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  A Federal Capital Territory, FCT, High Court has restrained the Central Bank of Nigeria, CBN, from extending the deadline for the use of the old naira notes. The court also ordered the CBN to fully implement the redesigned naira. Eleojo Enenche, presiding judge, gave the order while delivering ruling in a suit marked FCT/HC/CV/2234/2023, on Monday. “An order of interim injunction is hereby made restraining the defendants whether by themselves, staff agents, officers, interfacing banks or whosoever not to suspend, stop, extend, vary or interfere with the extant termination date of use of the old N200, N500, and N1000 bank note being 10th day of February, 2023, pending the hearing and determination of motion on notice,” the court held. The CBN had set January 31st as the deadline for the exchange of old naira notes with the redesigned ones. CBN had redesigned N200, N500, and N1000 notes. Amid the outcry that occasioned the scarcity of the naira, the apex bank had extended the deadl...

  The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, on Sunday, urged Nigerians not to allow the results of the 2023 presidential election to be determined by “bullion vans.” In a newsletter sent to our correspondent, the former vice-president and serial presidential candidate urged Nigerians to channel frustrations accrued from the scarcity of naira and fuel to vote out the ruling All Progressives Congress. “A few days ago, I had cause to make a statement on the currency conversion policy of the federal government. In the said statement, I aligned my position with an upsurge of demands for a slight extension of the January 31 deadline. “While commending the magnanimity of the CBN for such an extension, it would be pertinent for the agency to take urgent measures and make the new currency available and accessible to the public. This is necessary to ease the ongoing hardships and frustration that have become manifest in our people across the country.” Speaki...

  Chelsea boss, Graham Potter has allowed Hakim Ziyech to join Lionel Messi, Kylian Mbappe and Neymar at Paris Saint-Germain. The Moroccan has agreed a move to leave Chelsea and is set to sign for the French champions. Ziyech has spent three underwhelming seasons at Chelsea following a £33m move from Ajax in 2020 but many thought his performance at the 2022 World Cup would have been a turn around. The 29-year-old has failed to impress successive Chelsea managers. With the arrival of Joah Felix and Mykhailo Mudryk at Stamford Bridge this January, the Moroccan game-time will only suffer more. Ziyech is now closing in on a winter move to French champions, PSG. Ziyech has already agreed to join PSG, who are in advanced talks with Chelsea over a deal. Chelsea and PSG are optimistic of reaching an agreement, with the Blues keen on raising some funds following a heavy period of spending under Todd Boehly.

 The Department of State Services, DSS, has arrested some members of an organised syndicate selling the new Naira notes in parts of the country. Although the DSS did not disclose the names and locations of the suspects, the agency said in a statement on Monday that some commercial bank officials were aiding and abetting the act. The statement signed by the Public Relations Officer of the DSS, Dr Peter Afunanya, warned that the Service would go after those involved in the malfeasance. The statement said, "The Department of State Services (DSS) hereby informs the public that it has intercepted some members of organised syndicates involved in the sale of the newly redesigned naira notes. In the course of its operations, in this regard in parts of the country, it was also established that some Commercial Bank officials are aiding the economic malfeasance. "Consequently, the Service warns the currency racketeers to desist from this ignoble act. Appropriate regulatory authorities a...

Dani Alves  Dani Alves remains behind bars in Brians 2 Prison, located in Sant Esteve Sesrovires, near the Catalan capital of Barcelona. He was taken to jail more than a week ago after being accused of an alleged a sexual assault in a nightclub. His lawyer, Cristabal Martell, is expected to file an appeal to request the provisional release of the Brazilian right-back. Meanwhile, La Vanguardia has published an article this Sunday in which they reveal how Alves' life in prison is, according to multiple sources, a mix of people who are official, unofficial, inside and outside the penitentiary center. The Catalan newspaper has indicated that Alves' "adaptation is being exemplary". How is Dani Alves' life in prison? They even reveal that Alves, who was arrested on January 20, accused of a sexual assault allegedly committed in the Sutton nightclub in Barcelona on December 30, has already played his first football match with the other inmates. It happened last Thursday a...

  The Central Bank of Nigeria (CBN) has launched the Nigerian National Domestic Card Scheme, AfriGo, aimed at creating a more robust payment system that would drive financial inclusion in the country. CBN governor, Godwin Emefiele, has said that transaction charges on all cards would henceforth be paid in Naira, except for international transactions. Emefiele said the card, which will function like other international payment cards, is aimed at boosting financial inclusion in the country and reducing dependence on foreign cards. He added that "by this initiative, will therefore be joining countries like China, Russia, Turkey and India which have launched domestic card schemes and harnessed the transformative benefits for their respective payments and financial systems, particularly for the underbanked." The national domestic card is expected to rival Visa and Mastercard, the market's biggest players. The announcement follows last year's decision to phase out old highe...

 The Apex bank of Nigeria  announced a 10-day extension of the deadline for the use of old naira notes across Nigeria. The CBN governor, who spoke to journalists Sunday morning, said he had the approval of President Muhammadu Buhari for the extension. The new deadline is now 10 February instead of the former 31 January deadline, he said. Mr Emefiele spoke in Daura, Katsina State, after a meeting with the president who is in his home state for official duties. Mr Emefiele said Nigerians, who are yet to change their naira notes from the old to new ones, now have an opportunity to do so. He said people must utilise the opportunity because the deadline will not be extended again. PREMIUM TIMES reported how the CBN last October introduced redesigned 200, 500 and 1000 naira notes and gave a deadline of 31st January for the use of the old notes.