LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL. (PHOTO). #PRESS RELEASE.

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 LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL The Lagos State Government has announced traffic diversions and restrictions ahead of the Lagos Fanti Carnival scheduled to hold on Monday, 6th April, 2026, around Tafawa Balewa Square (TBS), Lagos Island. In a bid to ensure a seamless and hitch-free carnival procession, vehicular movement will be restricted along major adjoining roads linking TBS. Affected Routes are; King George V Road (by Mobil Filling Station), Flag House inbound TBS, Force Road inbound TBS, Onikan Roundabout inbound TBS, and WaterBoy Roundabout by Old Defence House. Additionally, all link roads to Moloney Road, such as Military Road (by Old Defence Building), Ajasa Street, Boyle Street, and Hawley Street, will be closed to traffic during the event. To ease parking challenges, designated car parks have been arranged for public use, these include; the Yoruba Lawn Tennis Club Car Park, Zone 2 Car Park (opposite Island Club along King George V Road), Museum Kit...
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HOUSE OF REPS ASKS CBN TO WITHDRAW OLD NAIRA NOTES, RELEASE SUFFICIENT NEW NOTES. (PHOTO).

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 House of Reps Asks CBN To Withdraw Old Naira Notes, Release Sufficient New Notes


Nigerian Lawmakers have urged the Central Bank of Nigeria (CBN) to ensure wide circulation of new notes of N200, N500 and N1000 as well as begin a gradual withdrawal of the old notes from circulation.


This call was made after a motion raised by Adam Victor Ogene (LP, Anambra), demanding that the Central Bank of Nigeria (CBN) should kick-start awareness programmes for Nigerians to be aware and prepare for the deadline of December 31, 2024.


Contributing to the discussion, the Labour Party lawmaker recounted the hardship, frustration, controversy and chaotic situation the implementation of the policy earlier caused in 2023.


He added that the scarcity of the new currency notes led to untold hardship in the nation as a result of the CBN’s inability to supply new versions of the changed currency notes.


"Going by the Supreme Court’s subsequent ruling and order, the N200, N500 and N1000 notes shall cease to be legal tender, medium of exchange for goods and services in Nigeria, and shall also cease to be in circulation as from January 1, 2025,” the lawmaker said. 


In 2022, a controversy erupted in Nigeria after the Central Bank of Nigeria (CBN), under the leadership of then-Governor Godwin Emefiele, announced plans to redesign and introduce new versions of three denominations of banknotes: N200, N500, and N1000.


The existing notes were to remain valid until January 31, 2023. 


The move had sparked widespread debate and discussion across the country.


According to Emefiele, the decision was reached due to persisting concerns around the number of naira notes outside the banking system.

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