JAMB EXPLAINS ‘NOT ADMITTED’, ‘ADMISSION IN PROGRESS’ STATUSES. (PHOTO).

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 JAMB explains ‘not admitted’, ‘admission in progress’ statuses The Joint Admissions and Matriculation Board has explained the meanings of the “Not Admitted,” “Admission in Progress” and “Admitted” statuses displayed on candidates’ Central Admissions Processing System. JAMB gave the explanation in an explainer video shared on Thursday, urging candidates to continue checking their CAPS for updates as the admission process progresses. Explaining the “Not Admitted” status, the Board said, “This simply means you’ve not been offered admission yet. However, it does not necessarily mean you will not be admitted.” It advised candidates whose status remained “Not Admitted” to keep checking their CAPS for possible updates. The Board also explained that “Admission in Progress” could indicate that an institution had proposed a candidate for admission but the process was yet to be completed. “This means your institution’s admission officer has proposed you for admission, but awaiting the head o...
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CBN SPENDS N58.6 BILLION TO PRINT 2.5 BILLION PIECES OF NAIRA NOTES.{PHOTOS}

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The Central Bank of Nigeria spent the sum of N58.618 billion to print 2.518 billion Naira notes, valued at 1. 063 trillion in, 2020.


This was contained in the bank’s 2020 Currency Report posted on its website.


It indicated a decrease in the bank’s expenditure on currency printing, which stood at N75. 523 billion, in 2019 and N64. 040 billion, in 2018.


The current management of the CBN under the leadership of Mr. Godwin Emefiele, has been driving the cashless policy with a view to cutting the cost of printing bank notes and cash management, in the country. The new e-Naira was also initiated in line with the policy.


According to the report, “The total cost incurred on printing of banknotes in 2020 amounted to N58,618.50 million, compared with N75,523.50 million in 2019, indicating a decrease of ₦16,905.00 million or 28.84 per cent.”

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