Old Naira Notes Will Be Accepted After Deadline – Emefiele

By NewsBits The governor of the Central Bank of Nigeria, Godwin Emefiele has told the House of Representatives on Tuesday that commercial banks in Nigeria will still accept old naira notes from customers after the February 10 deadline. Emefiele stated this while appearing before the ad hoc committee set up by the House on the CBN naira redesign policy, although he did not state how long the expired notes would be admitted by the banks. The Speaker of the House, Femi Gbajabiamila, had accused the CBN governor of breaching Section…

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Supporters, Protesters Gather As Ekweremadu, Wife Appear In UK Court

By NewsBits Nigeria’s former deputy senate president and his wife appeared in a London court on Tuesday ahead of their trial for organ harvesting, but his accused daughter was unable to attend as she is in hospital. Ike Ekweremadu, 60, appeared at the Old Bailey court wearing a grey tracksuit top, speaking only to say “Yes, miss” when asked to confirm his name. He is accused along with his wife Beatrice, daughter Sonia and a doctor of bringing a 21-year-old man from Nigeria to have his kidney removed. Prosecutors said…

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Group Launches App To Track, Recover Over N150 Billion Abandoned Projects In Southeast Zone

…Says Southeast Is Nigeria’s Capital Of Abandoned Projects By Tony Adibe An NGO, Citizens Centre for Integrated Development and Social Rights (CCIDESOR), said it has launched an Abandoned Project (AbP) Application (App) to track, recover and complete over N150 billion abandoned projects discovered in Southeast Zone of Nigeria. The group described the Southeast zone as the “capital of abandoned projects” in Nigeria since the area has more abandoned projects than other geo-political zones in the country, stressing that the development was a classic example of waste and abuse of public…

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Coalition Of CSOs Urges Enugu Governorship Candidates To Prioritise WASH Services

…Says Over 2.37m People Lack Access To Potable, Drinking Water In Enugu By Tony Adibe The Coalition of Civil Society Organisations (CSOs) under the banner of Society for Water and Sanitation (NEWSAN) Enugu State, has advised all governorship candidates for elections to prioritise Water, Sanitation and Hygiene (WASH) services. This advice came as research finding indicated that over 2.37 million people lacked access to potable drinking water in Enugu State while there has been a price hike of over 100 per cent in the past year from water vendors, according…

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AMCON, Lotus Bank Others Join Former Kenya PM Raila Odinga, Leadership Management For Dinner

L-R: Head, Brand Marketing and Communications, Lotus Bank Mr Oluremi Akande; Head, Corporate Communications, Asset Management Corporation of Nigeria (AMCON) Mr Jude Chiedozie Nwauzor and First Counsellor, Kenya High Commission in Nigeria Mr James Nyongesa at the dinner organised by Leadership Newspapers in honour of the visiting former Prime Minister of the Republic of Kenya, Mr Raila Omolo Odinga at Transcorp Hilton, Abuja…. Monday   On Monday, the former Prime Minister (PM) of the Republic of Kenya, Mr Raila Odinga arrived in Nigeria to attend the 14th edition of the…

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Ekweremadu Appears In Court Tuesday After 223-Day Detention

By NewsBits A former Deputy President of the Senate, Chief Ike Ekweremadu, will on Tuesday appear again in court in the United Kingdom where he has been accused of human trafficking. The lawmaker was in June 2022 arrested at Heathrow Airport in London after Staines Police Station received a report from a young man claiming to have been trafficked into the UK. The young man, who made the report shortly after arriving in the UK from Nigeria, also alleged that he was made to undergo some medical tests, none of…

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Police Smash Enugu Armed Robbery Gang, Arrest One, Recover Weapons

By NewsBits The Enugu State Police Command of the Nigerian Police Force has said that it has busted an armed robbery gang and arrested one suspect identified as Chinenye Nwadike aged 32. A statement by the Command’s spokesman, Daniel Ndukwe, on Sunday, said that five firearms and 374 live ammunitions were recovered from the suspect. According to the statement, the suspect was arrested on Friday night by operatives of the command serving in Octopus Squad ‘B’ when they conducted an intelligence-guided sting operation at Diamond Estate axis of Onitsha Road…

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Global Banking & Finance Awards 2022: Fidelity Bank Wins Best SME Bank Nigeria

By NewsBits Fidelity Bank Plc has been announced as the 2022 Best SME Bank in Nigeria by the Global Banking & Finance Review at its Annual Global Banking & Finance Awards which held in London, United K ingdomrecently. Global Banking & Finance Review is the leading online, digital, and print magazine for the banking and financial sector. The website receives over seven million page views each year thanks to its balanced views and informative, independent news centered on the financial sector. The Global Banking & Finance Awards was created to…

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Governor Sanwo-Olu Signs N1.76trn Lagos ‘Budget Of Continuity’ Into Law

By NewsBits Mr Babajide Sanwo-Olu, the Lagos State governor has signed the State’s N1.768 trillion “Budget of Continuity” into law to consolidate development strides of his administration and satisfy the yearnings of the residents. The Governor said the fiscal document not only “aggressively” focus on completing ongoing capital projects, it would also expand intervention programmes and intensify social support to citizens and their means of livelihoods. The budget was assented to at a short ceremony held at the Governor’s Office in Alausa. Sanwo-Olu said the spendings would further demonstrate his…

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Supreme Court Affirms Honeywell’s N5.5billion Indebtedness To Ecobank

By NewsBits In what will go down the financial history book in Nigeria, Ecobank on Friday recorded a major victory at the Supreme Court when the bank won a N5.5 billion debt dispute against Honeywell and its sister firms, Anchorage Leisures Limited, and Siloam Global Limited. The Supreme Court had dismissed an appeal by Honeywell Flour Mills Limited challenging the judgement of the Court of Appeal in the debt dispute with Ecobank Nigeria Limited. The five-member panel of the Supreme Court, led by Tijjani Abubakar, delivered the judgement that Honeywell,…

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