Headlines
Behold the New Redesigned Naira Notes
President Muhammadu Buhari has unveiled the new naira notes.
Buhari unveiled the new currency notes on Wednesday morning before the Federal Executive Council (FEC) meeting at the state house, Abuja.
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, was in attendance during the unveiling ceremony.
The unveiling today, marks the first time in 19 years, Nigeria will be redesigning it’s currency notes.
At a briefing after the ceremony before the Federal Executive Council meeting, the CBN governor debunked insinuations suggesting that the early unveiling of the new notes is a means to target some Nigerians.
Mr Emefiele appealed to members of the public, urging them to desist from making such speculation, adding that that there is no need to perpetuate any such information.
According to him, the CBN will intensify the monitoring process and interrogate the process of withdrawals.
Emefiele maintained that there will be heavy restriction on the volume of cash that people can withdraw over the counter, as it works with the Economic and Financial Crimes Commission (EFCC) to monitor the purpose of any heavy transactions.
The redesigned currency note he asserts can never be counterfeited, adding that to forestall such occurrence, the CBN will redesign the notes after every five to eight years.
Following the unveiling of the new notes which begins circulation today, the CBN governor announced that the apex bank is now more determined to make Nigeria a cashless economy, as in other climes.
During the ceremony which held before the council meeting, President buhari underscored the importance of re-designing the new naira notes. He explained that it will aide the country address the issue of Illicit financial flows, corruption, improve the nation’s economy, as well as ensure and advancement in the value of the naira.
Noting that the currency redesign will also boost the CBN’s Monetary policy initiative, President Buhari stated that the first set of currency which was printed locally by the Nigeria printing and minting company, will fundamentally prevent counterfeiting of the naira notes.
The president, however, appealed to Nigerians and urged them to embrace the new policy to re-design the naira.
The National Chairman of All Progressives Congress (APC), Abdullahi Ganduje, has argued that there is nothing wrong if Nigeria evolves into a one-party state, provided it reflects the will of the people.
Speaking to State House correspondents on Friday after a meeting with President Bola Tinubu at the Presidential Villa in Abuja, Ganduje dismissed concerns raised by opposition leaders over the country’s political direction.
He insisted that the growing dominance of the APC is a reflection of public trust in the party’s governance.
“If one-party state is a wish and blessing to Nigeria; One-party state is not by force; it is by negotiation,” Ganduje said.
“If other political parties see the effect of the positive governance of our party and decide to come to our party willingly, I think there is nothing wrong with that.”
Citing China as an example of a successful one-party system, Ganduje stated that the APC is not actively working to eliminate opposition, but that defections and realignments are part of democratic processes.
“Too many political parties spoil governance,” he added.
Ganduje led three senators from the opposition Peoples Democratic Party (PDP), reportedly from Kebbi State, to meet with President Tinubu, announcing their intention to join the APC.
According to him, their defection is the result of extensive negotiations among stakeholders in the state and is part of APC’s broader strategy to strengthen its base.
“This is a good development and in consonance with what is happening in Nigeria today. Almost every week in the Senate and House of Representatives, you see members of other political parties decamping to our party,” he said.
Ganduje assured that the APC is prepared to smoothly integrate the new members, maintaining that the party’s strategy to expand both its numbers and the quality of its membership is aligned with democratic principles.
The Senator representing Kogi Central in the National Assembly, Natasha Akpoti-Uduaghan, has distanced herself from a viral TikTok video that surfaced online showing her dancing to “Omo Ologo”, a song in praise of President Bola Tinubu.
In a public disclaimer released via her verified X (formerly Twitter) account, Akpoti-Uduaghan denied owning any TikTok account, warning the public against being misled by parody accounts across various social media platforms.
“I do not own a TikTok account,” she posted.
“Many parody accounts exist in my name on X (Twitter), Instagram, Facebook and TikTok. Some have garnered large followings.”
She clarified that the circulating video was manipulated from an old 2023 clip and repurposed with “mischievous intent” to mislead the public.
“While I hold the President in utmost respect, I’d urge everyone to disregard the mischievous post made using an old 2023 video of mine,” she stated.
The video, sound-tracked by “Omo Ologo”, a praise song performed by Dauda Kahutu Rarara at a recent event attended by Tinubu in Katsina, appeared to depict the senator aligning herself with the president’s camp.
President Bola Tinubu has issued a passionate call for unity, resilience, and renewed patriotism, urging Nigerians to stand firm behind ongoing reforms aimed at rebuilding the country’s economic foundation.
Speaking during a grand reception in Awka, Anambra State, on the occasion of his state visit, President Tinubu acknowledged the current challenges facing the nation but assured the people that the hard choices were necessary for lasting prosperity.
“We continue to plead with Nigerians for their patience and understanding,” Tinubu appealed.
“We call on all patriots and progressives to rise and continue to work hard every day for the greatness of our dear country. We have no other country but Nigeria. We must make it great as the pride of the black race.”
He reaffirmed his administration’s commitment to inclusive development, citing progress made in economic reform, infrastructure investment, and improved public finance management.
“We met near-insolvent public finance… unsustainable multiple subsidies… a chaotic and debilitating forex regime. These monsters have been tackled,” he said.
Highlighting renewed investor confidence and growth in agriculture, manufacturing, and technology, Tinubu said the “Renewed Hope Agenda” was already yielding visible results.
He particularly commended Anambra for leading in innovation and development, referencing the commissioning of the Solution Fun City and Government House Mini-City as signs of progress.
Describing Governor Chukwuma Soludo as “a brilliant man” and “a thinker who knows the way,” Tinubu added: “We are working together for a better Anambra and Nigeria.”
The president also praised Anambra State for fully implementing and even surpassing the new national minimum wage, calling it “a signal of true leadership and compassion for the working class.”
Asserting the federal government’s commitment to equitable development, Tinubu promised increased investment in roads, power, rail, and digital infrastructure across all regions, including the Southeast.
