Police confirm two deaths in Edo protest
Edo State Police Command, yesterday, confirmed the death of two people during Wednesday’s protest in Benin City, against the scarcity of new naira notes and rejection of old notes by commercial banks in the state. The police Command also said several…
Cashless Policy May Truncate Conduct Of Polls –INEC
With barely eleven days to the general elections, the Independent National Electoral Commission (INEC), has disclosed that Central Bank of Nigeria’s (CBN) cashless policy may hinder the Commission’s ability to conduct the election. INEC FCT Resident…
Supreme Court adjourns suit on old/new naira notes
The Supreme Court has adjourned the suit filed by state governments to challenge the naira redesign policy of the Central Bank of Nigeria (CBN). The Supreme Court adjourned the case till Wednesday, February 22 for a hearing of the consolidated suits by…
Courts Reject Old Naira Notes, Turn Lawyers, Litigants Back
THERE was pandemonium on Monday at the high courts in Lagos State as lawyers and litigants were unable to file their court processes using the old naira notes for payment. Officials at the high court registries rejected the old naira notes, saying…
Court seals Rivers Purchase of Kidney island and OML11 stakes
A High Court sitting in Port Harcourt has issued an order restraining Shell Petroleum Development Company (SPDC) from interfering with the Government of Rivers State’s title, right, and interest over fixed landed assets comprised in Kidney Island Base,…
National Youth Council of Nigeria (NYCN) warns against protests, flays fuel, Naira crisis
Chairman of National Youth Council of Nigeria (NYCN), Lagos State chapter, Biliamin Sulaimon-Oba, has advised youths against engaging in any protest that can disrupt the election, asking them to shun all forms of violence during the polls. Speaking at a…
Zenith Bank Shuts Branches Amid Naira Scarcity
According to Hobnob News, NIGERIANS using Zenith Bank have taken over different social media platforms to lament the poor online services experienced as the scarcity of the newly redesigned notes worsens. This is just as branches of the bank across the…
Stock Market Suffers N37bn Decline
According to Hobnob News, THE stock market suffered N37bn decline on Tuesday following a six-day successive bullish run on the floor of the Nigerian Exchange Limited after profit-taking activity. It was said that All-Share Index slumped by 67.98…
BREAKING: ICPC discovers N258m hidden in bank’s vault, arrests managers
As part of ongoing efforts at ensuring that commercial banks comply with the Central Bank of Nigeria’s directive on the distribution of the redesigned naira notes, operatives of the Independent Corrupt Practices and Other Related Offences Commission last…
FG Tasks Hajj Institute On Best Services To Pilgrims
THE Federal Government has charged the newly inaugurated Hajj Institute of Nigeria, HIN, to continue seeking innovative solutions and new ways of delivering the best services to the nation’s pilgrims through its academic programmes and research.…