- CBN announces the indefinite use of old naira banknotes as legal tender
- Atiku dons proposes the merge of opposition parties to combat APC
- “We inherited serious liabilities from our predecessors,” — Tinubu laments
- Senate considers the privatisation of NIPOST due to poorly generated revenue
- The First Lady of Nigeria disburses ₦250k each to 1,709 Armed Forces widows and orphans
Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss.
CBN announces the indefinite use of old naira banknotes as legal tender
The Central Bank of Nigeria (CBN) has ruled that the old design naira banknotes will remain recognised as legal tender in Nigeria indefinitely.
This means the old design ₦200, ₦500, and ₦1,000 notes are acceptable indefinitely within any establishment in the Nigerian territory.
The CBN statement came at a time when rumours about the country no longer using the old design banknotes were beginning to spread panic in the hearts of Nigerians.
Atiku proposes the merge of opposition parties to combat APC
The presidential candidate in the 2023 elections, Abubakar Atiku, has proposed merging opposition political parties and creating a stronger adversary that will go against the incumbent ruling party—The All Progressives Party (APC).
Atiku, who belonged to the People’s Democratic Party (PDP), aired this opinion at the Inter-Party Advisory Council (IPAC) in Abuja on November 14.
“I emphasised the importance of protecting our democracy. I expressed concern over the APC’s actions, leading Nigeria towards a one-party dictatorship. I urged IPAC, led by Yabagi Sani, to rally opposition parties to form a stronger front against this threat,” he said.
“We inherited serious liabilities from our predecessors,” — Tinubu laments
The president of Nigeria, Bola Tinubu, has lamented the state of things he inherited from the previous presidents of Nigeria.
He made this statement in Mecca, Saudi Arabia, as he claimed that Nigeria, the most populated black country in the world, had too many deficits in its infrastructure, and this had become a burden for him to repair.
The President negotiated deals worth billions of dollars with the Islamic Development Bank to fund infrastructure projects at the federal and subnational levels.
Senate considers the privatisation of NIPOST due to poorly generated revenue
On November 14, the Senate discussed the poor revenue generated by the Nigerian Postal Service (NIPOST) and considered the full privatisation of the firm should the agency continue not to meet standards.
The NIPOST has come under fire by the Chairman of the Joint Committee on Finance as they inquired about the agency’s effectiveness in the country and how often its impact is felt across Nigeria.
The committee also gave NIPOST two years to remodel itself and rebuild the brand as it develops ways which will benefit the agency and generate revenue.
The First Lady of Nigeria disburses ₦250k each to 1,709 Armed Forces widows and orphans
The First Lady of Nigeria, Remi Tinubu, has taken her role diligently as she performs a generous task by giving ₦250,000 each to 1,709 widows and orphans of the Armed Forces.
The Renewed Hope Initiative (RHI) is an initiative coined by the First Lady and has been chosen to help alleviate the widows and orphans of fallen heroes out of poverty.
“We recognise that widows are not victims; they are survivors. You have shown extraordinary courage in the face of adversity, and we are here to offer a helping hand as you chart a new path forward,” she said.
Ayomitide Adeyinka is a content writer, crypto journalist and editor with a Bsc in Political Science. He is also an egalitarian.