Report Claims Old N200 Notes Not Enough, Constitutes Only 9% of Currency in Circulation

1 month ago Legit.ng

President Buhari's directive to recirculate the old N200 notes into the system might just be a flash in the pan. With this in mind, the recirculation of N200 notes may not have a commendable impact in resolving the current scarcity. This directive followed protests and vandalism as a result of the recent scarcity of the new N200, N500, and N1000 notes. The research organisation insists that based on CBN's annual economic report, the highest volume of N200 notes was circulated in 2021. President Buhari orders the recirculation of old N200 notesIn his latest nationwide broadcast, President Buhari directed that the old N200 note can continue to function as legal tender in Nigeria until April 10, 2023.
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Capricorn facts: personality, soulmate, things that make them happy

As a result, Capricorn facts will help you learn about their personality, soulmate, and things that make them happy. Here are facts about the Capricorn zodiac sign that you should know about. Realistic and practicalOther facts about the Capricorn zodiac sign are they are realistic and practical. The above Capricorn facts will help you understand them better. READ ALSO: Most hated zodiac sign: top 5 least liked astrological signs rankedLegit.ng published an article about the most hated zodiac sign.

5 months ago Legit.ng

Facts about Gemini zodiac sign: powers, weaknesses, soulmate

People of this zodiac sign are extroverted, flexible, clever, and fun-loving. Fun facts about GeminiPeople have unique characters, and according to astrology, the characters are determined by the zodiac sign they belong to. The Gemini women love shopping. Top 4 strongest signsLegit.ng recently published an article about the most powerful zodiac sign. Find out how people under these zodiac signs behave and some of the renowned personalities linked to the signs.

5 months ago Legit.ng

Malaysia's nearly century-old Mahathir seeks re-election

Malaysia's Mahathir Mohamad, who is running for re-election to parliament, already holds the world record for oldest serving prime minister. In Langkawi, Mahathir told reporters that he stood a "good chance" of winning and laughed off suggestions he should retire. He also offered to become prime minister a third time. It's time to fight, fight, fight!" His chances this time to run as prime minister are extremely slim."

4 months ago Legit.ng

Volkswagen says China recovery accelerating

China is Volkswagen's biggest market and deliveries increased 33 percent in September. Auto giant Volkswagen said Friday its recovery in China was accelerating, but sounded a note of caution on geopolitical risks as concerns grow over German dependence on the Asian giant. But there was a 26 percent increase in deliveries in China, Volkswagen's biggest market, in the same period, and a 33 percent increase in September alone. China remains a "strong market for Volkswagen... We have strong partnerships in China," said the group's CEO Oliver Blume, who will accompany Chancellor Olaf Scholz on a visit to the world's number two economy next week. Need to be 'flexible'Asked about growing tensions over China, Blume responded that the company was keeping an eye on the "geopolitical situation".

4 months ago Legit.ng

Cameroon stun Brazil but go out of World Cup

Vincent Aboubakar headed in a stoppage-time winner and was then sent off as Cameroon claimed a memorable 1-0 victory over favourites Brazil at the World Cup on Friday, but still failed to go through to the last 16. Coach Tite sent out a second-string side and the result was Brazil's first defeat in the group stage of a World Cup since 1998, when they were beaten by Norway. Gabriel Martinelli goes for goal during Brazil's Group G clash with Cameroon at Lusail Stadium. Needing a win, Cameroon almost went in front just before the interval when a Bryan Mbeumo header forced a flying save from Ederson. Brazil had won all seven previous meetings with African opponents at the World Cup, including beating Cameroon in 1994 and again in 2014, and Martinelli was their most likely source of a goal.

3 months ago Legit.ng

FG Orders NNPC Reduce Petrol Price Amid Persistent Scarcity, Says Company Running at a Loss

The Minister of State for Petroleum Resources, Timipre Sylva has said that the Nigerian National Petroleum Company Limited(NNPC) is selling petrol at a loss because of the directives from the Federal Government of Nigeria regarding subsidy on the product. The Petroleum Minister said that subsidy payment has a limitation but stated that it was the mandate of the NNPC which led the company to sell the product at a loss. Buying petrol at N300 per litre not a bad ideaAccording to him, the burden on the petroleum company is not an easy job, adding that buying petrol at a high price is not a bad thing considering the circumstances. According to Sylva, the cost of the product is not high enough in comparison to other countries and stated that the general agreement is that the petrol subsidy is longer sustainable. Minister of State for Petroleum Resources, Timipre Sylva disclosed this on Monday, January 9, 2022, at the President Muhammadu Buhari Administration Scorecard (2015 – 2023) in Abuja.

2 months ago Legit.ng

Zenith Joins the List of Nigerian Banks That Suspended Transactions on Naira Cards Abroad, Expert Explains

Zenith Bank has joined a growing list of Nigerian banks to suspend international transactions of their naira-denominated Mastercard. Guaranty Trust Bank Plc, Access Bank Plc, UBA, First Bank of Nigeria, Zenith Bank, and Ecobank, are some of the banks that have announced similar decisions. More Nigerian banks stop the use of naira cards abroad Credit: Roslan RahmanSource: Getty ImagesZenithPAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! DailyTrust reports that Zenith Bank notified its customers of the change through email of the international payment using a naira card. Some other banks have reviewed downward the usage of Naira debit cards overseas to $20 from $100 and finally to temporary suspension by banks.

2 months ago Legit.ng

Toyin Lawani Reacts After Someone Said She'll Copy Kylie Jenner's Lion Dress, Says She Did it First

Credit: @tiannahsplacempire, @kyliejennerSource: InstagramThe Tiannah Empire boss recently reacted after some fans claimed that Kylie Jenner's recent look would be an inspiration to her. I don’t know why Nigerians don’t appreciate good art until they see an international celebrity wearing it, then it’s wow wow wow it’s nice. Watch the video below:Internet users react to Toyin Lawani's post about Kylie Jenner's lion head dresshermesiyele:"Let ‘em know Aunty mi, king no be for mouth.. you’ve more than earned the title." Search African lion head fashion on google and you will see it that it’s been reigning for decades." Kylie Jenner rocks lion head dress as she attends fashion show, Nigerians react: "The real isiagu"Kylie Jenner got fashion lovers buzzing with reactions on social media following her recent look at a fashion show.

2 months ago Legit.ng

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