Naira notes scarcity
Presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Tinubu has again appealed to Nigerians to remain calm as the government and relevant agencies continue to work out solutions to the fuel and new Naira notes scarcity. Speaking in Abuja on Tuesday, Tinubu said he sympathises with the people especially the downtrodden who have been made to bear the…
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CSO accuses FG, CBN of insensitivity to plight of Nigerians over Naira, fuel scarcity
By Deborah Oladejo, Osogbo Osun Civil Societies Coalition and the Peoples Advocate has condemned the insensitivity of President Muhammadu Buhari and the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefele to the plight of Nigerians as a result of the ongoing scarcity of the Naira and fuel. Addressing journalists at a press conference held at Correspondents’ Chapel…
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Cash scarcity to end in Ogun by Tuesday as Abiodun engages CBN, Bankers’ Committee
By Kolawole Olayinka, Abeokuta Ogun State Governor, Dapo Abiodun, on Monday, paid an unscheduled visit to the Abeokuta branch of the Central Bank of Nigeria (CBN) to seek relief on the amounts that citizens can withdraw in exchange for deposits made in commercial banks. The governor also offered to lend members of his cabinet to monitor cash distribution to banks…
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Tragedy averted as Nigeria Air Force aircraft loses tyres, lands with belly in Lagos
Tragedy was averted at the Murtala Muhammed International Airport on Monday as a Nigerian Air Force aircraft was forced to land with its belly after losing its four tires. Confirming the incident in a statement, NAF Director of Public Relations and Information, Air Commodore Wap Maigida said there was no fatality nor injury. He also added that the Chief of…
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Osinbajo disturbed over difficulty in getting new Naira notes
…seeks humane ways to implement currency change …wants more engagement of FinTechs, mobile money agents in distribution Worried by the difficulty experienced by Nigerians in getting the new naira notes, Vice President Yemi Osinbajo, on Saturday met with some players in the FinTech space, exploring possible ways of mitigating the hardship. Specifically, he urged regulators and the banks to deploy…
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Buhari asks 7 days for major decision on currency redesign
President Muhammadu Buhari Friday urged citizens to give him seven days to resolve the cash crunch that has become a problem across the country from the policy of the Central Bank of Nigeria (CBN) to change high value Naira notes with new ones. Speaking to the Progressive Governors Forum (PGF) who came to the Presidential Villa to seek solutions to…
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Grow FG assets from N18tn to N100tn in 10 years, Buhari charges new MOFI board
President Muhammadu Buhari on Wednesday, charged the Ministry of Finance Incorporated (MOFI) to grow its Assets Under Management from the current value of N18 trillion to at least N100 trillion in the next 10 years. President Buhari gave the charge at the launch of the new MOFI and inauguration of the Governing Council and Board of Directors of the body…
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PHOTO NEWS: Buhari inaugurates Board of Ministry of Finance Incorporated
President Muhammadu Buhari on Wednesday presided over the Federal Executive Council (FEC) meeting and inaugurated the Governing Council and the Board of Directors of the Ministry of Finance Incorporated (MOFI). At the inauguration were Minister of Finance, Zainab Ahmed, CEO MOFI, Dr. Armstrong Takang, Minister of State Finance, Budget and National Planning, Clem Agba and Board Chairman, Dr. Shamsudeen Usman…
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