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NEWS TITBIT

Good day! below are summary of News stories across Nigeria and Abroad:

1. President mohammadu Buhari has addressed the nation on the current issue of redesinging of naira note. The president said that he was addressing Nigerians as a democratically elected President to identify with them and express his sympathy over the difficulties being experienced at the implementation of new monetary policies aimed at boosting the economy and tightening of the loopholes associated with money laundering. DAILY TRUST

2. President Muhammadu Buhari has approved the restoration of the old N200 notes as legal tender. He made this announcement in a national broadcast on Thursday morning. Buhari said, “To further ease the supply pressures, particularly to our citizens, I have given approval to the CBN that the old N200 bank notes be released back into circulation. “And that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days from February 10, 2023 to April 10 2023 when the old N200 notes cease to be legal tender. DAILY POST

3. Governor Nasir El-Rufai of Kaduna state has alleged that some Federal Government officials are seeking out-of-court settlement over the controversy trailing the currency swap policy of the Central Bank of Nigeria, CBN. Recall that the Supreme Court adjourned the suit filed by state governments to challenge the naira redesign policy of the apex bank till February 22. But, El-Rufai, in a statement released a few hours after the apex court’s adjournment, dismissed reports that some governors had held a meeting with the Federal Government over the issue. VANGUARD

4. At least 73 migrants are missing and presumed dead after their boat sank off the Libyan coast, according to the UN’s International Organization for Migration (IOM). Only seven people survived Tuesday’s shipwreck but are in “extremely dire conditions” in hospital. So far 11 bodies have been recovered by the Libyan Red Crescent and police. BBC

5. The Kaduna State government has said that officials of the federal government have contacted Governor Nasir El-Rufai and some of his colleagues to settle the naira redesign saga matter out of court. The terms they proposed was to allow only the old 200 naira note to remain legal tender and be circulated by the CBN till 10 April 2023. They claimed that the CBN had already destroyed the old 500 and 1000 naira notes that had been deposited but that those persons who still held the old notes could redeem them up to 10 April 2023. DAILY TRUST

6. Tottenham Hotspur’s owners are committed to their long-term objectives and have no plans to sell the Premier League Side amidst £3.1 billion takeover speculations. Reports in England went viral earlier on Wednesday claiming that billionaire Jahm Najafi intends to pay at least £3.1 billion to purchase Tottenham Hotspur before the end of this year. The Iranian-born American businessman, Najafi hasn’t tried to get in touch with anyone at Tottenham yet but it has already sparked mixed reactions across England, especially amidst Spurs’ fans. NAIJA NEWS

7. Cynthia, wife of Big Brother Naija reality TV show host, Ebuka Obi Uchendu has condemned a threat made against her husband by a fan of Big Brother Titans, BBTitans. The troll, who felt Ebuka’s question to one of the BBTitans housemates, Yemi Cregx during the Sunday eviction night show was unfair, took to social media to curse him. DAILY POST

8. Ukraine on Thursday reported a new wave of an overnight Russian missile and drone strikes, which killed at least one and damaged many buildings. The Ukrainian army said it shot down 16 of the 36 missiles Russia launched overnight from planes and ships in the Black Sea. “Unfortunately, there were hits in the north and west of Ukraine, as well as in the (central regions of) Dnipropetrovsk and Kirovograd,” presidential chief of staff Andriy Yermak said. PUNCH

9. The Supreme Court has said its February 8 order restraining the Federal Government and its agencies from enforcing the February 10 deadline for the use of old 200, 500 and 1,000 naira notes still stands. This followed an application by counsel to Kaduna State, Abdulhakeem Mustapha seeking to penalise the federal government for non-compliance with the earlier order of the apex court suspending the currency swap deadline of February 10. DAILY TRUST

10. The Federal Executive Council has approved the Electronic Cargo Tracking System (ECT) to aid the elimination of oil theft in the country. Mu’azu Sambo, the Minister of Transportation, disclosed this on Wednesday while briefing State House correspondents after the Federal Executive Council meeting presided over by President Muhammadu Buhari at the Aso Rock Villa. Sambo underlined that the tracking system which intrinsically ensures the elimination of loopholes in border operations and provides a boost to the Federal government’s revenue in form of duties, port charges and levies, is also expected to generate up to 235-million-naira revenue for the Federal Government. CHANNELS

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