The Central Bank of Nigeria (CBN) has engaged its agents to fast-track its cash swap policy in states across the nation and has ordered Deposit Money Banks (DMBs) to release the new naira notes to customers including the Point of Sale (POS) operators. The Apex embarked on a sensitization program on Monday 23rd January 2022, to enlighten those in the rural communities on the currency swap programme as part of plans to phase out old naira notes and enhance the collection of new notes.
An Abuja-Kaduna Train reportedly derailed at around 3:20 pm on Friday in the Kubwa Area of the Federal Capital Territory (FCT), just a few minutes away from its destination, Kubwa train station. An anonymous source at the Nigerian Railway Corporation (NRC) confirmed the incident and said the cause is still unknown, adding that train services along that route have been suspended until the issue is resolved.
The Central Bank of Nigeria (CBN) has on Tuesday stated that there is no going back on the January 31st deadline on the phase-out of old naira notes hours after the Senate pleaded for a 6 months extension. CBN Governor, Godwin Emefiele, who spoke at the apex bank’s Monetary Policy Committee meeting in Abuja, stated that Nigerians were given enough time to replace their old notes with new ones.
A coalition of Civil Society Organisations operating under the aegis of Civil Society Coalition for Economic Well-being and Good Governance, on Thursday issued a 78-hour ultimatum to President Muhammadu Buhari to end fuel scarcity or face mass protest. This was contained in a communique issued by the Coalition after a one-day meeting on Wednesday and made available to journalists on Thursday in Abuja. The communique signed by Mr. Garba Danzi, Chairman; Ayodele Hughes, Secretary-General and two other executives lamented the challenges faced by Nigerians over protracted fuel scarcity across the 36 states of the country and the Federal Capital Territory.
President Muhammadu Buhari arrived Lagos State on Monday afternoon for a two-day official visit to commission the Lekki Deep Seaport, Lagos Rice Mill, Imota, and other projects. The President was received at the Presidential Wing of the Lagos Airport by Lagos State governor, Babajide Sanwo-Olu; other state governors, amongst other dignitaries.
The government of the United Kingdom (UK) has announced that it is set to reduce tariffs on duty-free trade in goods exported from Nigeria with effect from April 2023 which was made known in Lagos by the Deputy British High Commissioner to Nigeria, Mr. Ben Llewellyn-Jones during the launch of the Developing Countries Trading Scheme (DCTS) which is an enhanced trade scheme created by the UK government meant to reduce tariffs on selected goods.
Flights across local and International airports in Nigeria were shut down as Nigerian Aviation Handling Company Plc (NAHCO) embarked on strike on 23rd January 2023 over an increment in salary. It was gathered that passengers were seen stranded outside at the Murtala Muhammed Airport Terminal Two (MMA2) Lagos and the Murtala Muhammed Airport (MMIA) over delayed flights or rescheduled flights. Alex Nwuba, one of the affected passengers stated that NAHCO staff in the early hours of Monday walked out of the international airport, saying they were on strike and will not handle any passengers. “Even the Qatar flight I’m traveling with this morning landed and has returned to Doha as there’s none to handle them,” Nwuba said. He said passengers are frustrated as they have been kept outside to avoid a crisis and no information, announcements, or emails was sent to passengers.
In a bid to contain inflation in the country, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised its benchmark interest rate to 17.5 percent which was disclosed on Tuesday by the CBN Governor, Godwin Emefiele after the Committee’s first meeting of the year at the CBN Headquarters, Abuja.
The National Population Commission (NPC) has announced it is set to commence the 2023 nationwide population census from March 29 to April 2, 2023, which was disclosed to State House correspondents on Friday by the NPC Chairman, Nasir Kwarra shortly after his meeting with President Muhammadu Buhari at the Presidential Villa, Abuja, he added that the Commission would utilize technology to conduct the exercise.
President Muhammadu Buhari has approved the appointment of the Chief Executive Officer (CEO) and Board Members of the newly restructured Ministry of Finance Incorporated (MOFI), which was set up to drive the government’s investment initiatives. This development was made known on Thursday in a statement issued by Yunusa Abdullahi, the Special Adviser, Media and Communications to the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed.