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01/02/2023

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has said banks will continue to accept old naira notes after the stipulated deadline.

Emefiele spoke on Tuesday, January 31, 2023, when he appeared at an interactive session with the house of representatives ad hoc committee on the currency redesign and naira swap policy.

He said the CBN will also accept the old naira from banks after the February 10 deadline.

Emefiele made reference to the CBN act mandates the apex bank to continue to accept old notes after it’s expiration.

Section 20 (3) of the CBN act states: “Notwithstanding sub-sections (1) and (2) of this section, the bank shall have power, if directed to do so by the president and after giving reasonable notice in that behalf, to call in any of its notes or coins on payment of the face value thereof and any note or coin with respect to which a notice has been given under this sub-section, shall, on the expiration of the notice, cease to be legal tender, but, subject to section 22 of this act, shall be redeemed by the bank upon demand

Credit/ intel region

07/01/2023

The Nigerian Security Printing and Minting (NSPM) Plc has explained reasons why redesigned naira notes leave ink when rubbed on white surfaces.

The company, also referred to as The MINT, is responsible for producing the naira, Nigeria’s currency.

In a statement on Friday, January 6, 2022, signed by Ahmed. A. Halilu, its managing director, NSPM said its attention has been drawn to various clips, skits, concerns and comments on diverse platforms regarding the quality of the redesigned notes.

On November 23, the new notes — N200, N500 and N1000 — were launched, and banks began to dispense the redesigned currency denominations on December 15, 2022.

Addressing misconceptions about the quality of the new naira notes, Halilu said they were of the same substrates as the existing ones and passed through the same printing processes and finishing procedures.

“It is, therefore, basically the same as the other notes in circulation,” he explained.

The NSPM managing director also said the new naira notes leave traces of intaglio inks when rubbed on plain white surfaces.

This, he said, was a it’s security feature which makes it easy to identify fake currency.

“It is, however, important to note that new banknotes are generally light when issued, then become heavier in circulation on getting in contact with dirt and moisture,” Halilu added.

“In addition, the second stage of currency printing (intaglio) requires a heavy deposit of special inks with fairly large particles to give a tactile feeling of the portraits as well as other raised prints by way of design.

“One of the properties of intaglio inks is non-solubility in water and ease of transfer (light stain) on plain white materials owing to the size of the particles.

“This is generally a security feature of all banknotes that easily differentiates them from forged or counterfeited notes.”

Halilu further said the best international practices have been deployed in the production of the new naira notes, adding that his agency would continue to ensure that it meets international standards.

“The naira is our legal tender and national symbol. We, therefore, urge Nigerians and other users of the naira banknotes not to su

06/01/2023

The National Association of Nigeria Students (NANS) have lamented the hike in public universities saying it may increase insecurity in the country.

This is coming from the national vice president of the association (for special duties), Suleiman Muhammad-Sarki, who spoke on the fee hike at a news conference in Maiduguri.

According to him, the students’ association is calling for a downward review of the fee, adding that most of the students “can’t afford it.”

The recent hike in registration charges by some Nigerian universities does not come to us as a surprise but as an affront to war against insurgency, banditry and kidnapping.

“Students who are unable to pay the new fee might end up becoming dropouts and this will add to the rising number of youth restiveness in Nigeria.

“[This] may also in return increase the number of insurgents, bandits, and kidnappers.

As a student who paid N30,000 last session, I could not afford to pay N74,000 now expected from the latest increase, and I may be forced to quit studies.”

The unionist urged the government and other stakeholders to intervene to enable indigent students to access quality education.

Earlier, Ahmed Lawan, UNIMAID registrar, announced an upward review of registration fees and other charges.

“The action is as a result of the rising cost of laboratory items, teaching and learning materials,” he said.

Meanwhile, the New Nigeria Peoples Party (NNPP) has tackled President Muhammadu Buhari’s led All Progressive Congress (APC) administration over the recently revised registration fees for undergraduate students by Universities.

