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  Naira redesign: CBN insists it followed due process   29th October 2022 Governor of Central Bank of Nigeria, Godwin Emefiele By   Nike Popoola In an apparent response to claims by the Minister of Finance, Budget and National Planning, Zainab Ahmad, that her ministry was not carried along by the Central Bank of Nigeria, in the ongoing process of redesigning three series of the naira, the bank insists it followed the law and due process to carry out the exercise, which is 12 years due. According to a statement from the CBN, the spokesman of the bank, Mr Osita Nwanisobi,  expressed surprise at the minister’s claim , stressing that the CBN remains a very thorough institution that follows due process in its policy actions.   According to Nwanisobi, the management of the CBN,  in line with provisions of  s ection 2(b), section 18(a), and section 19 (a)(b)  of the CBN Act 2007,  had duly sought  and obtained the approval of the President...

  Nigeria can’t keep borrowing to fund agencies with duplicated functions —Reps . Abuja—The House of Representatives has said yesterday that Nigeria’s high debt profile was consequent upon loans obtained to fund government agencies with duplicated functions. . The Green Chamber contended that since the practice was counter-productive, it would not condone it any longer. Chairman of the Adhoc committee of the House set up to review the duplication of government agencies, Victor Danzaria, raised the concern at a session of the panel with the Director-General of Administrative State College of Nigeria, ASCON, Mrs Cecilia Gayya. Speaking at the meeting that also had the Public Service Institute of Nigeria, PSIN, and DG, Centre for Black and African Arts and Civilization, Olueabunmi Amao, Danzaria said the country had had to pay so much on agencies with overlapping functions. He said: “Counter productivity of established agencies is a fact that a lot of agencies led to a lot of loans we...

  Terror alert: FG dismisses threat as U.S. evacuates workers, families from FCT By  Odita Sunday, Terhemba Daka and Ernest Nzor (Abuja) 27 October 2022   |   4:16 am Lai Mohammed. Photo/facebook/FMICNigeria • We won’t be stampeded by travel advisory – FG • U.S. issues alert on terror attack in South Africa • Don’t trivialise terror alert, political parties warn • No cause for alarm, intelligence community allay fears • Nigeria not safer than before, HURIWA replies Mohammed Barely 48 hours after it issued travel advisory to its citizens of possible terror attacks in the Federal Capital Territory (FCT), the United States government, yesterday, granted authorised departure status to U.S. citizens in Abuja, permitting voluntary departure of family members and certain employees of its embassy in Abuja due to heightened risk of terrorist attacks.   This latest security notice by the U.S. Consulate came amid assurances by government and security agencies of no cause f...

  Send relief materials to flood victims in Niger Delta – NDDC, MNDA urged October 25, 2022 . A pro-development Niger Delta group, the Niger Delta Network has called on the Niger Delta Development Commission (NDDC) and the Ministry of Niger Delta Affairs to make available relief materials for flood victims in the region. In a communique issued at its enlarged meeting in Port Harcourt, Rivers state last Sunday and signed by its Acting Secretary General and Director of Public Communications, Eric Igbinokpogie Esq and Dr. John Douglas respectively, the group said that as an interventionist agency and its supervising government agency, both the NDDC and MNDA respectively should ensure the setting up of proper camps for internally displaced persons. The meeting which deliberated on the state of the region and effort on the part of government at ameliorating the sufferings of the people of the Niger Delta, also had the group urging critical stakeholders in the region to give maximum supp...

Nigeria will break up if APC wins – Obaseki …Says APC has destroyed the country By Nwafor Sunday The Governor of Edo State, Godwin Obaseki, has advised Nigerians to vote for the candidate of the Peoples Democratic Party, PDP, Alhaji Atiku Abubakar come 2023 presidential election. Obaseki disclosed this at the inauguration of the Edo State Peoples Democratic Party’s Campaign Council in the state. He emphatically noted that Nigeria would break up if the candidate of the All Progressive Congress, APC, Bola Ahmed Tinubu, wins the election. Why giving reasons Nigerians should vote for his party candidate, Obaseki said that APC has plunged Nigeria to debt. He stated that Nigeria’s debt is going to about sixty trillion, (60 trillion).  He warned that Nigerians should not make the mistake of voting Tinubu, noting that APC has destroyed the country. His words: “I believe that this will be an easy election for us if we campaign right, because honestly, our heads should be examined as citizen...

  Army preparing to end activities of terrorists in Nigeria – COAS Abimbola Tunmise The Nigerian Army says it is adopting new methods and techniques to ensure total defeat of adversaries and other criminal elements who have been undermining the sovereignty of Nigeria. Chief of Army Staff, Lieutenant-General Faruk Yahaya said this during Exercise Camp Highland, which is the final training for Cadets Regular Course 69 in Kachia, Kaduna State, Northwest Nigeria that climaxed with the Battle Inoculation for passing out cadets at the Nigerian Defence Academy, NDA. The exercise, besides building skills and competence, is also to expose cadets to real live battle situations. NDA Commandant, Major-General Ibrahim Yusuf explained that additional courses were introduced in order to build cadets’ capacity for the task ahead. Nigeria’s Army Chief commended the Academy for sustaining training over the years, and explained that the Army will continue to review the institution’s curriculum to mee...