ALTON: Telcos Commences Implementation of Harmonized Short Codes

The Association of Licensed Telecoms Operators of Nigeria (ALTON) has announced that telecommunications providers have commenced the harmonization of short codes across all networks. This was made known on Tuesday by the ALTON Chairman, Gbenga Adebayo, adding that the development is in line with the regulatory modernization initiative of the Nigerian Communications Commission (NCC).

CBN Debunks Plan To Shut Down Financial Transaction

The Central Bank of Nigeria (CBN) has denied rumors making rounds of shutting down its financial transactions from 23rd to 27th February 2023 to avoid vote buying ahead of the forthcoming general elections. The statement below went viral on WhatsApp at the beginning, claiming that the apex bank is planning on halting all electronic bank networks between Thursday and Monday in order to prevent electoral malpractices. Titled, “Special Report” the message read, “CBN PLANS TO SHUT DOWN FINANCIAL TRANSACTION FROM THURSDAY 23 OF FEBRUARY TILL 27TH OF FEBRUARY...GO AND STOCK YOUR HOME….

Buhari Pleads A Duty-Free Market Access For LDCs

President of Nigeria, Muhammadu Buhari has pleaded with developed and developing nations to provide duty-free and quota-free market access to products originating in the world’s 46 least-developed countries (LDCs) so as to ensure their inclusion in regional and global value chains.

Naira Redesign: Supreme Court Maintains Stance On Old Naira Note, Adjourns Case Till March

The Supreme Court on Wednesday 22nd of February insisted that the old Naira notes remain the country's legal tender pending when the final judgement will be delivered by March 3, 2023. It can be recalled that on February 8, the apex court ordered the suspension of the deadline issued by the Central Bank of Nigeria (CBN) on the circulation of the old naira notes, after some governors were against the CBN's policy.

Old Naira Notes: Business Owners, Churches Refuse Old Currency As Legal Tender In Kaduna

Businessmen, landlords, and several others have refused to accept old Naira notes in Kaduna. Also, various churches across Kaduna state on Sunday refused to accept old notes for offerings and tithes.

NNPCL: 1.8Bn Litres Of Fuel Available For February, March

The Nigerian National Petroleum Company Limited (NNPCL) stated that it has about 1.8 billion litres of Premium Motor Spirit (PMS), also known as fuel, to supply across the country from mid-February to March. This was made known on Monday in a statement by the company’s Chief Corporate Communications Officer, Garba Muhammad.

Buhari Departs For Qatar

President Muhammadu Buhari has departed for Doha, Qatar to attend the Fifth (5th) United Nations Conference on the Least Developed Countries (LCDs). The once-in-a-decade summit will be held from March 5th to 9th, 2023, under the theme, ‘From Potential to Prosperity’.

eNaira: Only Eight Percent Of Wallet Used Due To Slow Adoptation - IMF

The International Monetary Fund has disclosed that since its launch in 2021, the usage of the eNaira in Nigeria’s digital currency has refused to pick up, According to the fund, only about eight percent of eNaira wallets are in use, with an average transaction value of N53,000. It stated that as of November 2022, total eNaira wallet downloads amounted to 942,000.

Fire Engulfs Popular Maiduguri Monday Market

An early morning fire on Sunday engulfed the popular Monday Market in Maiduguri, Borno State, destroying properties worth millions of naira. Eyewitnesses suggest that the fire started at around 2 am on Sunday morning and no life was recorded lost as a result of the tragic incident.

CBN Debunks News Directing Commercial Banks To Accept Old Naira Notes

The Central Bank of Nigeria (CBN) has debunked news making round on social media and other news outlets, claiming the apex bank ordered commercial banks to accept old 500, 1,000 naira notes from customers as deposits.
In a counter statement made available and signed by the Director, Corporate Communications Department of CBN, Osita Nwanisobi, stated that the public should disregard the news as it is "fake news". This is followed after the redesigned naira notes struggles to circulate among the masses as the Federal government introduces a cashless policy. Nigerians in the early hours of 17th February 2023 stormed the CBN offices as they made their way to deposit their old notes.