NNPP gubernatorial candidate in Jigawa State, Malam Aminu Ibrahim Ringim stated this on Tuesday, January 3, 2022, after presenting flags to the candidates of the Jigawa North West Senatorial zone at Gumel.

He said the APC administration had made life miserable for Nigerian citizens by creating unnecessary poverty through its impoverished policies and programs.

According to him” Universities have increased their registration fees, making it difficult for the poor families to send their children to universities or complete their studies”

06/01/2023

President Muhammadu Buhari is now set to fully participate in the last lap of the presidential campaign of his ruling All Progressives Congress (APC) having flagged off the electioneering in Jos, Plateau state in November, 2022.

Director of Public Affairs and Chief Spokesperson, Tinubu/Shettima Presidential Campaign Council, Festus Keyamo SAN announced this in a statement accompanying the party’s revised campaign schedule issued on Friday, January 6, 2022, in Abuja.

Keyamo who is also the Minister of State, Labour and Employment, disclosed that the president is billed to lead the campaign train in at least 10 states of the Federation while also attending the grand finale in Lagos.

He said; “The Presidential Campaign Council of the All Progressives Congress announces that in its revised Campaign Timetable just released, President Muhammadu Buhari, GCFR, has shown further personal commitment to the cause of the All Progressives Congress and its Presidential flag-bearer, Asiwaju Bola Ahmed Tinubu, in the 2023 Presidential election, by indicating his readiness to be physically present at some of our forthcoming presidential campaign rallies.

“Recall that Mr. President, out of his very busy schedule, had earlier attended the flag-off of the Presidential Campaign in Jos on the 15th of November, 2022. This was also after graciously accepting to be the Chairman of the Presidential Campaign Council of the ruling party.

“In the latest Campaign Time Table released yesterday (5th January, 2023) the President is billed to join the Campaign Train in at least ten States. The States are Adamawa State on the 9th of January; Yobe State on the 10th of January; Sokoto State on the 16th of January; Kwara State on the 17th of January; Ogun State on the 25th of January; Cross Rivers State on the 30th of January; Nassarawa State on the 4th of February; Katsina State on the 6th of February; Imo State on the 14th of February and the Grand Finale in Lagos State on the 18th of February.

“The PCC expresses its profound gratitude to President Buhari, the leader of our great Party, for his sterling and inspirational leadership at this time and for galvanising our teeming members

06/01/2023

The Independent National Electoral Commission (INEC) has again commenced the distribution of Permanent Voters’ Cards (PVCs) to registrants at the 8,809 electoral wards across Nigeria.

The Head of Department, Voter Education and Publicity, of the commission in Rivers State, Mr. Mark Usulor, made this known in a statement issued by the Public Relations Officer (PRO), Mrs. Geraldine Ekelemu, on Thursday, January 5, 2023.

According to Usulor, PVC collection from the Registration Area/Wards will revert to the INEC Local Government offices from January 16 to 22.

He called on those unable to collect their PVCs at the LGA offices of the Commission to take advantage of the new development and do so at the Registration Areas/Wards within the stipulated dates.

He appealed to all stakeholders to provide a peaceful and enabling environment for the Commission staff to successfully carry out the exercise at the 319 Registration Areas/Wards in the state within the stipulated period.

In a similar statement by INEC the National Commissioner, Festus Okoye, the distribution of PVCs will include Saturdays and Sundays.

“The Commission also resolved to devolve PVC collection to the 8,809 Registration Areas/Wards from Friday 6th to Sunday 15th January 2023,” said INEC National Commissioner, Festus Okoye in a statement on Thursday.

“The devolution of PVC collection to the wards commences tomorrow 6th January 2023, and all validly registered voters who are yet to collect their PVCs are encouraged to seize the opportunity of the devolution to the wards to do so.

Credit: intel region

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