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The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that lower naira denominations such as N5, N10, N20, N50, and N100 notes are still legal tender in Nigeria. Cardoso disclosed this while answering questions at the briefing following the 306th Monetary Policy Committee, MPC meeting on Tuesday. He explained that the scarcity of lower naira denominations in circulation is due to the forces of demand and supply. “They (lower naira denominations) are still legal tender. To the extent that the Central Bank has not said otherwise, please assume they are legal tender. “The question as to why…

A United States lobbying firm, Von Batten-Montague-York, has announced that it has submitted documents relating to allegations involving President Bola Ahmed Tinubu to members of the Donald Trump administration and senior congressional staff. The firm, which was retained by Atiku under a 12-month, $1.2 million lobbying contract, disclosed this in a post via its X. It said “Following discussions with members of the @realDonaldTrump Administration, Congress, and senior congressional staff, we began providing more than 60 pages of @TheJusticeDept documents concerning the DOJ’s allegations of Nigerian President Bola Ahmed Tinubu’s (@officialABAT) alleged involvement in a heroin trafficking investigation spanning the…

The Air Component of Operation HADIN KAI has carried out a precision airstrike on a suspected terrorist hideout in Borno State, destroying the structure and neutralising all occupants, intelligence sources told Zagazola Makama. This is contained in a statement posted by security expert, Zagazola Makama, on X Zagazola said the strike was executed in the early hours of July 20 after intelligence, surveillance and reconnaissance (ISR) assets identified suspicious terrorist activities around KLA Balia, located in the Lake Chad region. According to him, the ISR platform, codenamed GUARDIAN, established overhead surveillance at about 5:35 a.m. before confirming the target. He…

The Nigerian Ports Authority, NPA, has announced that 26 cargo vessels carrying petroleum products, food items and other commodities are expected to arrive at Apapa Port, Tin Can Island Port and Lekki Deep Sea Port in Lagos between July 21 and July 26. The disclosure was contained in the authority’s Daily Shipping Position released on Tuesday. According to the NPA, 11 of the incoming vessels are laden with containers transporting assorted goods. The remaining 15 ships are expected to deliver a variety of cargoes, including bulk urea, premium motor spirit (petrol), crude oil, automotive gas oil (diesel), aviation fuel, bulk wheat, fresh fish, trucks…

The Central Bank of Nigeria, CBN, has retained the country’s Monetary Policy Rate, MPR, at 26.50 per cent for the second consecutive time, following its May and July 2026 meetings. CBN Governor, Olayemi Cardoso, disclosed this during a media briefing after the 306th Monetary Policy Committee, MPC, meeting in Abuja on Tuesday. According to Cardoso, all 11 members of the committee attended the 306th meeting, where they reviewed recent domestic and global economic developments before deciding to leave the benchmark lending rate unchanged. The decision means the CBN has maintained its tight monetary policy stance in a bid to sustain…

The Managing Director of the Rural Electrification Agency, REA, Abba Aliyu, has reacted to the appointment of former Ekiti State Governor, Ayodele Fayose, as Chairman of the agency’s Governing Board. President Bola Tinubu also appointed Alhaji Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta as members of the REA Governing Board. Reacting in a statement on Tuesday, Aliyu welcomed the new appointments into the agency. According to him, the appointments are “round pegs in round holes.” He noted that their collective expertise would be invaluable in advancing the agency’s mission to provide electricity to rural and underserved communities through solar mini-grid projects.…

The Osun State chapter of the All Progressives Congress, APC, has backed the decision of the Association of Local Governments of Nigeria, ALGON in the state to suspend the activities of transport unions in public motor parks, saying the measure is aimed at addressing recurring violence and improving public safety. In a statement issued on Tuesday by the party’s Director of Media and Information, Kola Olabisi, the APC described the suspension as a proactive step by local government authorities to curb violent incidents allegedly linked to motor parks across the state. The party said the announcement made by Osun ALGON…

The Bauchi State Police Command has arrested a 40-year-old man, Clement Anthony, in connection with the killing of a community leader in Bauchi metropolis and recovered the firearm allegedly used in the attack. The command said the suspect was arrested shortly after the incident, while officers recovered a locally made single-barrel gun and one expended cartridge from him. The victim, 55-year-old Jacob Bature, who was the Mai Anguwa of Unguwar Ngas in the Inkil area of Bauchi Local Government Area, was allegedly shot on Sunday evening. According to the police, the incident happened at about 7:00 p.m. on July 19,…

Isaac Fayose, younger brother to former Ekiti State Governor, Ayodele Fayose, has blasted the new appointment given to his elder brother. In a video posted on his Facebook page, Fayose questioned the rationale behind the appointment. He said president Bola Tinubu quickly gave his brother an appointment after the Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi, visited him. DAILY POST reports that Tinubu on Monday appointed Fayose as chairman of the Rural Electrification Agency, REA. Reacting, the former governor’s younger brother said, “Just days after Mr Peter Obi visited me, they appointed my brother as a DG. Why didn’t they give…

The African Democratic Congress, ADC, in Kebbi State has accused the Federal Government, led by President Bola Tinubu, of allegedly targeting former Attorney General of the Federation and Minister of Justice, Abubakar Malami, in an attempt to dissuade him from pursuing his governorship ambition in the state. The allegation was contained in a statement released on Sunday and co-signed by the Kebbi State Chairman of the party, Sufiyanu Bala, and Alhaji Shehu Aliyu Sambawa. The ADC contended that the federal government is employing judicial measures to intimidate opposition figures at both the federal and state levels. The party asserted that…