HIGH STAKES IN MOROCCO SHOWDOWN AS NIGERIAN BILLIONAIRE PUTS $500,000 ON THE LINE.(PHOTO).

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 High stakes in Morocco showdown as Nigerian billionaire puts $500,000 on the line. Nigerian billionaire Abdul Samad Rabiu has pledged significant cash bonuses to motivate the Super Eagles ahead of their Africa Cup of Nations semi-final clash against host nation Morocco. Rabiu, Chairman of BUA Group, announced a $500,000 reward for a victory, with an additional $50,000 promised for every goal scored in the match. The pledge was disclosed in a message posted on X following Nigeria’s 2–0 victory over Algeria in Marrakech, a win that secured the Super Eagles a place in the last four of the tournament. Rabiu further revealed that he would reward the team with $1 million if Nigeria goes on to win the AFCON title, alongside a bonus of $100,000 for each goal scored in the final. Nigeria, three-time AFCON champions, will take on Morocco on Wednesday, January 14, as the tournament enters its semi-final stage.
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CBN APPROVES CIRCULATION OF OLD NOTES.(PHOTO).

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Finally, CBN Speaks On Old Naira Notes 

 MAR 7, 2023  Central Bank of Nigeria, Isa Abdulmumin, Nigerians, Old Naira Notes, Supreme Court



Following the new directive of Supreme Court, the Central Bank of Nigeria (CBN) spokesman, Isa Abdulmumin, has said that both the old and new naira notes are now legal tender.

Speaking on Tuesday, Abdulmumin said even though the CBN is yet to issue an official statement on the matter, Nigerians can now spend and collect both the old and new notes.

He added that the apex bank just wants to make life easy for Nigerians and has directed commercial banks to obey the supreme court ruling which extended the validity period of the old notes to the end of the year.

The CBN spokesman said, “Banks are paying old notes as well as new notes. They are all legal tender.

“Yes, the CBN has not issued an official statement on the issue. Anyone banks give to you, you can collect. We just want to make life easy for Nigerians.”

Abdulmumin expressed concern about the continued rejection of the old notes by some traders and transporters.

The CBN spokesman said the old notes should not be rejected as they are still a valid means of exchange.

He added: “No. They can’t reject it. It’s all legal tender.”

Recall that some states had dragged the Federal Government before the apex court over the controversy trailing the naira redesign policy of the CBN.

 

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