New Naira: Confusion Deepens As CBN Deadline Ends Today
Source: Punch Newspapers
Nigerians, particularly bank clients, were baffled and unclear as to whether the Central Bank of Nigeria’s deadline of today for the phase-out of the old naira notes was still in effect or had been suspended as a result of the Supreme Court order won by several northern governors. The Supreme Court had ordered on Wednesday that the deadline should be postponed while the Kaduna, Kogi, and Zamfara State governors’ appeal of their case was being heard. The case will be heard on February 15 by the court. Abubakar Malami, SAN, the Attorney-General of the Federation and Minister of Justice, claimed, among other things, that the Supreme Court lacked jurisdiction over the case in his answer to the lawsuit later on Wednesday.
FG Vows Sanctions For Fuel Marketers Rejecting POS, Transfers
Source: Punch Newspapers
To the usage of Point of Sale devices and the acceptance of bank transfers at the various outlets, the Federal Government started deploying security agents to gas stations around the nation on Thursday. It pledged to deal with gasoline marketers who refuse consumer bank transfers or PoS machines, stating that the action was necessary for light of reports that some gas stations were responsible for this development despite the severe cash constraint that the country was experiencing. The cash shortage has, however, hampered the oil marketers’ business in a variety of ways, preventing them from being able to resupply in some cases, they said to our correspondent.
Polls: VCs, ASUU Disagree As FG Shuts Varsities
Source: Punch Newspapers
The National Universities Commission’s order to the Committee of Vice-Chancellors of Nigerian Universities that universities be closed so that students might vote in the upcoming general elections has been denounced by the Academic Staff Union of Universities. The NUC issued the instruction in a letter on Tuesday sent to the directors of all inter-university centres and vice-chancellors of all institutions. The panel stated that the instruction was based on a request from Adamu Adamu, the minister of education.
Buhari Orders Setting Up Transition Panel On Valentines Day
Source: Punch Newspapers
To monitor the transition plan for 2023, the President, Major General Muhammadu Buhari (ret. ), has given his appro for the creation of a Presidential Transition Council. Executive Order No. 14 of 2023 on the Facilitation and Management of Presidential Transitions was also signed by Buhari. The institutionalization of a legislative framework that would permit a smooth transfer of power from one presidential administration to another is cited by The PUNCH as a fundamental compon ent of the order.
FG Sanctions 302 Broadcast Stations, Issues 67 New Licences
Source: Punch Newspapers
67 new broadcast licenses for radio and television stations around the nation have been approved by the federal government. This information was released on Thursday by Mallam Balarabe Ilelah, Director-General of the National Broadcasting Commission. Additionally, he revealed that 302 broadcast stations had broken the NBC code in the previous two years. To guarantee that the general elections are free, fair, and credible, Ilelah urged broadcasters to uphold the NBC Act, the Nigeria Broadcasting Code, the Electoral Act, and other existing laws that govern media operations.
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