Connect with us

News

CBN insists on Jan 31 deadline for old naira notes

Published

on

 

The Central Bank of Nigeria (CBN) has insisted that the deadline for the old naira notes to remain valid is January 31.

The CBN said this in posts on its social media pages on Saturday.

“Deadline for the return of old series of 200, 500 and 1000 naira notes remains January 31 2023,” the post reads.

The post was accompanied by a video of Godwin Emefiele, governor of the CBN, in which he said there are no plans to shift the deadline.

The video was from a media briefing held on January 24, after the bank’s monetary policy committee (MPC) meeting in Abuja.

“I must say here that unfortunately, I don’t have good news for those who feel that we should shift the deadline,” Emefiele had said.

“My apologies. The reason is because just as the president has said on more than two occasions, and even to people privately, that for us, 90 days — in fact, we feel it’s 100 days — is enough for anybody who has the old currency to deposit the money in the banks.

READ  Gani Adams slams FG over continued closure of Seme border, says it's a disservice to South-West

“And we took every measure to ensure that all the banks were open or remain still open to receive all old currencies; 100 days, we believe is more than adequate.

“We called on the banks and said ‘not only are we requesting you to increase your banking hours so you can receive old currency, but we are also asking you to keep your doors open on Saturdays.

“The banks did not have any reason to even keep their banking halls open on Saturdays, neither did they see the kind of rush that they anticipated. There were normal people who came to deposit money into the banks.

“We do not see any reason to begin to talk about a shift because people could not deposit their old monies into their banks.”

Meanwhile, individuals and groups have called on the CBN to extend the deadline over the unavailability of the new naira notes.

READ  Reps order CBN to suspend cybersecurity levy

But in a statement earlier on Saturday, President Muhammadu Buhari had said the government is aware of reports of long queues at banks, adding that “a number of initiatives by the Central Bank and all commercial banks are underway to speed up distribution of the new notes and do all that is necessary to forestall cash squeeze and chaos”.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Minimum Wage: FG, labour to reconvene next week over negotiation

Published

on

By

 

The Tripartite Committee on Minimum Wage will reconvene on Tuesday, May 23 to further negotiate a reasonable new minimum wage for workers, after the organised labour walked out of the negotiation on May 15.

 

An invitation letter sent to the labour leaders by the chairman of the committee, Bukar Goni, states that the other members of the committee have agreed to shift grounds from the N48,000 proposal which was made on Wednesday.

 

The letter appealed to the labour leaders to speak to their members and attend the reconvened meeting next Tuesday.

 

The organised labour comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have proposed a new minimum wage of N615,000, which is way higher than the N48,000 proposal by the government.

 

The organised private sector, on the other hand, proposed an initial offer of N54,000. After dumping the talks, the labour leaders addressed a press conference where they expressed their anger over the Federal Government’s offer.

READ  CBN sacks boards of Union, Keystone, Polaris and Titan banks

 

They blamed the government and the private sector for the breakdown in negotiation.

 

May 31 Deadline
The Federal Government had failed to present a nationally acceptable minimum wage to Nigerians before the May 1 Labour Day.

The situation has forced labour to be at loggerheads with the government. In the wake of the tussle, the NLC President Joe Ajaero insisted on the N615,000 minimum wage, arguing that the amount was arrived at after an analysis of the economic situation worsened by the hike in the cost of living and the needs of an average Nigerian family of six.

 

Ajaero and labour leaders have given the Federal Government a May 31 deadline to meet their demands.

 

On January 30, Vice President Kashim Shettima inaugurated the 37-member tripartite committee to come up with a new minimum wage.

 

With its membership cutting across federal, and state governments, the private sector, and organised labour, the panel is to recommend a new national minimum wage for the country.

READ  Tribunal to deliver judgment on Rhodes-Vivour, Jandor’s petitions against Sanwo-Olu's victory Monday

 

During the committee’s inauguration, the Vice President urged the members to “speedily” arrive at a resolution and submit their reports early.

 

“This timely submission is crucial to ensure the emergence of a new minimum wage,” Shettima said.

 

The 37-man committee is chaired by the former Head of the Civil Service of the Federation, Goni Aji.

 

With the cost of living rising following the removal of fuel subsidy, calls for a new minimum wage have continued to make headlines in Nigeria.

Continue Reading

News

Police arrest doctor, nurses over missing placenta in Kwara hospital

Published

on

By

 

The police in Kwara State have commenced an investigation into the disappearance of the umbilical cord and placenta of a newborn baby at Government Cottage Hospital, Iloffa in the Oke-Ero Local Government Area of the state.

The mother, identified as Mrs C. Williams, a class teacher at Orota Secondary School, Odo-Owa, was reported to have had the child on Sunday night but was not given the umbilical cord and the placenta by the hospital’s workers.

 

Five of the workers were later arrested in connection with the missing parts and were being detained by the general Investigation unit of the State Criminal Investigation Department of the command in Ilorin.

The suspects detained by the police include a resident doctor, three nurses and a ward attendant at the hospital.

