Following the naira redesign, the validity of the old notes was extended to December 2023 but with a new Governor, Yemi Cardoso, the Apex Bank says the old currency notes are now legal tenders indefinitely. The Central Bank of Nigeria (CBN) has said that the old N200, N500, and N1,000 notes are to remain legal tender indefinitely. In a statement issued by CBN’s Director of Corporate Communications, Isa AbdulMumin, on Tuesday, the Apex bank said...
Nigeria has the largest gas reserves in Africa and 9th largest in the world. The Nigeria Extractive Industries Transparency Initiative (NEITI), has expressed optimism that gas will play a major role in Nigeria’s transition to cleaner energy sources. This is even as it stressed the need for technology, innovation, exploration, production, and commercialization of gas to enable the country to meet the net zero target set for the year 2060. The Executive Secretary of NEITI,...
As the Senate continues its interface with Ministers and Heads of Federal Government agencies on the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) this week, OrdePaper’s Legislative Intelligence Forecast (LIFE) Service, by Kauthar Anumba Khaleel, gives a glimpse of other actions to be taken by both chambers of the National Assembly. IN THE SENATE The Senate Committees on Tertiary Institutions and TETFUND, Ethics, Privileges, and Public Petitions will commence its investigation...
The lawmakers reiterated the commitment of the 10th House to strengthen and deepen the country’s electoral process and serve as a deterrent against electoral malpractices. The House of Representatives has called on the electorate in Bayelsa, Imo, and Kogi States to come out en masse and participate in the November 11, 2023 Gubernatorial Elections. The call is contained in a statement jointly signed by the Chairmen of the House Committees on Electoral Matters and the...
The Apex Bank reiterated that all denominations of banknotes issued by it remain legal tender. The Central Bank of Nigeria (CBN) has directed all its branches across the country to continue with the issuance of different denominations of old and redesigned banknotes in adequate quantities to deposit money banks (DMBs) for onward circulation to bank customers. The CBN also insisted that all banknotes issued by it remain legal tender. This was contained in a statement...
Senator Daniel said active community participation in the planning and execution of constituency projects is key. Senator Gbenga Daniel (APC, Ogun East) has identified the high turnover rate of legislators as one of the factors responsible for the poor implementation of Zonal Intervention Projects (ZIP), also known as constituency projects around the country. This is even as he stressed the need to educate citizens on the importance of reporting any irregularities related to constituency projects,...
The Speaker said the policy brief series will ensure that policy-makers are making the right choices and decisions to address the country’s security challenges and ensure the stability of its economy. The House of Representatives is set to unveil its Policy Brief Series for key Ministries, Departments, and Agencies (MDAs) of government. The Initiative is aimed at improving constitutional oversight of the executive arm. Tagged ‘Sectoral Debates,’ the series forms part of initiatives by the...
The Deputy Senate President said through constituency projects, rural communities across the country have experienced rapid development. The Deputy President of the Senate, Senator Barau I. Jibrin (APC, Kano) has reiterated the commitment of the National Assembly to partner with Civil Society Organizations and other governmental organizations to strengthen the execution of Zonal Intervention Projects, otherwise known as constituency projects. Barau remarked this while declaring open, a dialogue tagged, Parliamentary Succession and Constituency Projects organized...
With legislative work on the 2023 Supplementary Budget dusted, OrdePaper’s Legislative Intelligence Forecast (LIFE) Service by Kauthar Anumba Khaleel, briefly highlights issues the National Assembly will take action on this week. Foremost among the activities of The House of Representatives, this week will be the consideration of the reports of the Ad-hoc Committee on Legislative Agenda and the Ad-hoc Committee on the Review of Standing Orders of the House of Representatives. Recall that these reports...
Maida pledged the Commission’s continued support to the Fintech industry in harnessing its enormous potential and addressing challenges in the sector. The Executive Vice Chairman and Chief Executive Officer of the Nigeria Communications Commission (NCC), Dr. Aminu Maida, has noted the critical role of the Financial Technology (FinTech) industry in advancing the financial inclusion of Nigerian citizens living in the underserved and unserved communities across the country. Dr. Maida stated this in his keynote address...
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