The Central Bank of Nigeria (CBN) has confirmed that both the standard and commemorative ₦100 banknotes remain legal tender and must be accepted for all transactions across the country. The clarification was contained in a statement issued by the CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali. According to the bank, the statement became necessary amidst reports that some members of the public, businesses, and other citizens have been rejecting the standard ₦100 note due to uncertainty over its legal tender status. The CBN said that the commemorative ₦100 banknote, introduced to mark Nigeria’s centenary celebration, did not replace...
Safaricom Shareholders To Vote On Vodafone’s Right To Pick CEO
Shareholders of Kenyan telecoms firm Safaricom are due to vote on whether to give Vodafone Kenya the right to nominate the company’s chief executive officer, once Vodafone holds more than 50% of Safaricom’s shares. Vodacom which already owned 39.9% of Safaricom through Vodafone Kenya, agreed in December to buy Kenya’s 15% stake for about $1.6 billion, the deal has increased its holding to 55%, while the Kenyan government’s stake fell to 20%. For the resolutions to pass, 75% of shareholders have to vote in support.The public holds the rest of the shares listed on the Nairobi Securities Exchange. The share...
Tinubu Inaugurates Panel To Draft State Policing Legislation Framework
Nigerian President Bola Tinubu has inaugurated a presidential working group to draft a National Policing Bill that will provide the legal framework for implementing state police across the country. The move was after lawmakers approved a constitutional amendment creating a dual policing structure.Represented by Chief of Staff Femi Gbajabiamila, Tinubu said the proposed legislation would operationalise the constitutional amendment by setting out minimum policing standards, state readiness requirements, federal-state coordination, accountability measures, human rights safeguards and fiscal conditions. “The Constitution Amendment Bill establishes the framework for dual policing, but it does not operationalise it. That work is left to the...
Nigeria Says South Africa Xenophobic Violence Shows No Signs Of Easing
For weeks, South Africa has been the site of protests, some of them violent, against undocumented immigrants blamed for taking jobs and resources.
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Airbus Tests Aircraft Capable Of Flying 22 Hours Non-Stop
Aircraft manufacturer Airbus on Tuesday said its A350-1000ULR widebody aircraft capable of flying up to 22 hours non-stop has successfully...
Boeing Reports Small Loss, Points To Progress On Turnaround
Boeing reported a small quarterly loss following an uptick in commercial plane deliveries as the aerospace giant pointed to progress...
Britain’s King Charles Arrives In US For State Visit
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Arts & Culture
Nigeria’s Trendy Handwoven Fabric Makers Push Back Against Automation
In Iseyin, a quiet town in southwestern Nigeria, shaded corners beneath trees, narrow alleys and makeshift sheds hum with life. These humble spaces double as workshops for *aso-oke*, a richly textured handwoven fabric indigenous to the Yoruba people. Demand for the fabric has surged both locally and internationally, driven by the diaspora and the global rise of Nigerian fashion and music. Yet, even as popularity grows, artisans remain firm, as mechanisation, they say, would strip the fabric of its soul. Roughly 200 kilometres from Lagos, Nigeria’s fashion capital, Iseyin is widely regarded as the spiritual home of aso-oke. Under the...
Nature
Nigeria’s Argungu Fishing Festival Returns After Six-Year Hiatus
Thousands of fishermen gathered at the Matan Fada River in northwestern Nigeria as the renowned Argungu International Fishing Festival made a vibrant return after a six-year hiatus caused by insecurity in Kebbi State. Participants plunged into the river with nets and gourds, competing for honours in a spectacle that blends sport, culture and tradition. The festival, one of Nigeria’s most iconic cultural events, drew large crowds of spectators, with colourful displays, music and local festivities adding to the atmosphere. “This year, things went peacefully, and there was a bigger crowd than last time and also we caught a hundred percent...