 

It was gathered that the police were invited when efforts to settle the controversy at various levels failed.

 

It was further gathered that it took the efforts of elders of Odo-Owa community to calm some angry youths who suspected foul play and were about to burn down the hospital on Tuesday over the incident.

READ  Reps order CBN to suspend cybersecurity levy

 

Williams, while narrating her ordeal, said that she was rushed to the hospital while experiencing labour pains on Sunday afternoon and gave birth to a baby at about 7 pm the same day.

 

“I was feeling some labour pains on Sunday and I got to the cottage hospital, some minutes past 1 pm on Sunday, and told the nurse I met on duty that I was having contractions; she was the one that attended to me after confirming that I was truly in labour.

 

“She took me into the labour room and asked me to wait because I still had more time. Not quite long after I came, the doctor also came in and instructed the nurse to usher me into the labour room,” she said.

 

She said that after having the baby, the following morning, she was discharged and allowed to go home.

 

She, however, said that the hospital workers gave her a bag containing her items but did not give her the placenta and the umbilical cord of the baby when they asked her to go home.

READ  Continue spending your old notes — Tinubu will change policy if elected, el-Rufai tells Kaduna traders

 

“Although they handed a black nylon bag to me, I discovered that there were two missing items inside the nylon; they are the umbilical cord and the placenta,” she said.

 

Police Public Relations Officer, Ejire-Adeyemi Toun, confirmed the incident, adding that the investigation was ongoing.

 

“The police are investigating the incident and five suspects have been arrested in connection with it,” the PPRO said.

 

Continue Reading

Trending News

Good Morning! Here Are Some Major News Headlines In The Newspapers Today: 2027: PDP members will decide my fate – Atiku

Published

on

By

 

1. Former Vice President, Atiku Abubakar has said members of his party, the Peoples Democratic Party, PDP would decide his fate, come the 2027 general elections. He said it was too early to decide whether he would vie for the presidency in the forthcoming elections.

 

2. A medical doctor and founder of MedContour Services Ltd., Dr Anuoluwapo Adepoju, who conducted a failed plastic surgery that resulted in the death of one Nneka Onwuzuligbo in 2020, has been convicted by the Federal High Court sitting in Lagos.

 

3. No fewer than 200 people have been killed by a dangerous humid heat that has been experienced from the 1st to the 13th of May in Yola, the Adamawa State capital. Unofficial records at the Yola Cemetery Corporation, YCC, located in the Damare area of the capital city, put the death toll from the unusually experienced excessive heat from May 1 to 13, 2024 at 400.

READ  Continue spending your old notes — Tinubu will change policy if elected, el-Rufai tells Kaduna traders

 

4. The Presidential Candidate of the Labour Party in the 2023 election, Peter Obi, has described the judiciary as the biggest danger to democracy in Nigeria. Obi stated that there has been a decline in the judiciary, stressing that the problem of the country is not the Independent National Electoral Commission but the judiciary.

 

5. A tank farm which the Lagos Fire Service said belonged to the Nigerian National Petroleum Company Limited went up in flames in Apapa, Lagos State. A video of the fire incident surfaced on social media on Friday morning. But the NNPCL denied that the incident happened at its depot, saying it was from a pipeline at Honeywell Oil and Gas.

 

6. Operatives of the Department of State Services, on Friday, went on the rampage at the National Assembly Complex, Abuja as they manhandled two senior staff members, John Nnadi of the Senate Committee on Petroleum (Downstream) and Chris Odoh, a Deputy Director.

READ  Good morning! Here Are Some Major News Headlines In The Newspapers Today: Governors give Malami, Emefiele Tuesday ultimatum to obey Supreme Court

 

7. Three children have been rescued from a fire that gutted a storey building on Obi Onuorah Crescent behind Okowe Plaza in Asaba, the Delta State capital. It was reported that a roof and two apartments were razed as property worth millions of naira, lost.

 

8. The Kano State Police Command has confirmed the death of 15 persons from a mosque attack in Gadan village, Gezawa Local Government Area of the state, following a petrol bomb attack on worshippers. A man had on Wednesday allegedly set the mosque after he sprinkled petrol in the mosque and locked its doors, trapping worshippers.

 

9. The Kwara State Police Command, has commenced a discreet investigation into the mysterious disappearance of the umbilical cord and placenta of a newborn baby at Government Cottage Hospital, Iloffa in Oke-Ero Local Government Area of the state last Sunday. Five health workers who are suspects in the matter are currently being detained by the General Investigation Unit of the Criminal Investigation Department of the command in Ilorin.

READ  Gani Adams slams FG over continued closure of Seme border, says it's a disservice to South-West

 

10. The Federal Government, on Friday, announced its stoppage of the issuance of electricity regulatory autonomy to state governments as it commenced a review of the policy. Power Minister, Adebayo Adelabu said it appeared the state governments and other stakeholders had no clear idea yet of what it takes to operate an electricity market.

Continue Reading

Trending News