CASH POLICY: ANARCHY LOOMS AS NAIRA NOTES SCARCITY CONTINUES
President Muhammadu Buhari has ordered the extension of the validity of old 200 naira notes by 60 days as a solution to the ongoing cash policy in the country.
The President made the disclosure on Thursday in a nationwide broadcast on the recent implementation of the redesigned naira policy which has led to the scarcity of the notes. He said he has given approval to the CBN that the old N200 bank notes be released back into circulation.
The Supreme Court has declared that Nigeria’s old naira notes are still legal tenders. The case was brought against the Central Bank of Nigeria (CBN) on the naira redesign policy. On Wednesday, February 15, the court adjourned proceedings until February 22.
Economists have appealed to the CBN to allow customers withdraw 100,000 Naira over the counter. They believe it will help curb the tension in the country.
The Governor of Kaduna state, Nasir El-Rufai has claimed some Federal Government officials are seeking out-of-court settlement over the controversies he believed originated following the currency swap cash policy of the Central Bank of Nigeria.
Recall that the Supreme Court adjourned the suit, filed by state governments to challenge the naira redesign policy of the CBN, till February 22.
Chaos in Edo state as the Governor orders the arrest of his predecessor Adams Oshiomhole. Governor Obaseki accused Oshiomhole of instigating the violence that led to the destruction of banks and the death of about three persons in the state.
2023 PRESIDENTIAL ELECTIONS: POLITICAL PARTIES CONTINUE CAMPAIGNS
Peter Obi, Atiku, others can’t match my track records – Tinubu
Investment and the business sector thrived. Today, Lagos would rank among Africa’s ten largest economies and does not rely on oil revenues to fund its budget,” he said.
Recall that Tinubu has consistently harped on his achievements during his tenure as the governor of Lagos state.
“Take anger to polls”- Peter Obi.
Labour Party’s Peter Obi, has promised that his administration will respect the rule of law if elected. Obi gave the assurance during a town hall meeting, organised by the Imo chapter of the party on Thursday in Owerri. He further reaffirmed his commitment to a new Nigeria that would work for and accommodate everyone, irrespective of religion or tribe.
“My government will work closely with state governments to build uncommon synergy, with the aim of all-inclusive governance for the overall good of all the citizens.
2023 ELECTIONS
Meanwhile, former Nigeria lawmaker Senator Shehu Sani has said the next Nigerian President should emerge through a voting process. “Political power should not be transactional. Sharing money to electorates for votes is not democracy; this is the time to put an end to it”
Governor Wike of Rivers state has dismissed the possibility of an alignment with the Presidential candidate of the PDP. “It was too late to make such a decision,” he remarked.
In the build-up to the 2023 polls, Governor Wike and his cohorts, Samuel Ortom Seyi Makinde, Okezie Ikpeazu, and Ifeanyi Ugwuanyi have been at loggerheads with Atiku over the formation of the party leadership.
All Governors said it was unconstitutional for the leadership of the party and its presidential candidate.
ENTERTAINMENT
Nigerian songs have steadily made their way to a larger audience. The ever-flowing supply of talent, the growth of the local industry, and the diaspora, coupled with sheer determination and ingenuity have combined to propel Afrobeats to an international audience. African Queen by 2baba, Oliver Twist by D banj, Fall by David, Ye and Last last by Burna Boy. Without leaving out Essence by Wizkid and Tems, Calm down by Rema, Love nwantiti by Ckay.
According to Music Star Chris Brown, “we’ve been living with aliens right here on earth for a very long time.” He also admitted to have dated one of the ‘aliens’ in form of a woman. His fans took to Twitter to air their thoughts. Some concluded the “With You” singer was drunk when he made the post while others believed he was just joking.
SPORTS
NPFL side Wikki tourists beat Lobi Stars of Makurdi 2-1 in Bauchi to move up to 8th on the log. Lobi remains in 1st position as the second part of the season in the Nigeria professional football league resumes.
Manchester City has returned to the top of the EPL on goal difference for the first time since November. They displaced the previous leaders, Arsenal, after last night’s 3-1 at the Emirates. Grealish, and De Bruyne Erling Haaland were all on the scoresheet. Both sides are in action again on Saturday as the title race intensifies.
FOREIGN
TURKEY AND SYRIA EARTHQUAKES
In Turkey’s Hatay province, 5 people were rescued including a teen, a mother and her child. Rescuers continue to search for survivors, intensive searching is into its 7th day. The death toll from the Turkey-Syria earthquakes is nearing 42,000. The Syrian government and the United Nations say more than 5,800 people have died in Syria.
Thanks for reading. Kindly drop a comment below.
