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PRESS RELEASE Good afternoon Ladies and Gentlemen, and welcome to this special press briefing of the Bank. We have called this gathering to inform relevant stakeholders and the general public of persisting concerns we are facing with the management of our current series of banknotes, and currency in circulation, particularly those outside the banking system in Nigeria. As you all may be aware, currency management is a key function of the Central Bank of Nigeria, as enshrined in Section 2 (b) of the CBN Act 2007. Indeed, the integrity of a local legal tender, the efficiency of its supply, as…
The U.S. State Department on Tuesday authorised the departure of non-emergency U.S. government employees and their families from Nigeria due to a heightened risk of terrorist attacks in the country. The latest travel update comes after the United States and the United Kingdom warned on Sunday of a possible terrorist attack in the capital Abuja, especially aimed at government buildings, places of worship and schools, among other targets. "The U.S. Embassy Abuja continues to have limited ability to provide emergency assistance to U.S. citizens in Nigeria," the State Department said. Nigeria's Department of State Services said the United States had…
Federal government has inaugurated a 13-man presidential committee to review the number of the country’s diplomatic Missions worldwide and their level of indebtedness. The committee is headed by a retired Permanent Secretary, Martin Uhomoibi. Secretary to the Government of the Federation, Boss Mustapha inaugurated the committee yesterday, in Abuja. He said government set up the committee because many of their challenges were inflicting a dent on the nation’s integrity. “Therefore, the establishment and deliberate composition of this Presidential Committee will enable Mr. President tackle the root cause of the critical state of affairs of our Diplomatic Missions in particular and…
After watching his four young children gobble up a meagre portion of beans straight from the saucepan, Nigerian farmer Gideon George will sleep on an empty stomach in the makeshift camp where the family ended up after their home was flooded. George said the children were so hungry he did not have the heart to keep any for himself, and there was nothing else to eat that evening in the camp, a secondary school building in Rivers State, one of 32 Nigerian states hit by catastrophic floods. "They ate like people who need more, so like a father that I…
US-Saudi relations are “fracturing” due to the dislike and distrust between President Joe Biden and Crown Prince Mohammed bin Salman, the Wall Street Journal reported on Monday, citing government sources in Riyadh. The 37-year-old crown prince, who is the day-to-day ruler of the Gulf monarchy and son of King Salman, “mocks President Biden in private,” makes fun of his plentiful public gaffes, and “questions his mental acuity,” according to the paper's sources. The pair “don’t like or trust each other” and the prince reportedly “much preferred” former President Donald Trump. Biden has fought off accusations that his physical and mental…
WEST’S PERSPECTIVE A senior Ukrainian official predicted "the heaviest of battles" to come for the partially Russian occupied strategic southern province of Kherson and said Moscow's military is digging in to face advancing Ukrainian forces. CONFLICT * Ukrainian President Volodymyr Zelenskiy reiterated a pledge to retake the city of Kherson, the loss of which would be a big setback for Russian President Vladimir Putin, who wants to speed up decision-making in the military campaign in Ukraine. DIPLOMACY * Russia took its accusation that Ukraine was preparing to use a dirty bomb - an explosive device laced with radioactive material -…
Lagos State Government, yesterday, issued a fresh update to all waterfront residents of highbrow Ikoyi, Lekki, Victoria Island and coastal areas of Epe and Badagry to be wary of back flow due to high tide in the Lagos lagoon. A statement by the Commissioner for Environment and Water Resources, Tunji Bello, explained that the latest advisory had become necessary due to the high tide of the Lagos Lagoon. He stressed that the high tide of the lagoon has made it difficult for storm run-off from the various channels to discharge effectively into the lagoon which may cause a stagnation into…
Romanian Defence Minister Vasile Dincu resigned on Monday, saying he could not collaborate with the country’s president, amid pressure weeks after he said Ukraine’s only chance to end the war was to negotiate with Russia. European Union and NATO state Romania shares a 650-kilometre (400 mile) border with Ukraine, is host to a U.S. ballistic missile defense system and, as of this year, has had a permanent alliance battlegroup stationed on its territory. Some 2.65 million Ukrainians have fled to Europe through Romania in the eight months since the war started. “My gesture (resignation) comes as it is impossible to…
REPORTS FROM RUSSIA The Russian Armed Forces have eliminated more than 1,400 Ukrainian troops and foreign mercenaries over the past week, according to TASS calculations based on daily briefings by Defense Ministry spokesman Igor Konashenkov. TASS has summarized the key statistics concerning Russia’s special military operation for October 17 to October 23. Strikes against Ukraine's critical infrastructure The Russian Defense Ministry throughout last week said massive strikes continued against Ukrainian military command and energy facilities. On October 18 and 19, the designated targets were hit by high-accuracy long-range sea and air-launched weapons, and on October 20 and 23 by air-launched…
The United States and Britain on Sunday warned of a possible terrorist attack in Nigeria's federal capital Abuja, especially aimed at government buildings, places of worship and schools, among other targets. Nigeria is fighting an Islamist insurgency mainly in the northeast, but in July the Islamic State claimed responsibility for a raid on a prison in Abuja, which freed around 440 inmates, raising fears that insurgents were venturing from their enclaves. The U.S. Embassy in Nigeria said "there is an elevated risk of terror attacks in Nigeria, specifically Abuja" and added that shopping malls, law enforcement facilities and international organisations…
May 19, 2025

Why we need to embrace the 'S' word to drive business success

Sudhir Chaturvedi When did the word "sales" become taboo? Regardless of whether you're offering a…
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Northern leaders demand urgent action on insecurity, push for state police

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Joe Rogan questions Big Bang theory, says he's 'sticking with Jesus' over Resurrection

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30 killed in separate attacks on farmers and traders in Kebbi, Benue states

At least 30 people were killed in separate attacks by suspected armed men in Kebbi…
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Here’s the latest as Israel-Hamas war enters Day 591

Israel says it will let food into Gaza after announcing new ground assault Israel will…
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African diet – plantains and cassava can be as healthy as tomatoes and olive oil,…

Plantains, cassava and fermented banana drink should be added to global healthy eating guidelines alongside…
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Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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