ASHENEWS reports that the Central Bank of Nigeria (CBN) has concluded plans to redesign certain denominations of the country’s currency in order to check its serial abuse. Mr Godwin Emefiele, the CBN Governor, who made this known during a press conference in Abuja on Wednesday, said the apex bank had obtained the approval of President Muhammadu Buhari to redesign N200, N500 and N1,000 notes. According to Emefiele, the process is a discharge of the apex bank’s key function of currency management. “Currency management is the key function of the CBN as enshrined in the CBN Act. The integrity of a…
Author: Newsdesk
Nigeria are out of the 7th FIFA Under-17 Women’s World Cup in India after they lost to Colombia through a penalty shootout on Wednesday at Goa in their semi-final clash. Defender Comfort Folorunso hit her kick against Luisa Agudelo in sudden death to send the South Americans into the final match after both teams had battled to a grim scoreless draw. Just like it happened against the U.S. on Friday, the Flamingos’ coaching crew had thrown in second-choice goalkeeper Linda Jiwuaku for the shootout and relieved the brilliant Faith Omilana. Omilana had virtually kept Nigeria in the tie with five big…
The Federal High Court in Umuahia, Abia state has ordered Nigerian government to return the leader of the Indigenous Peoples of Biafra (IPOB), Nnamdi Kanu to Kenya. as well as pay him N500 million as damages. ASHENEWS reports that Justice E. N. Anyadike on Wednesday insisted that the Nigerian government’s extradition of Kanu from Kenya to the country on June 19, 2021 without recourse to the legal process was a flagrant abuse of his fundamental human rights. The judge ruled that Nigerian government awarded N500 million as damages for the federal government’s ‘abduction and abuse of human rights’, holding also…
Google parent company Alphabet, on Tuesday reported its third-quarter results, with both profit and revenues missing Wall Street estimates as YouTube advertising slowed down. Shares of Alphabet slipped over 5 per cent in the extended trading session. The company reported a third-quarter profit of $13.91 billion, down from last year’s profit of $18.94 billion. Revenues for the quarter gained 6 per cent to $69.09 billion from $65.12 billion last year. Analysts had a consensus revenue estimate of 70.60 billion for the quarter. Google advertising revenues rose to $54.48 billion from $53.13 billion last year, as Google Search revenues increased, while…
Top EU diplomat Josep Borrell and Argentinian Foreign Minister Santiago Cafiero had discussed strengthening supply chains between the bloc and the South American country amid high energy and food prices in Europe. The diplomats discussed the strategic role food and energy production play, according to a statement released after the meeting in Buenos Aires. Argentina’s potential role is a provider of clean energy, food and strategically important raw materials. On Thursday, ministers of foreign affairs from the EU and the Community of Latin American and Caribbean States (CELAC) will take place in Buenos Aires, four years after their previous joint…
The Federal Inland Revenue Service (FIRS) has stated that it has commenced the deduction of taxes at transaction points from Online Gaming Transactions using the Sentinal National Payment Gateway and Electronic Solution. In a Public Notice signed by its Executive Chairman, Muhammad Nami, the Service while directing full compliance by the online gaming community, explained that the Sentinal National Payment Gateway was a transaction processing system that enables Integrated Payment Services Providers to deduct taxes at the points of transaction and immediately remit the tax deducted to the government’s treasury. “The FIRS is automating the administration of tax on online…
By Tina George, Minna ASHENEWS reports that the Leprosy Mission Nigeria on Tuesday, provided prosthetic limbs, wheelchairs and crutches to 28 people with disabilities in Niger state. The aim, according to the Head of Programmes and Operations, Pius Ogbu Sunday is to assist the beneficiaries to regain mobility and self-sufficiency. He explained that the beneficiaries include people who are affected by leprosy and those with other disabilities as a result of accidents and diabetes. “Although TLM addresses the concerns of people affected by leprosy but in the last 10 years, we have decided to develop our strategy to reach out…
The Islamic Development Bank (IsDB) will continue to engage Nigeria on its strategic priorities areas such as economic and social infrastructure, the President of the bank, Dr Muhammad Aljasseer has said. Aljaseer made this known while briefing newsmen while visiting project sites in Kano State on Tuesday. The president, who said that it was his first time visiting Nigeria or sub-saharan Africa, commended the Kano State Agro-Pastoral Development Project (KSADP) for meeting the expectations of the bank, which is the sponsor of the project whose objective is to reduce poverty by strengthening food security in Kano. He said that the…
The Yobe state chapter of All Farmers Association of Nigeria (AFAN) on Wednesday said that 2,790 hectares of farmland in Nguru local government Area of Yobe were destroyed by flood. The chairman, Madu Tandari said in Nguru town that out of this, 1,500 hectares were used for rice cultivation. Tandari said other crops destroyed on the remaining 1,290 hectares of the land include maize, sesame, millet, tomatoes, pepper and bell pepper. “In a rice farm, you can harvest about 50 bags on each hectare, if all conditions are met. “So, you can imagine the magnitude of this disaster,” Tandari said.…
ASHENEWS reports that Nigeria’s Independent National Electoral Commission (INEC) has fixed political parties’ primary elections billed to hold in Imo, Bayelsa and Kogi for March 27 to April 17, 2023. This online platform further gathered that the election umpire fixed November 11, 2023 for the governorship elections in those states. INEC’s National Commissioner and Chairman Information and Voter Education Committee, Festus Okoye said in a statement on Monday, that the Commission approved the timetable at its weekly meeting on Tuesday. “This decision is in fulfillment of the requirement of Section 28(1) of the Electoral Act 2022 which mandates the Commission…