• Home
  • About Us
  • Contact Us
Wednesday, March 22, 2023
Star Lite News
  • Home
  • News
    • All
    • Business
    United Kingdom

    Elections: UK To Close Lagos Visa Application Centres Monday Over Safety Concern

    Buhari

    Buhari Signs Amended Constitution To Allow States Generate, Transmit Electricity

    53-year-old woman who was allegedly found with laminated electoral materials

    Lagos Police Arrest Woman With Laminated INEC Materials

    Inspector-General of Police

    Guber Election: IGP Orders Restriction Of Movement On Election Day

    House of Representatives

    Reps Extend Resumption By One Week

    Sanwo-Olu

    Sanwo-Olu: Old Naira notes remain legal tender

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Adeniyi Johnson and Seyi Edun

    Actor Adeniyi And Wife Finally Become Parents As They Welcome Twins

    Nollywood Veterans Visits Agbaminoja

    Agbaminoja Plays Host To Nollywood Veterans

    Nancy Isime

    Filming with legends will forever put a big smile on my face – Nancy Isime

    Coolio

    American Rapper, Coolio, Dies Suddenly In Friend’s House

    Ned/Laila

    ‘I listened too much to outsiders’ – Ned Nwoko’s 5th wife Laila apologises to him

    Dayo Amusa

    He Saved Me From My Rubber Band Phone”: Actress Dayo Amusa Shares Epic Throwback Photo With Pasuma

  • Lifestyle

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
  • Home
  • News
    • All
    • Business
    United Kingdom

    Elections: UK To Close Lagos Visa Application Centres Monday Over Safety Concern

    Buhari

    Buhari Signs Amended Constitution To Allow States Generate, Transmit Electricity

    53-year-old woman who was allegedly found with laminated electoral materials

    Lagos Police Arrest Woman With Laminated INEC Materials

    Inspector-General of Police

    Guber Election: IGP Orders Restriction Of Movement On Election Day

    House of Representatives

    Reps Extend Resumption By One Week

    Sanwo-Olu

    Sanwo-Olu: Old Naira notes remain legal tender

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Adeniyi Johnson and Seyi Edun

    Actor Adeniyi And Wife Finally Become Parents As They Welcome Twins

    Nollywood Veterans Visits Agbaminoja

    Agbaminoja Plays Host To Nollywood Veterans

    Nancy Isime

    Filming with legends will forever put a big smile on my face – Nancy Isime

    Coolio

    American Rapper, Coolio, Dies Suddenly In Friend’s House

    Ned/Laila

    ‘I listened too much to outsiders’ – Ned Nwoko’s 5th wife Laila apologises to him

    Dayo Amusa

    He Saved Me From My Rubber Band Phone”: Actress Dayo Amusa Shares Epic Throwback Photo With Pasuma

  • Lifestyle

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
Star Lite News
No Result
View All Result
Home News

Council of State Backs FG New Monetary Policy

starliteadmin by starliteadmin
February 10, 2023
in News
0
National Council of State
0
SHARES
0
VIEWS
Share on FacebookShare on WhatsAppShare on Twitter

The National Council of State has backed the Federal Government’s new monetary policy but tasked the Central Bank of Nigeria (CBN) to take urgent steps to arrest the scarcity of cash across the nation.

CBN Governor Godwin Emefiele was advised to make new naira notes available or re-circulate old naira notes to ease the suffering of Nigerians.

Attorney-General of the Federation and Minister of Justice, Abubakar Malami accompanied by Governors Babajide Sanwo-Olu (Lagos) and Darius Ishaku (Taraba) briefed reporters with presidential spokesman Femi Adesina on outcomes of the meeting.

Disclosing the final resolutions of the meeting, Malami said the two major issues deliberated were the level of preparedness for the general elections, for which he said the Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, and the Inspector-General of Police (IGP), Alkali Baba assured of adequate readiness.

He said the briefing on the new monetary policy, including the re-designing of some categories of the naira, elicited reactions and opinions, adding that the conclusion was that the CBN should do more to ensure there is circulation of adequate cash in the system to alleviate the harsh realities trailing the policy.

