D West TV, #1 Kuje, Abuja (2024)

20/11/2023

AN ADDRESS AT A PRESS CONFERENCE BY RT. HON EDISON EHIE, DSSRS, SPEAKER, RSHA ON MONDAY, NOVEMBER 20, 2023.

25/10/2023

Breaking News: Supreme Court Sets October 26th as Judgment Date for Obi, Atiku, Tinubu Case.

15/09/2023

Just In President Tinubu Appoints Yemi Cardoso as CBN Governor

𝐏𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭 𝐁𝐨𝐥𝐚 𝐓𝐢𝐧𝐮𝐛𝐮 𝐍𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐬 𝐘𝐞𝐦𝐢 𝐂𝐚𝐫𝐝𝐨𝐬𝐨 𝐀𝐬 𝐂𝐁𝐍 𝐆𝐨𝐯𝐞𝐫𝐧𝐨𝐫, 𝐍𝐚𝐦𝐞𝐬 𝐃𝐞𝐩𝐮𝐭𝐢𝐞𝐬

According to a statement by the presidential spokesman Ajuri Ngelale,

"President Bola Tinubu has given his approval for Dr. Olayemi Michael Cardoso to assume the role of Central Bank of Nigeria (CBN) Governor for an initial term of five (5) years, pending Senate confirmation.

Additionally, apart from Dr. Cardoso, who hails from Lagos, President Tinubu has selected four deputy governors for the CBN.

Ajuri mentioned that this action aligns with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which grants the President of Nigeria the authority to appoint the CBN Governor and four (4) Deputy Governors, subject to Senate confirmation.
He explained that the instruction aligns with Tinubu's Renewed Hope agenda, where the Nigerian leader anticipates their successful ex*****on of essential reforms at the Central Bank of Nigeria.

These appointments follow President Tinubu's selection of Folashodun Shonubi as the interim CBN Governor several months ago. Prior to this appointment, Shonubi served as the Deputy Governor responsible for the operations directorate at the bank. This change in Shonubi's position occurred after the suspension of Godwin Emefiele, who previously held the position of CBN Governor.

This action follows the ongoing investigation of his office and the proposed reforms in the financial sector, as confirmed by Willie Bassey, the Director of Information in the Office of the Secretary to the Government of the Federation, while addressing Emefiele's suspension. Subsequently, Emefiele was taken into custody by the Department of State Services (DSS) but was later released on bail.
Emefiele, initially appointed by former President Goodluck Jonathan in 2014, faced significant criticism towards the end of his term due to the naira swap/redesign policy introduced by ex-President Muhammadu Buhari's administration. This policy led to a liquidity crisis in the country, sparking protests in the lead-up to the 2023 general elections.

While the Central Bank of Nigeria (CBN) enforced the use of new banknotes and phased out old currency notes, it required a Supreme Court order to allow the concurrent usage of both new and old naira notes.

During his campaign, Tinubu criticized this policy, promising to reverse it if elected, deeming it excessively stringent. Upon assuming office, he fulfilled this promise, declaring that his administration would recognize both currencies as legal tender."

©𝐷.𝑊𝑒𝑠𝑡 𝑇𝑉

15/09/2023

𝐏𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭 𝐁𝐨𝐥𝐚 𝐓𝐢𝐧𝐮𝐛𝐮 𝐍𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐬 𝐘𝐞𝐦𝐢 𝐂𝐚𝐫𝐝𝐨𝐬𝐨 𝐀𝐬 𝐂𝐁𝐍 𝐆𝐨𝐯𝐞𝐫𝐧𝐨𝐫, 𝐍𝐚𝐦𝐞𝐬 𝐃𝐞𝐩𝐮𝐭𝐢𝐞𝐬

According to a statement by the presidential spokesman Ajuri Ngelale,

"President Bola Tinubu has given his approval for Dr. Olayemi Michael Cardoso to assume the role of Central Bank of Nigeria (CBN) Governor for an initial term of five (5) years, pending Senate confirmation.

Additionally, apart from Dr. Cardoso, who hails from Lagos, President Tinubu has selected four deputy governors for the CBN.

Ajuri mentioned that this action aligns with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which grants the President of Nigeria the authority to appoint the CBN Governor and four (4) Deputy Governors, subject to Senate confirmation.
He explained that the instruction aligns with Tinubu's Renewed Hope agenda, where the Nigerian leader anticipates their successful ex*****on of essential reforms at the Central Bank of Nigeria.

These appointments follow President Tinubu's selection of Folashodun Shonubi as the interim CBN Governor several months ago. Prior to this appointment, Shonubi served as the Deputy Governor responsible for the operations directorate at the bank. This change in Shonubi's position occurred after the suspension of Godwin Emefiele, who previously held the position of CBN Governor.

This action follows the ongoing investigation of his office and the proposed reforms in the financial sector, as confirmed by Willie Bassey, the Director of Information in the Office of the Secretary to the Government of the Federation, while addressing Emefiele's suspension. Subsequently, Emefiele was taken into custody by the Department of State Services (DSS) but was later released on bail.
Emefiele, initially appointed by former President Goodluck Jonathan in 2014, faced significant criticism towards the end of his term due to the naira swap/redesign policy introduced by ex-President Muhammadu Buhari's administration. This policy led to a liquidity crisis in the country, sparking protests in the lead-up to the 2023 general elections.

While the Central Bank of Nigeria (CBN) enforced the use of new banknotes and phased out old currency notes, it required a Supreme Court order to allow the concurrent usage of both new and old naira notes.

During his campaign, Tinubu criticized this policy, promising to reverse it if elected, deeming it excessively stringent. Upon assuming office, he fulfilled this promise, declaring that his administration would recognize both currencies as legal tender."

