Author: Amina Mohammed

The Central Bank of Nigeria has reaffirmed the validity of the old N1000, N500, and N200 banknotes as legal tender, clarifying misinformation circulating about their status. In a statement signed by Mrs Hakama Sidi-Ali, the Acting Director of Corporate Communications, on Friday, the apex bank confirmed that the Supreme Court ruling of November 29, 2023, permits the indefinite circulation of both old and new designs of these denominations. The CBN stressed that all versions of the naira, old and redesigned N1000, N500, and N200 notes, as well as commemorative and previous designs of the N100 note, remain valid for transactions.…

A total sum of ₦1.727 trillion, being November 2024 Federation Accounts Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in Abuja. This was disclosed in a statement signed by FAAC Director of Press and Public Relations, Bawa Mokwa, on Friday. He noted that the N1.727 trillion total distributable revenue comprised distributable statutory revenue of N455.354 billion, distributable Value Added Tax (VAT) revenue of N585.700 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.046 billion and Exchange Difference…

The Vice President, Kashim Shettima has inaugurated the National Economic Council (NEC) Ad Hoc Committee on National Electrification and NEC Ad Hoc Committee on Polio Eradication. Inaugurated at the Presidential Villa, Abuja on Thursday, he said there is no way Nigeria can dream of meaningful national economic development, without addressing the power sector crisis and ensuring Nigerians have access to electricity and other affordable energy. He urged leaders in the country to rise above differences to confront the power sector crisis and become part of the reincarnation of Nigeria as an industrialised nation. Shettima referred to countries with similar challenges…

The Marhai Forest Reserve in Nasarawa State has been upgraded to a National Park following the Federal Government’s takeover of its management. This was revealed in a press statement issued on Friday and signed by the Director of the Press and Public Relations Unit at the Federal Ministry of Environment, Ibrahim Haruna. The statement noted that the Minister of Environment, Balarabe Lawal, described the takeover as a significant milestone in the efforts of the Renewed Hope Agenda towards sustainable development. Lawal further explained that this step demonstrates a practical form of cooperative federalism, where both sub-national and federal governments work…

President Bola Tinubu has appointed Nwakuche Ndidi as the Acting Controller-General of the Nigerian Correctional Service. His appointment follows the expiration of the tenure of the current CG, Haliru Nababa. Nababa was appointed by former President Muhammadu Buhari on February 18, 2021. In a statement on Friday, the Secretary of the Civil Defence, Correctional, Fire, and Immigration Board, Ja’afaru Ahmed, said Ndidi’s appointment takes effect from December 15, 2024. Ahmed stated, “The President and Commander-in-Chief of the Armed Forces, Bola Ahmed Tinubu, GCFR, has graciously approved the appointment of Nwakuche Sylvester Ndidi as Acting Controller-General of the Nigerian Correctional Service…

The Adamawa State House of Assembly has denied claims that its newly passed law for the creation of additional chiefdoms is designed to remove the Lamido of Adamawa as chairman of the state’s traditional council. Addressing journalists on Friday, the Chairman of the House Committee on Information, Alhaji Musa Mahmud, representing Mayo-Belwa Constituency, dismissed the allegations as baseless and rooted in ignorance of the law’s provisions. He said, “Section 17 stated that there shall be Adamawa State Council of Chiefs with areas of jurisdiction and authority. “Section 18 stated: The council shall consist of the following members second class chiefs,…

The Federal High Court in Abuja on Friday granted bail to the immediate past governor of Kogi State, Yahaya Bello, in the sum of ₦500 million with two sureties. Justice Emeka Nwite, the trial judge, stated that bail is granted at the court’s discretion while delivering the ruling. Stay tuned…

The Lagos State Government has expressed its readiness to get a brand-new Building Code next year, to achieve the high-performance standards needed to make Lagos a sustainable and Smart City. The government’s readiness was disclosed at the Lagos State Executive Council Retreat on the Domestication of the Lagos Building Code, organised by the Office of the Special Adviser on e-GIS and Urban Development, held at Ikeja GRA on Wednesday. Speaking during the retreat, Lagos State Governor, Babajide Sanwo-Olu emphasised the need for more collaboration among all the ministries and agencies in the built sector, to ensure the state development in…

Manchester City posted record revenues for a Premier League club last season as the champions’ income increased to £715 million ($903 million). As City marched to an unprecedented fourth successive Premier League title last term, their revenue rose from £712.8million to the new record mark for the year to June 30. However, profits dipped from £80.4 million in City’s treble-winning 2022-23 campaign to £73.8 million last season. They experienced a drop in broadcast income due to Pep Guardiola’s side failing to repeat their run to win a first Champions League crown in 2023. City’s current investments include a £300 million…

The All Progressives Congress in Ekiti State has described the approval by the Nigeria Civil Aviation Authority of unscheduled flight operations for Ekiti Agro-Allied International Cargo Airport in Ado Ekiti as good news that cannot have come at any better time. The state APC Publicity Secretary, Segun Dipe, lauded the State Governor, Biodun Oyebanji, for the development, describing him as a promise-keeper. The Special Adviser to the Governor on Media, Yinka Oyebode, had, in a statement on Thursday, disclosed the NCAA approval for non-scheduled operations under Visual Flight Rules at the airport for a period of six months- December 15,…