Supreme Court backs Central Bank in fresh update on both Old Naira Notes and New Naira Notes

Supreme Court backs Central Bank in fresh update on both Old Naira Notes and New Naira Notes

 The Central Bank of Nigeria has directed all banks to continue to issue and accept both the old and the redesigned N200, N500, and N1,000 notes until further notice.

It noted that the old N200, N500, and N1,000 would no longer be withdrawn from circulation from December 31. The apex bank announced this in a statement by its acting Director, Corporate Communications, Ali Sidi Hakama.

The directive was in response to Wednesday’s ruling by the Supreme Court, which lifted the December 31 deadline for the old N200, N500, and N1,000 notes.

The March 3 order followed an earlier move by the CBN, under its former governor, Godwin Emefiele, to withdraw the old N200, N500, and N1,000 notes from circulation in February this year.

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Jalingo Town Surrounded By Bandits, Taraba Hunters Cry Out

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Adamu Dantala, Chairman Taraba Hunters Association, has raised the alarm that over 300 bandits have reportedly surrounded Jalingo, the Taraba State capital. 

He said the bandits came to the state from Zamfara, Bauchi and other states and were responsible for killing and kidnapping in farming communities across the state as well as in some parts of Jalingo metropolis.

Dantala stated further that the bandits killed about 22 hunters and injured many others during a confrontations.

According to him, on Tuesday the bandits, who have suprior weapons, killed 18 hunters in Bali Local Government Area alone. He revealed that though the hunters were very courageous, they lacked sophisticated weapons to fully engage the bandits.

FG economic policies will boost FDI – Enugu gov

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The governor of Enugu State, Peter Mbah, has said that the economic policies of the Federal Government will boost Foreign Direct Investments in the country.

Mbah said this while speaking with journalists following a visit to President Bola Tinubu at the Aso Rock villa in Abu

He said although some of FG’s economic policies such as the removal of fuel subsidy were tough on the citizens in the immediate, they were bold measures for the nation’s troubled economy and would greatly benefit the citizens in the long run.


The governor also said that the Enugu State Government was pushing for the construction of the cargo terminal and completion of the international wing of the Akanu Ibiam International Airport, Enugu, through collaborations with the FG.

Pollution: Reps vow to stop oil firms’ divestiments

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The National Assembly has said it will stop International Oil Companies operating in the Niger Delta from divesting their facilities if they fail to address the negative environmental impacts of their operations in their host communities.

The Chairman, House of Representatives Committee on Host Communities, Dumnamene Dekor, stated this at a two-day Technical Session on the Implementation of Host Communities Development Trusts organized by Space for Change with support from Ford Foundation.

Dekor expressed dismay that since the passage of the Petroleum Industry Act, rather than experiencing a better deal, communities had remained poor and in some cases, worse off.

He said the committee would use the instrumentality of the law to ensure that oil giants operate responsibly.

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