©𝐷.𝑊𝑒𝑠𝑡 𝑇𝑉

15/05/2023

Just In: New King Crowned in Historic Coronation Ceremony in Rumuolumeni.

The Rumuolumeni people have recently crowned a new king in a historic coronation ceremony. The ceremony, which took place in the Rumuolumeni palace, was attended by dignitaries. The new king, His Royal Highness, Eze Victor Chukwkuemeka Elvis Nmeham Woji Okocha., was presented with the traditional crown and staff of office by the Onowu, Eze Victor Chukwkuemeka Elvis Nmeham Woji Okocha. celebration. The coronation was marked, prayers, as well as speeches from local and national leaders. The new king is committed to continuing the legacy of his predecessor, and is looking forward to working with the people of Rumuolumeni to ensure a prosperous future for the kingdom.

Source: D.West TV.

13/03/2023

Just In: CBN Breaks Silence, Says Old N200, N500, N1,000 Notes Remain Legal Tender Till Dec 31 2023.

22/02/2023

BREAKING NEWS: Supreme Court adjourns Naira redesign case till March 3rd 2023.

Supreme Court yet again postpones judgemrnt on the old Naira Notes to March 3 for their ruling. The Supreme Court made no clear order as to whether the order to continue using the old note still subsists. When asked to comment on whether the CBN & President Buhari.

16/02/2023

Breaking:
President Buhari Extends The Validity Of Old
₦200 Notes Till April 10th 2023.

President Muhammadu Buhari has ordered the CBN to allow only the Old ₦200 Naira note remain Legal tender by 60 days. That's til April 10th 2023.

© D.WEST TV.

15/02/2023

Breaking:
The Supreme Court of Nigeria has adjourned the case on the naira swap policy of the Central Bank of Nigeria (CBN) till Wednesday, February 22 for hearing of the consolidated suits by 10 states.

Credit: Channels Tv

08/02/2023

Just In:
Supreme Court of Nigeria Suspends Feb.10th Deadline For The Use of Old Currency Notes

The Supreme Court of Nigeria has issued a restraining order preventing the Central Bank of Nigeria (CBN) from implementing its deadline for discontinuing the old N200, N500 and N1000 notes as legal tender.

29/01/2023

Breaking

Just In: CBN Extends the Deadline for the Use of Old Naira Notes til Feb 10th 2023. and a grace period of 7 days After the Feb.10th 2023.

29/01/2023

Just In: CBN Extends the Deadline for the Use of Old Naira Notes til Feb 10th 2023. and a grace period of 7 days After the Feb.10th 2023.

23/11/2022

Redesigned Naira Notes

23/11/2022

Naira Redesign: President Buhari Unveils Redesigned Naira Notes, As CBN Raises Interest Rate.

The Central Bank of Nigeria (CBN) has gotten the node of President Muhammadu Buhari to unveil the redesigned high-denomination bank notes today, in a frenzied twist to achieve the ambitious of unveiling the new N200, N500, N100 notes.

The CBN had announced on October 26 that it will issue the redesigned N200, N500, and N1,000 notes, effective December 15, 2022, while the new and existing currencies will remain legal tender and circulate together until January 31, 2023.

However, addressing reporters at the end of a two-day Monetary Policy Committee meeting yesterday, Governor of the Central Bank Godwin Emefiele said against the earlier date for the unveiling, President Buhari will launch the new naira notes today (Wednesday) at the weekly meeting of Federal Executive Council.

Speaking during the last MPC for this year, Emefiele also announced the decision of the committee to raise benchmark interest rate by yet another 100-basis point to 16.5 percent from 15.5% to rein in surging inflation around other parameters.

The committee voted unanimous to raise the Monetary Policy Rate (MPR). Nine members voted to raise the MPR by 100 basis points and two members voted to raise the MPR by 50 basis points.

Emefiele said MPC took the decision to moderately tighten the rates to ensure the gains of the past tightening are not eroded by a listening or holding of the rates.

He said MPC decided to continue to tighten, but at a somewhat lower rate, noting that tightening the stance of policy would narrow the negative real effective interest margin and thus improve market sentiment and further restore investor confidence.

Mr Emefiele also insist that the bank will not shift the January 2023 deadline for the existing notes to be acceptable as legal tender. There had been object in some quarters as some critics say that the six-week window will cause stamped at banks. Others also argue that the timeline would hurt the rural poor who do not have easy access to bank branches.
The answer remains no, capital No! We will not shift any deadline,” the CBN governor said when asked if the central bank was going to shift the deadline. He said what the bank has done is in tandem with the law. Emefiele said the almost 100 days window for people to return the old currencies is enough for any person in any part of Nigeria to deposit his/her money.

On whether the bank has made adequate provisions to make sure that those who have cash are able to deposit their cash in the banks, Emefiele said: “my answer is yes.”

On 26th of October when he made the announcement of the introduction of new notes, Emefiele said all banks will keep their currency processing centres open from Mondays to Saturdays. He said that CBN has 36 core processing centres all over the country.

The CBN governor claims that as of October 2022, agency banking network in Nigeria has increased to 1.4 million, in almost all the local governments of the country.

nitely cannot see any reason why anybody would say that he needs an extension because he can’t deposit his money in the bank. It will if you’re in a rural area and the rural areas are the agency networks is like saying that we have worked on for currency points are over the country,” he stated.

MPC noted that inflation has continued an uptrend, even though at a decelerating rate, despite its last three consecutive sizeable policy rate hikes.

Credit: Leadership

15/10/2022

Fight ensues during Abalama Students Association Congress Meeting.

05/10/2022

The Rivers State Independent National Electoral Commission. (INEC) has published names of The Governorship Candidates For The 2023 Gubernatorial Elections.

Check List Below.