“So by way of conclusion, the two major resolutions that were driven, arriving from the deliberations of the Council, are one that we are on course as far as election is concerned and we are happy with the level of preparation by INEC and the institutions.
“Two, relating to the naira re-designed policy, the policy stands, but then the Council agreed that there is need for aggressive action on the part of the Central Bank, as it relates to the implementation of the policy by way of ensuring adequate provision being made with regard to the supply of the naira in the system,” he said.

Tags: Abubakar MalamiAlkali BabaAttorney-General of the Federation and Minister of JusticeCBNCBN Governor Godwin EmefieleCentral Bank of NigeriaChairman of the Independent National Electoral CommissionDarius IshakuFederal GovernmentGovernors Babajide Sanwo-OluIGPINECInspector General of PoliceLagosNational Council of StateNew Monetary PolicyPresidential Spokesman Femi AdesinaProfessor Mahmood YakubuStarlitenewsTaraba
Previous Post

Fidelity Bank Appoints Pamela Shodipe As Executive Director, South Directorate

Next Post

Wema Bank builds capacity for owners and managers of SMEs in Enugu

starliteadmin

starliteadmin

Related Posts

United Kingdom

Elections: UK To Close Lagos Visa Application Centres Monday Over Safety Concern

by starliteadmin
March 17, 2023
0

The United Kingdom says its Visa Application Centres (VAC) in Lagos will be closed on March 20 over safety concerns arising from the forthcoming gubernatorial election....

Buhari

Buhari Signs Amended Constitution To Allow States Generate, Transmit Electricity

by starliteadmin
March 17, 2023
0

President Muhammadu Buhari has signed into law the constitutional amendment allowing states in the country to licence, generate, transmit, and...

53-year-old woman who was allegedly found with laminated electoral materials

Lagos Police Arrest Woman With Laminated INEC Materials

by starliteadmin
March 17, 2023
0

The Lagos State Police Command has arrested a 53-year-old woman who was allegedly found with laminated electoral materials. The command’s...

Inspector-General of Police

Guber Election: IGP Orders Restriction Of Movement On Election Day

by starliteadmin
March 16, 2023
0

The Inspector-General of Police (IGP), Usman Baba, has ordered a restriction on all forms of vehicular movement on roads, waterways,...

House of Representatives

Reps Extend Resumption By One Week

by starliteadmin
March 13, 2023
0

Contrary to the initial plans to resume legislative activities tomorrow, the House of Representatives has extended its resumption by one...

Sanwo-Olu

Sanwo-Olu: Old Naira notes remain legal tender

by starliteadmin
March 13, 2023
0

The Lagos State Government has noted the hardship sparked by the Naira redesign policy, which has affected business and commercial...

Next Post
Wema Bank

Wema Bank builds capacity for owners and managers of SMEs in Enugu

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

  • A Day With Legends of Nollywood

    Legends of Nollywood Financial Summit Is Here, Meet The Speakers: Apostle Anselm Madubuko, Mrs. Bukola Agbaminoja, Pst. Moji Bakare Asieru-sweet, Others

    0 shares
    Share 0 Tweet 0
  • Akmodel First Physical Allocation At Akmar Flourish Gardens Epe (Photos)

    0 shares
    Share 0 Tweet 0
  • Unity Bank, Lagos Food Bank Partner To Donate Food Items To Lagos Community

    0 shares
    Share 0 Tweet 0
  • AKMODEL Groups C.E.O, Bldr. Odegade Clocks A New Age

    0 shares
    Share 0 Tweet 0
  • Agbaminoja, CSP Oriyomi, Dr. Kenny Muibi, Others Storm AKMODEL GROUPS 2nd Anniversary (Photos)

    0 shares
    Share 0 Tweet 0

Recent Posts

  • International Water Day: Viju Industries Promises Healthier Products As UN Seeks To Solve Water And Sanitation Crisis
  • Elections: UK To Close Lagos Visa Application Centres Monday Over Safety Concern
  • Buhari Signs Amended Constitution To Allow States Generate, Transmit Electricity
  • Lagos Police Arrest Woman With Laminated INEC Materials
  • Empowerment: 30 Host Community Youths Graduate from Dangote Electrical Training Programme
Starlite news icon

Browse by Category

Archives

  • Home
  • About Us
  • Contact Us

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Contact Us
  • About Us
  • Business
  • Politics
  • World
  • Entertainment
  • Lifestyle

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.