CBN Finally Speak on Introduction of N2,000 & 5,000; and Arabic Inscription

The Central Bank of Nigeria, CBN, has denied a purported plan to introduce N2,000 and N5,000 notes in the country.

Source: Daily Nigerian

DAILY NIGERIAN reports that on the heels of plans to redesign a few currency notes, some Nigerians especially on social media had insinuated that N2,000, and N5,000 notes would also be introduced by the apex bank. But the CBN Director of Currency Operations, Ahmed Bello-Umar, during an interview with the Voice of America, Hausa Service on Monday, stressed that the highest currency denomination in Nigeria remains the N1,000 note.

While calling on Nigerians to be wary of fraudsters and fake news peddlers, Mr. Umar said anyone caught with fake bank notes should be reported to law enforcement agencies. “There won’t be any denominations above the N1000 note. Therefore, there is nothing like N2000, N5,000, or N10,000 as being speculated. “The highest value of the naira is still N1000. And for now, there is no reason or plan to increase it.

Kidnappers Takeover Ogun Communities

Residents of Oke-Ata, Soyoye, Ibara Orile, Rounder, and other communities in Abeokuta North Local Government Area of Ogun State are currently under the ‘siege’ of kidnappers, DAILY POST reports.

Source: Daily Post Nigeria

The affected communities, including those situated around the Alameda Army Barracks, appear to have resorted to faith as they sleep and wake under the fear that they could be abducted by kidnappers anytime.

Some of the residents, while speaking with our correspondent, expressed worries that the abductors, many of whom are armed with sophisticated rifles, have been so emboldened that they no longer fear security agents, as they kill or maim those who try to resist them. Findings by DAILY POST revealed that the abductors are always dressed in military camouflage to disguise and deceive their targets, whom they capture for the sake of ransom.

Dollar scarcity worsens the petrol supply

The scarcity of Premium Motor Spirit (PMS), otherwise known as petrol, is due to the inability of marketers and some depot owners to pay for the services of ‘daughter’ vessels required to evacuate imported fuel from the ‘mother’ vessels from offshore, The Nation findings revealed yesterday.

Source: The Nation Newspapers

‘Mother’ vessels are tanker ships that bring the product into the country, but berth on the high sea, while ‘daughter’ vessels are those used in conveying the product from the point of berthing on the high seas to the port before it is emptied into depot tanks.

Apart from payments to the ‘daughter’ vessel owners, the marketers pay the Nigerian Port Authority (NPA) for the use of its facilities and the Nigerian Maritime Administration and Safety Agency (NIMASA)  for security in dollars.

We’ll ensure Peter Mbah’s victory as Enugu’s next governor — Ndi Oganiru Enugu

Thousands of members of Ndi Oganiru Enugu, a formidable and popular support group founded by influential people from all walks of life for the Senator representing Enugu West senatorial zone at the National Assembly, Senator Ike Ekweremadu, have thrown their weight behind the governorship candidate of the Peoples Democratic Party, PDP, in Enugu State, Dr. Peter Mbah, saying they would ensure his electoral victory in the forthcoming 2023 general elections.

Source: Vanguard News

The group which disclosed this in Enugu on Saturday at a well-attended reception organized in honor of Dr. Mbah said the endorsement became necessary because the gubernatorial flagbearer had shown his potent and robust manifesto, stressing that they were enthralled by his pledge to ramp up Enugu State’s gross democratic product (GDP) from its present $4 billion to $30 billion within four to eight years of his administration.

Formally collapsing their structure to Peter Mbah and PDP Campaign Organisation, the President, Ndi Oganiru Enugu, Engr. Jude Asogwa, who spoke for the group, said that the body has a strong presence in the 260 wards of Enugu State, 36 states of the federation, and 16 countries of the world that would be mobilized for the PDP.

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