Author: admin@theprimetimes

Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele said President Muhammadu Buhari will unveil the redesigned naira notes on Wednesday, November 23. Emefiele made this known during the apex bank’s Monetary Policy Committee monthly meeting in Abuja. The CBN governor said the bank decided not to wait till the initial Thursday, December 15 date of unveiling the redesigned naira notes. Emefiele explained that the early unveiling will help hasten the phasing out of the existing naira notes. “100 days is enough for any person from any part of Nigeria to deposit his money in the bank and get…

As part of efforts to prevent corps members from falling as victims of bandits and other risks on highways, the National Youth Service Corps, (NYSC) has warned corps members deployed to Kaduna State to avoid unnecessary traveling out of the state. The state’s coordinator, Mr Odoba Abel Oche, gave the warning during the closing ceremony of Batch C Stream 1 Orientation closing ceremony, where he strongly advised the corp memebers to desist from engaging in acts capable of denting the image of the NYSC. He warned that corps members “must not travel outside Kaduna State without permission from the NYSC…

• FG blames oil theft for massive borrowing • Economists prescribe securitisation for flexible repayment, urge govt to pursue growth policies • There is so much corruption in bureaucratic processes, says Utomi Barely six months to the end of President Muhammadu Buhari’s administration, the Federal Government’s total debts and other financial liabilities have reached N71.46 trillion. The figure does not include undocumented contingent liabilities to university lecturers, public school teachers and other public employees to whom government is indebted. Analysts say these undocumented liabilities could run into several trillions. The figures also exclude other pending financial liabilities to non-lending bilateral…

Lecturers of the University of Port Harcourt (Uniport), under the aegis of the Academic Staff Union(ASUU), have protested the half-salary payment by the Federal Government. The lecturers were seen in their numbers marching along Delta Campus, heading to the school senate building in Abuja Campus, carrying placards. Some of the inscriptions on the placards reads, “No to Pro Rata Salary Payment, lecturers are not casual workers”; “FG, stop Maltreatment lecturers”.

Senior Special Assistant to the President on Digital Transformation and Lead for the Nigeria Startup Act, Oswald Osaretin Guobadia, has urged adoption and implementation of the law by states. In a statement, he noted that adoption of the Act in each state would boost youth empowerment and develop the technology ecosystem. He said: “The youth are key players for growth in the nation and it is important that they contribute to the impact of the Act by supporting, spreading awareness and pushing for its adoption in their various states because the law is to draw out the potential of the…

President Muhammadu Buhari will, tomorrow, in line with his administration’s policy of encouraging and promoting economic growth and diversity, unveil to the public the National Institute of Credit Administration (Establishment) Act No 1018 of 2022, which he signed into law on August 16, 2022 at Four Points by Sheraton Hotel, Victoria Island, Lagos State. President and Chairman of Council, National Institute of Credit Administration (NICA), Andy Ojei, disclosed this at the weekend to newsmen, saying the unveiling of NICA by the President will further boost the institute and what it stands for. Ojei said further: “Now that the Institute is…

• INEC admits challenges in protecting server from hackers • Identifies 2.7m unqualified registered voters in Kano • IGP, intelligence community warn political parties against thuggery, violence • 9.3m PVCs lying idle in INEC’s coffers, Utomi alleges The United States (U.S.) has threatened sanctions, including visa restrictions, on anyone who interferes with the democratic process or instigates violence in the 2023 general elections. U.S. also threw its weight behind the decision of the Independent National Electoral Commission (INEC) to deploy the Bimodal Voter Accreditation System (BVAS) and electronic transmission of results for the poll. Political Counselor at the U.S. Embassy…

…Manufacturers insist policy may lead to business collapse, job loss …World Bank backs move The purpose of the proposed finance bill 2023 fiscal year should not be about mobilis0ing more resources for the government but promoting the health of Nigerians and boosting the manufacturing sector. This was the view of Industry stakeholders, as they increasingly argued against the proposed increase in taxes on manufactured goods and services. Speaking at the Finance Bill 2022 stakeholders’ session yesterday, the World Bank Group threw its weight behind the proposed law, noting that there is the need to recognise engendering pro-health tax. The modern…

Chidinma Ojukwu, a prime suspect in the murder of Super TV Chief Executive Officer, Usifo Ataga, yesterday, told a Lagos State High Court sitting in Tafawa Balewa Square (TBS) that the two statements she wrote were torn by the police. Ojukwu told Justice Yetunde Adesanya that she was coerced to sign the statement written for her by Assistant Superintendent of Police (ASP) Olusegun Bamidele and one dictated to her by Olufunke Madeyinlo. She disclosed this in her testimony in trial within trial to ascertain the voluntariness of the statement to the police. Ojukwu, a suspected 300-level Mass Communication undergraduate, of…

President Muhammadu Buhari has approved and ordered that measures be taken for immediate implementation of the enhanced salary and welfare scheme for judicial officers. Buhari made this known at the official inauguration and handing over ceremony of Nabo Graham-Douglass Campus of the Nigerian Law School, Port Harcourt to the Council of Legal Education. This is contained in a statement issued by Dr Umar Gwandu, Special Assistant on Media and Public Relations to the Attorney General of the Federation (AGF). Buhari was represented by the AGF, Malam Abubakar Malami, SAN. Buhari directed the Chairman, Revenue Mobilization and Fiscal Allocation Commission, and…