fkelly:
Why wont people be hoarding cash when the government and banking sector have decided to make people suffer unnecessarily imagine atm dispensing only 5k in Benin, tell me why i shouldn't hoard the next cash i get?

You're lucky to see 5k. In my area, the ATM can't despense 1k talkless 5k. We now prefer to withdraw and deposit with the POS dealers.
You will go and queue to withdraw 5k and getting to your turn, no money again . Whereas, POS na sharp sharp.
I even learned that if you deposit from 500k as individual from 1st may, bank will charge 20% from the money. Wahala deyooo.

Labour came up with Thier figure and they went ahead to give us the breakdown for the family of six. Why govt couldn't come up with Thier own figure uptill now for us to see if truly it looks like a living wage.
I learned that the government were looking at 70k. Ok, let them give us the breakdown on how a family of six can live comfortably with 70k.
Looking at the figure presented by labour,even if they say 100k, govt and people will still say is high, so for me ,the starting figure from labour for negotiation is not bad. Definitely it will come down to an agreed figure.

kenny160:
you raise a good point my brother, not the increment be the koko if they increase to that unrealistic amount demanded by labour, it will creapled our economy totally.

Labour came up with Thier figure and they went ahead to give us the breakdown for the family of six. Why govt couldn't come up with Thier own figure uptill now for us to see if truly it looks like a living wage.
I learned that the government were looking at 70k. Ok, let them give us the breakdown on how a family of six can live comfortably with 70k.
Looking at the figure presented by labour,even if they say 100k, govt and people will still say is high, so for me ,the starting figure from labour for negotiation is not bad. Definitely it will come down to an agreed figure.

olaideeeedris:
I am sure these guys are not really serious with this thing they are doing. Increments in salary will only invite inflation. For me, I think what the workers should fight for is the naira purchasing power. If my salary is 20k, I should be able to purchase good things with it. For example, with 20k salary:
Bag of rice.... #950
House rent (annually)... #230
Sch fees (private sch)... #110 (very expensive)
Car (moderate).... #6500
Buy a house... #4250 etc
Oya wake me up!!

Continue dreaming

Please our honourable Engineers in the house, I want to know the truth on the subject matter. Thanks

Why is he running if he has not committed any offence. Idiot.

Morbeta11:

https://leadership.ng/ncos-moves-bobrisky-from-ikoyi-to-kirkiri-prison/

Noted

How good is 0.45 stone coated roofing tiles (shingle )

How good is 0.45 stone coated roofing tiles (shingle)

How much?

They keep on sharing the subsidy money among the states and if you look at all the states in Nigeria, you cannot see a tangible thing or development done with the money for eight good months now. To pay workers 35k na problem.

Abeg, they should do something about roofing sheets also. The prices per square metre is too much. People can't roof their houses anymore.

Acekidc4:
People should give Tinubu time, he will surely perform and do wonders. You all will thank him later. Things are really bad, we all know but it won't be for long.

Tinubu may have a good motives but the people working under him might be the problem for his plans not working. Nigerians are terrible set of people especially our leaders.

Nothing spoil, It was created for human consumption.

100k would have look like a living wage. Anything less than that to me is a minimum wage. My opinion.

You are heal in Jesus name. Amen.

Last minute chopping

The man will live long. I tell you

We have not gotten enough information on the subject matter. I will like to know why 0.45 guage metcoppo sheet is not good for roofing.

So sad. May her soul rest in peace.

Ladies were full ground, na him where one small boy the Bleep up

... I can see the level of illiteracy in him

She is a lazy type. You cannot satisfy their wants. I came across one of them in my school days, I dated her when we were in school and she keeps telling me that she cannot marry a man who does not have a car and wealthy. But uptil now she is not married as pretty as she was then. I met her two years back and almost wept. You mean over 20 years now since we graduated, you haven't married?

In the days of His power, the people shall be willing. Praise God

Na them go still sufer am. After burning the bank, money will go come out. Abi. So many youths in this country needs rehabilitation.

FarahAideed:



Another low IQ clown with nothing to offer than miserable low level sentiments .if you don't have the range to understand what I have said then say so..

Buhari wakes up lies to low intelligent characters like you that some politicians have stashed money in houses to buy vote and this is his solution:

1.To shabily pull out 3 trillion naira if old notes out of the economy .
2. Fails to replace them with 3 trillion of the new notes but instead under prints only 300 billion naira of the new notes .

3 : triggers a needless cash scarcity which inturn triggers a cash stampede by helpless NIGERIANs looking for cash in an economy where 40 percent still remain unbanked .

4.. Lies to the stampeding Nigerian that he has released enough money to banks when he has not which in turn pitches the masses against innocent bankers and the masses start getting aggressive against banks and at same time start a bank run which starts to hurt the banking industry.

5.. does not give bank enough time to scale the capacity of the the National electronic transaction switches being run by NIBBs so suddenly overnight demand for E- transaction grow by over 100 folds and the NIBBs capacity can't handle it smoothly leaving the entire system overwhelmed

6. And he is doing all this just weeks to a major National election.

7 . On Monday Bank workers are starting to withdraw their services which will deal more blows to the already weakened economy failed church rats like you are already struggling to survive in but since your brain is small you believe it's okay to suffer as long as Tinubu suffers 😅.. but in reality both has really affected Tinubu

More money can not be inject into the country when some people are still hoarding half of the old note with them. The amount of old notes CBN is expected to come back is less than what came in. So the deadline is necessary to allow people hoarding the old notes brings it out before circulating the new ones.

*The Supreme Court And Their Interim Order Against The CBN - The Facts and Falsehoods.*

I’ve seen lots of misleading information being peddled by some print media.

They’re claiming that the earlier Interim Order by Supreme Court still subsists and operates as injunction against the CBN.

By their own logic, the old Naira note is still valid and legal tender, due the interim order of the Supreme Court.

Well, I don’t know how best to explain the life span of Interim Orders to non-lawyers

But let me try.

An Interim Order is usually given to last for 7days.

And renewable after expiration of 7days, upon application for renewal.

Interim orders are quite different from the Interlocutory Injunctions.

Interlocutory Orders are made to last throughout the duration of the case, no matter how long the case may last in court.

The nature of the Supreme Court order against the federal government or CBN is;

Interim Injunction.

Duration is 7days.

As at today, that order has expired.

It expired by effluxion of time.

The Supreme Court sat today

The review all the facts before it, but REFUSED to renew their already expired Interim Order.

The Plaintiffs, knew the interim order has expired

They tried to get the Supreme Court to approve renewal for them

But, the Supreme Court vehemently rejected their application for renewal, but rather adjourned the case for 22nd of February for further proceedings.

The legal and natural implications of this scenario is that;

there’s absolutely no further Order restraining the CBN from going ahead with its plans, decisions, and full implementation of its new rules and policies in accordance with its constitutional duties.

Concomitantly, the deadline for the old Naira notes remains irreversible.

What it means is that; there’s no legal impediments, no obstacles or restrictions against the CBN from enforcing its rules about the use of the new Naira.

Barr. Azubuike Ihemeje

Please watch and share
https://fb.watch/iL5nWj44L3/

.^that's great

litigator:
The thing is that even the court registries are not obeying the court's directives. I learnt that even the Supreme Court's registry no longer accepts old notes of 500 and 1000.

There lies your answer.

Hahaha, wahala deyoooo

Good

Jorussia:
no both of them

No, it's only 200 naira notes