News
Old Naira Notes: Nigerians Task CBN On Acceptability
Some residents of the Federal Capital Territory (FCT) have called on the Central Bank of Nigeria (CBN) to release more banknotes to money deposit banks to ease hardship.
The residents told The Tide source on Thursday in Abuja that improvement had not been seen in terms of availability of old N500 and N1,000 notes.
They said it was worrisome that three days after the directive for their use till Dec. 31, cash queues still persisted.
According to them, some banks are not dispensing cash while some are dispensing between N2,000 and N5,000 with only few dispensing between N10,000 and N20,000 per withdrawal.
The residents also said it was important for the CBN to embark on intensive sensitisation as mixed reactions continued to trail validity of the old notes.
Mr Anthony Akpan, an entrepreneur, said it was of no effect announcing validity of the old Naira notes when they are not in circulation as expected.
According to him, mere pronouncement on validity of the old notes will neither end queues in banking halls
nor alleviate people’s suffering.
On acceptability of the currency, Apkan said while he had not experienced rejection of the old notes, people had attested to the fact that some business operators are still rejecting them.
“The distrust and controversy surrounding the redesigning of the old currency from the beginning contributed largely to the mixed feelings from people.
“There is a need for the CBN to create awareness about the validity of the notes, particularly in markets and rural areas,” he said.
A food vendor, popularly called Madam Christy, said she heard banks had started dispensing but not accepting old notes.
She said until she is sure of spending the notes without hitch, she would not accept them.
The vendor said she would continue to accept mobile transfers in spite of its hitches than accept old notes that she could ascertain their validity.
The Tide source, who monitored availability and acceptance level of the old notes at Automated Teller Machines (ATMs), markets and motor parks, reports that people are transacting business with them.
The Tide source reports that at Aviation Garden close to the Nnamdi Azikiwe International Airport, people were seen transacting business with the old notes.
Also, at Utako market in the FCT, business operators were seen using the old notes.
They, however, said more notes should be released by the CBN, adding that most of their transactions are still online.
The Tide source further reports that at Karu Market, however, some business operators were rejecting the old notes.
Mariam, a tomatoes seller, said she is unaware that CBN had given directive for acceptance of the old notes.
She said she only saw people accepting the notes in the market.
News
Victory Over Insurgency Certain, Tinubu Assures
President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.
The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.
He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.
Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.
“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.
“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.
The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.
Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.
He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.
“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”
The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.
The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.
Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.
News
US Embassy, Lagos Consulate Close Today For President’s Day
The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.
The mission made this known in a notice shared on its official X page, yesterday.
“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.
According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.
The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.
In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.
Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.
News
Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role
United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.
Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.
The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.
Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.
“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.
The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.
Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.
The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.
In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.
“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.
Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.
He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.
Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.
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