Final year University student stabbed to death over N1,000 debt in Nigeria

A final year student of Adekunle Ajasin University Akungba, Akoko (AAUA), Ondo State, Nigeria, has been fatally stabbed by an indigene over N1,000 payment misunderstanding. The deceased, simply identified as Temitayo, was stabbed with scissors in the early hours of Thursday, April 6, around Ebenco filling, opposite Akua junction, Akungba, Ondo State. Temitayo was rushed […]

Continue Reading

CBN denies extending validity of old 500, 1000 naira notes deadline

Central Bank of Nigeria (CBN) has dissociated itself from a report making the rounds that it had extended the validity of old N500 and N1,000 notes to May 1st, describing the story as fake news. The fake statement purportedly issued by the Director of Communications, Osita Nwanisobi, quoted him as saying: “Due to the current […]

Continue Reading

Ignoring El-Rufai, Kaduna residents storm CBN office to deposit old N500, N1000 notes (Video)

A video showing a crowd in front of the Central Bank of Nigeria annex office in Kaduna state as they attempt to deposit their old N500 and N1000 notes has made the rounds on social media. On Thursday, February 16, President Buhari in a nationwide broadcast extended the validity of the old N200 notes till […]

Continue Reading

CBN directs commercial banks to collect old N500, N1,000 notes

Central Bank of Nigeria (CBN), insisting that the old N500 and N1,000 currencies were no more legal tender, has ordered commercial banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. The apex bank however pegged the maximum amount the banks can collect at N500,000. A source from the […]

Continue Reading

Singer Davido expresses fear that Nigerian currency is heading to N1,000 per $1

Nigerian singer, David Adeleke, popularly known as Davido, has expressed fear of the dollar exchanging for N1k soon. He has a genuine fear because there was a time in Nigeria that American Dollar ($1) was exchanging for Nigeria’s 60kobo (N0.60). In a tweet he shared, the singer averred that there is need for drastic action. […]

Continue Reading

I bought a N600 bottle of roasted groundnut at N1000; Economists call it inflation, I call it Buhari’s Nigeria ―Kingsley Moghalu, ex-presidential candidate says

Former Central Bank’s Deputy Governor and ex-presidential candidate, Kingsley Moghalu has lamented over the rising cost of food items in ‘Buhari’s Nigeria’ after buying a bottle of groundnut for N1000. According to the political economist, he used to buy the same bottle for N600. “At “Four Corner” in Enugu State, I bought a bottle of […]

Continue Reading