PUTIN WOOS AFRICAN LEADERS AT SHOWCASE SUMMIT, SAYS RUSSIA IS BETTER PARTNER THAN 'COLONIAL' WEST. (PHOTO).

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 Putin woos African leaders at showcase summit, says Russia is better partner than 'colonial' West President Vladimir Putin told African leaders ​on Wednesday that Russia was their best partner, accusing what he cast as a colonial West of still trying ‌to exploit the continent's resources and using debt to hold back development, Reuters reported. The Kremlin chief was speaking at the third Russia-Africa Summit in Moscow, a two-day event attended by African leaders and government delegations from 48 countries, during which he will hold one-on-one talks with many of the 22 individual African leaders ​attending on everything from trade to security, arms deals and grain supplies. "Africa is increasingly asserting itself as one of the key players in the global economy and politics. However, the emergence of a multipolar world is, of ​course, no easy task; it faces resistance from countries that are not prepared to accept this reality: those who are accustomed to ​thinking i...
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ONITSHA TRADERS COMMEND CBN FOR THE EXTENSION. (PHOTO).#PRESS RELEASE.

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Extension of Deadline For Old Naira Notes: Onitsha Traders Commend CBN


BY Obianuju Azukaego/Nkiru Anakor 


The traders in Onitsha have expressed complacent over the extension  of new naira notes deadline, commending the Governor of Central Bank of Nigeria (CBN) Dr. Godwin Emefiele for his understanding.


The information officers reported that traders in Onitsha markets had mounted pressure on CBN to extend the deadline for old naira notes to cease being legal tender.


A trader at Ogbaru Main Market popularly known as Relief Market, Mr. Sunday Ogbuka said that the redesigned naira notes were in short supplies in commercial banks, alleging that the new money was being sold in black markets across markets in the State.


Mr. Ogbuka said that the extension of the deadline to Feb. 10 by CBN was a prayer answered as many of his fellow traders were clamouring for the extension.


He said that other traders during the sensitisation of traders in major markets in Onitsha at the weekend by officials of the Central Bank were not happy about the short notice deadline of the old naira notes.


One of the traders, Mr. Chigozie Ezenwa said: “The old notes are expected to be out of circulation by January 31 yet there is scarcity of the new notes as banks keep dispensing old notes to their customers".


The information officers also gathered that different stakeholders, including Monarchs and Religious Leaders in the State had mounted pressure on CBN officials during advocacy visits on them to extend the deadline in order to allow the new notes to circulate well and ensure the mop up of the old notes.


The Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10 days.


In a press statement issued on Sunday, Dr. Emefiele, the CBN Governor, said the new deadline is Feb.10. (MOI)


The information officers report from Onitsha


RNI

 

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