CARRICK FAVOURITE FOR MAN UTD CARETAKER ROLE. (PHOTO)

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 Carrick favourite for Man Utd caretaker role Michael Carrick has emerged as favourite to be appointed Manchester United caretaker head coach, according to sources close to the process. Club chiefs are hoping to have an appointment in place for when players return to training on Wednesday. While a final decision is yet to be reached, talks are said to have progressed with the 44-year-old over the position. Carrick previously had a three-game stint as United's temporary boss following Ole Gunnar Solskjaer's dismissal in 2021. He won two and drew one of those matches but left after Ralf Rangnick's arrival as interim manager. Solskjaer held face-to-face discussions with the club on Saturday about a return. United sacked Ruben Amorim as manager after 14 months in the job on 5 January. Darren Fletcher, a former United and Scotland midfielder, was initially handed temporary responsibility for first-team affairs following Amorim's departure. United suffered an FA Cup third-rou...
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OLD NAIRA NOTES REMAIN LEGAL TENDER INDEFINITELY- CBN.(PHOTO).

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Old naira notes remain legal tender indefinitely – CBN

Central Bank of Nigeria, on Tuesday, extended the validity of the old N200, N500 and N1,000 notes indefinitely.

CBN Director, Corporate Communications, Isa AbdulMumin in a statement titled, “CBN To Allow Old Design Naira Banknotes As Legal Tender, Ad Infinitum”, said the decision is in line with international best practices and to forestall a repeat of earlier experiences implementing the policy.

The apex bank introduced the redesigned N200, N500 and N1.000 denominations in October 2022 and certain deadlines were set for the old design of these denominations to cease as legal tenders.

According to the statement, “Without prejudice, the Central Bank of Nigeria wishes to inform the general public of its desire to extend the legal tender status deadline of the old design of N200, N500 and N1,000 denominations; ad infinitum.

“This is in line with international best practices and to forestall a repeat of earlier experiences.

“Thus, all banknotes issued by the Central Bank of Nigeria, in accordance with Section 20(5) of the CBN Act 2007, will continue to remain legal tender, ad infinitum. even beyond the initial December 31, 2023, deadline.

“The Central Bank of Nigeria is working with the relevant authorities to vacate the subsisting court ruling on the same subject.

“Accordingly, all CBN branches across the country will continue to issue and accept all denominations of Nigerian banknotes, old and redesigned, to and from deposit money banks.

“The general public is enjoined to continue to accept all Naira banknotes (old or redesigned) for day-to-day transactions and handle these banknotes with utmost care, to safeguard and protect the lifecycle of the banknotes.

“Also, the general public is encouraged to embrace alternative modes of payment, e-channels, for day-to-day transactions.”

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