I wish I know the real story of the naira redesign narrative. Recall that the CBN had on December 6 announced a new policy limiting over-the-counter cash withdrawals by individuals and corporate entities and asking Nigerians to accept a new reality – that future life would be spent in a cashless society. Then on Wednesday, the amounts were raised following concerns that Nigeria is a cash society and tens of millions of Nigerians are without bank accounts and have no alternative mode of payment for personal needs and petty businesses. The Central Bank has one of the best research departments…
Author: TheStories
The National Assembly (NASS) has postponed the passage of the 2023 budget until Wednesday, December 28th, 2022. The postponement may not be unconnected with Wednesday’s transmission of a supplementary bill of N819.5 billion which the upper chamber is expected to incorporate into the main appropriation budget. Meanwhile, President of the Senate, Ahmad Lawan and Speaker of the House of Representatives, Femi Gbajabiamila had promised that the 2023 budget would be passed on Thursday before the National Assembly (NASS) members went for Christmas and New Year break.
ASHENEWS reports that the Imo State Command of the Nigeria Police has dismissed seven policemen who were arrested in a bank at Umuahia, Abia state on November 8, 2022 for performing illegal duty and conspiring to extort money from an innocent victim. A statement by the spokesperson of the command, CSP Michael Abattam on Thursday, said the policemen were defaulted, tried and found guilty of the charges leveled against them and were summarily dismissed. It also said that the officers were dismissed for the offence of Discreditable Conduct, Corrupt Practices and Leaving Beat and later charged to the Magistrate Court,…
Benue state governor, Samuel Ortom on Thursday, signed the 2023 budget of N179 billion into law. The governor disclosed that the recurrent expenditure was pegged at N106 billion while capital expenditure was N73 billion. He appreciated the state assembly for passing the budget speedily, stressing that he was grateful to them. “We have no other business than to serve the people and whatever we do is for the good of the people. “I have assented to the appropriation bill to make it a law,” Ortom said. Earlier, the Deputy Speaker, Mr Christopher Adaji said that the assembly was making laws for…
“Within the weeks in focus, the Nigerian troops recovered 20 AK47 rifles, two G3 rifles, five FN rifles, two QJC guns, one gun truck, 2,411 rounds of 7.62mm special, 143 belted rounds of 7.62mm NATO, one barreta pistol, 26 AK47 magazines, four bandoliers, four 36 hand grenades, among others.” ASHENEWS reports that the Troops of Operation Hadin Kai (OPHK) also eliminated 103 Boko Haram/Islamic State of West Africa State Province (ISWAP) in the past three weeks in the Northeast of the country. The troops also apprehended 22 terrorists including four commanders and 18 collaborators within the theatre during the period,…
Argentinian World Cup winner, Lionel Messi is planning to play another year for Paris Saint-Germain, French daily Le Parisien reported on Wednesday. The club reached a basic agreement with Jorge Messi, the superstar’s father and agent, on an extension by at least one season of his current contract, set to expire in the summer of 2023. Messi moved to PSG from FC Barcelona in 2021. The Argentinian has repeatedly said he would decide on his future after the World Cup in Qatar. Messi has reportedly also been in talks with MLS franchise Inter Miami as well as being repeatedly linked…
Coup attempts are not uncommon in the tiny West African country, Gambia with a population of 2.5 million. Almost entirely surrounded by Senegal, Gambia is still reeling from over two decades under former president Yahya Jammeh marked by authoritarianism and alleged abuses. However, the Gambian authorities on Wednesday said they foiled a military coup attempt and have arrested four soldiers plotting to overthrow President Adama Barrow’s administration. The Gambian Armed Forces High Command reportedly arrested four soldiers linked to the alleged coup after a military operation on Tuesday and still in pursuit of three other alleged accomplices while investigations are…
“We are shocked by this tragedy, and our hearts are heavy. Our prayers and thoughts are with the victims and their families. This is one tragedy too many, and our party is officially in mourning. This online platform understands that two persons have been confirmed dead, three missing and seven others injured as one of the campaign boats conveying the supporters of the Deputy Senate President, Ovie Omo-Agege capsized along the Warri river in Okerenkoko, in the Warri South West local government area in Delta state. The incident occurred on Tuesday, according to a statement by the Director, Communications and…
The Federal Executive Council (FEC) has approved N13.3 billion to provide group life assurance for 318,319 police officers and men, the Minister of Police Affairs, Maigari Dingyadi has disclosed. Making this known while addressing State House correspondents on the outcome of the Council meeting presided by President Muhammadu Buhari on Wednesday, he said the scheme will cover 318,319 police officers and men for the year 2022-2023. “I submitted one very important memo to the Federal Executive Council, which has to do with the award of contract for the engagement of insurance underwriters and brokers for the coverage of group life…
“When you are talking about vote buying, this is the vote buying; we are using our work for the people to support us. So, people should not bother themselves that people will carry money. We have used Ahoada dualisation and others,” Rivers state governor Nyesom Wike said during the commissioning of the dualised Ahoada-Omoku road in the Ahoada East local government area of the state on Wednesday. ASHENEWS reports the governor also saying that the Peoples Democratic Party (PDP) in the state is not bothered about the concept of enticing voters with money. According to him, the projects executed by…