The Central Bank of Nigeria (CBN) says it is “slowly” phasing out old N200, N500 and N1,000 notes with redesigned ones. Acting CBN Governor, Folashodun Shonubi, made this known on Tuesday after the bank’s Monetary Policy Committee (MPC) meeting in Abuja. The apex bank also raised the Monetary Policy Rate (MPR), which measures interest rate,…

The Federal Capital Territory Administration, (FCTA) has flagged off the auditing of the remittance, of statutory and non-statutory deductions from the payroll of workers, from year 2010 to 2022. This was confirmed in a press statement signed by the director of press of the office of honourable ministers, Anthony Ogunleye on Wednesday at Abuja. According…

The Osun Light Media has Congratulated the spokesperson to Governor Adeleke, Mallam Olawale Rasheed and other newly appointed Special Advisers to the governor. In a congratulatory message signed by the media team on Tuesday stated reads: “With immense pleasure, we write to extend our warmest congratulations to all newly appointed Special Advisers to His Excellency,…

Operatives of the Department of State Services (DSS), on Tuesday, re-arrested suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, after a tussle with officials of the Nigerian Correctional Service (NCS). Emefiele’s re-arrest occurred on the premises of a Federal High Court in Lagos sitting in Ikoyi after Justice Nicholas Oweibo admitted the…

The Governor of Osun state, Senator Ademola Adeleke has appointed 30 Special Advisers to strengthen state governance. This was confirmed in a press statement signed by his spokesperson, Olawale Rasheed and made available to newsmen on Tuesday, at Osogbo, the state capital. Read the full statement: The Governor of Osun state, Senator has appointed 30…

Mildred Okonkwo, the wife of the founder and lead pastor of David Christian Centre (DCC) in Lagos State, Pastor Kingsley Okonkwo, has warned Nigerian men to avoid getting married to any girl who requests transport fare before visiting. The clergywoman disclosed this while delivering a sermon on what intending men should consider before choosing their…

A Federal High Court sitting in Lagos on Tuesday granted the immediate past Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele bail. The court granted Emefiele bail in the sum of N20 million and a surety in like sum. This followed a two-count charge of illegal possession of firearm levelled against him by…

As Hon. Abiodun Bankole OJO, the honorable commissioner for Culture and Tourism resumes his Ministry office at Osun State Government Secretariat in a fun fair atmosphere, assured that Osun tourism is ready for global investors. According to statement signed by his media unit director, noted that the resumption was a fun-filled one as staff and…

By Reno Omokri Make no mistake about it, Nigeria is going through some of the toughest economic times of her existence. We have one of the fastest growing populations on Earth, with a 2.4 annual growth rate, and a spectacularly sluggish economy after eight years of an inept and clannish administration. We are facing an…

The Federal High Court, Lagos has rejected the Federal Government’s claim that it had not received a copy of the bail application filed by the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, in his alleged gun possession trial. In a short ruling on the issue, Justice Nicholas Oweibo held that there was evidence…