Author: David Great

The Central Bank of Nigeria (CBN) announced on Tuesday that President Muhammadu Buhari will be unveiling the redesigned naira notes. Chronicle NG reports that the redesigned 200, 500 and 1000 notes are not much different in looks when compared to the old notes. The most staggering feature in the notes is the colours. The new notes have different shades of colours. Speaking on why he approved the redesign, President Buhari said, “the new naira banknotes have been fortified with security features that make them difficult to counterfeit.” He also added that the new banknotes would help the Central Bank design…

Boko Haram militants killed at least 10 Chadian soldiers in an attack on a military unit in Lake Chad province near the Nigerian border on Tuesday, Chad’s government said in a statement. The unit had been dispatched as a precursor to setting up an army post on the island of Bouka-Toullorom, between the villages of Ngouboua and Kaiga, where Boko Haram has carried out several offensives in recent years. Militants attacked early on Tuesday morning, killing around 10 men and wounding several others, the statement said. The Boko Haram insurgency, which erupted in northeast Nigeria in 2009, has killed more…

Nigeria lost more than $2 billion to oil theft during the first eight months of this year, an investigation by the Senate found on Tuesday. Large-scale theft from Nigeria’s pipelines has throttled exports, forced some companies to shut in production, crippled the country’s finances and knocked the country off its position as Africa’s top oil producer. An ad hoc committee of the Senate, Nigeria’s upper house of parliament, undertook an investigation into the impact of the theft. Its findings were presented to the Senate in a report that found only 66% of the country’s oil production could be “effectively guaranteed”.…

AFC Crewe, who play in the 14th tier in the English football pyramid, have offered Ronaldo a club record £35 per week, which would make him the highest paid player at the club. (Star) Portugal forward Cristiano Ronaldo, 37, is torn between moving to Newcastle United or Saudi Arabian club Al-Nassr after leaving Manchester United by mutual consent. (Marca – in Spanish) Manchester United have saved about £15.5m in wages after coming to a mutual agreement with Ronaldo to end his contract before it runs out in the summer. (Times – subscription) Manchester United’s market valuation rose by 17% after owners the Glazer family said they are…

Olivier Giroud netted twice to become France’s joint record scorer as they fought back to put Australia to the sword, opening their World Cup defence with a 4-1 Group D win on Tuesday that silenced talk of a holders’ curse. Australia had taken a stunning lead at Al Janoub Stadium when Craig Goodwin applied a super finish to Mathew Leckie’s cross after nine minutes, but France levelled when Adrien Rabiot headed home and Giroud’s tap-in gave them the halftime lead. Kylian Mbappe’s glancing header in the 68th minute was followed by Giroud’s 51st international goal three minutes later, drawing him…

Vice President Yemi Osinbajo says although a few do damage to the reputation of the country, the vast majority of Nigerians abroad are honest, hardworking and straightforward people who are making positive impacts all over. Prof. Osinbajo made this assertion in Ottawa on Monday evening during an interactive session with some leaders of Nigerian groups across different provinces in Canada. He said, “the vast majority of Nigerians all over the place are honest, straightforward people trying to survive in those places and be responsible citizens wherever they find themselves. That is the story of the vast majority.” However, Osinbajo noted…

Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) says President Muhammadu Buhari will unveil the redesigned 200, 500, and, 1000 naira notes on Wednesday. Emefiele stated this on Tuesday during the CBN’s monthly Monetary Policy Committee meeting in Abuja, Nigeria’s capital. He noted that the decision to unveil the new notes earlier than stipulated was to enable the apex bank phase out of the old naira notes. Speaking at the meeting he said, “Hundred days is enough for any person from any part of Nigeria to deposit his money in the bank and get his money when…

The Delta State Government says Governor Ifeanyi Okowa has constructed over 883 road projects, spanning 1,932km across the state in the past seven years. The State Commissioner for Information, Mr. Charles Aniagwu, stated this at a press briefing on Monday in Asaba, He said Gov. Ifeanyi Okowa’s led administration constructed over 1,000 line drainages and storm drainages in Asaba and Warri since inception. The commissioner was reacting to the allegation that the All Progressive Congress (APC), Presidential Candidate, Sen. Bola Tinubu and the state Governorship Candidate, Sen. Ovie Omo-Agege, that Okowa administration could not account for monies received over the…

The most topical issue in the art world as it pertains to Africa is rooted in antiquity. In 1897, the British Army raided the Benin Kingdom in a so-called “punitive expedition” following the killing of James Robert Phillips, a British official and others. The Oba of Benin, Oba Ovọnramwẹn Nọgbaisi was deposed and exiled, and members of the British Army set about pillaging the Kingdom’s cultural and religious artefacts, and artworks. Some of the booty, collectively known as the Benin Bronzes, was auctioned off to cover the cost of the mission, some others ended up in private collections, and a…

A federal high court in Abuja has ordered the Independent National Electoral Commission (INEC) to resume the continuous voter registration (CVR) exercise. Justice Inyang Ekwo said the voters’ registration ought to last until 90 days before the 2023 general election. In a suit filed by one Anajat Salmat and three others, the plaintiff argued that INEC cannot stop the continuous voter registration before the time stipulated by law. Justice Ekwo agreed with the plaintiffs and ordered the electoral umpire not to deprive citizens of the opportunity to have their voter cards for the forthcoming poll. “The case of the plaintiffs…