News
Accept old N500, N1000 notes – Ondo Gov Akeredolu tells Nigerian traders
Governor Rotimi Akeredolu of Ondo State on Thursday urged traders in his state to accept the old N200, N500 and N1000 notes.
Akeredolu said this while decrying the rejection of old naira notes by business owners and traders in Ondo.
In a statewide broadcast in Akure, the governor said the rejection of the old naira notes currency was a flagrant disobedience of the law.
“It’s imperative that I address you today because of the need to halt a self-induced pain currently being experienced by us all in the state.
“This is unfortunate and unexpected. It’s a flagrant disobedience to the law and the Central Bank directives.
“I, therefore, wish to inform you that the rejection of the old N1000, N500 and N200 notes by us will do us no good.
“Let us not create needless tension over the matter. Please collect, spend and exchange the old notes without any hindrance,” he said.
Akeredolu noted that the Supreme Court has ruled that the old naira notes must continue as legal tender.
The Supreme Court had recently extended the validity of the old Naira notes till 31 December.
The apex court disclosed that the Central Bank of Nigeria, CBN, must continue to receive the old naira notes from Nigerians.
News
Electricity, telecom tariffs increase unconscionable, should be stopped – Shehu Sani
Former lawmaker, Senator Shehu Sani, has described the planned increase in electricity and telecom tariffs as unconscionable.
The statement comes after the telecoms regulator last week approved the increase in mobile tariffs.
The federal government also recently said that plans were ongoing to increase electricity tariffs “over the next few months.”
However, Sani, who said the government’s plan is unreasonable, insisted that it should be halted.
The ex-lawmaker also expressed his support for the Nigeria Labour Congress (NLC) over the scheduled protest against the government’s proposal, calling it a welcome development.
“The planned increase in electricity tariffs in the midst of poor power supply and the proposal to increase telecom tariffs is unconscionable and should be halted. The scheduled labour union protest is a welcome development,” he posted on X.
News
Trump to cut off funding to South Africa, gives reason
The United States President, Donald Trump, has revealed his decision to cut off all future funding to South Africa, citing poor treatment of “certain classes of people.”
Trump made this known on Sunday in a post on Truth Social, his social media platform.
According to Trump, South Africa was seizing land and mistreating some citizens without concern for the violations of their rights.
“South Africa is confiscating land and treating certain classes of people VERY BADLY.
“I will be cutting off all future funding to South Africa until a full investigation of this situation has been completed!” Trump wrote.
Reports suggest that the American leader may be defending White South Africans, some of whom have alleged that the South African policy is unfair to them.
News
Telecoms tariff hike: Nigerian govt in last-minute move to avert NLC shutdown
There are indications that the federal government will on Monday meet with the Nigeria Labour Congress, NLC, to stop the planned Tuesday nationwide protest against the 50 percent telecommunications tariff hike.
A reliable source familiar with the matter, who preferred anonymity, disclosed this on Monday morning, noting that the meeting between the NLC leadership and the federal government is scheduled for 5 p.m. on Monday.
The source said the meeting was a “dialogue on matters of national interest as it affects Nigerian workers.”
According to the source, it will be an inter-ministerial meeting with the Secretary to the Government of the Federation (SGF), purposely to resolve issues raised by the NLC concerning the federal government’s approved upward adjustment to telecommunications tariffs, which the NLC, its allies, and others are vehemently opposing.
This comes as the NLC is already mobilizing workers for a mass protest tomorrow (February 4) against the 50 percent tariff hike approval.
On Thursday last week, in a letter to affiliate unions and state councils, NLC General Secretary Emma Ugboaja urged them to mobilize other Nigerians to send a serious message to the government.
The planned protest follows the 50 percent telecom tariff approval by the Nigerian Communications Commission (NCC) on January 20, 2025.
The approval had sparked widespread rejection among telecom subscribers.
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