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CBN Warns Against Naira Hawking, Mutilation
The Central Bank of Nigeria (CBN) has called on Nigerians to desist from spraying, hawking or mutilating the naira notes in order to sustain the apex bank’s efforts towards ensuring availability of the currency.
The Director, Corporate Communications Department, CBN, Dr. Isa Abdulmumin, made the call yesterday, during his opening remark at the 2023 CBN Fair held in Ado-Ekiti, Ekiti State capital.
Speaking at the Fair themed: “Promoting Alternative Payment Channels as Tenets for Financial Inclusion”, Abdulmumin, represented by Esu Imo, noted that the objective of the fair was to sensitize members of the public on how the bank’s several initiatives can grow their businesses and contribute positively to the Nigerian economy.
He added that the fair was also to sensitise the public on various modern payment, infrastructures for ease of business transactions through mobile wallet electronic payment known as E-Naira.
While soliciting the support and co-operation of stakeholders to partake in the mission to return Nigeria to the path of greatness, Abdulmumin urged Nigerians to keep the Naira clean and see E-Naira as a protected modern way of electronic payment.
He said, “I have a word on our currency, the Naira. The CBN will sustain its efforts towards ensuring availability of currency. We, however, urge you to see Naira as our critical symbol of national identity. Respect and keep it clean. Do not spray, hawk, mutilate or counterfeit the Naira.
“Let me assure you that the CBN will continue to ensure that it delivers on its core mandate of ensuring monetary and price stability.
“However, it is instructive to state that the Bank shall also continually roll out proactive and innovative policies which would ensure that all economic sub-sectors receive the desired support”.
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Telecom Operators Dismiss Talks With NLC On Tariff Hike
Mobile Network Operators have ruled out negotiations with the Nigeria Labour Congress (NLC) over the recent 50 per cent tariff increase, insisting that no reduction will be made despite union protests.
The stance was articulated at a forum held over the weekend in Lagos, where representatives from major operators—including MTN Nigeria, Airtel Nigeria, and 9mobile—addressed concerns surrounding the adjustment approved by the Nigerian Communications Commission on January 20, 2025.
The NLC has rejected the tariff hike and is demanding a reduction to five per cent, threatening a nationwide protest on Tuesday, February 4, if its demands are not met.
Chairman of the Association of Licensed Telecommunications Operators of Nigeria, Gbenga Adebayo, argued that the approved increase is vital to sustaining telecom operations amid escalating costs.
“This increase is a lifeline that enables us to survive,” Adebayo said.
“Anything lower would be like giving someone who needs 100 litres of oxygen only a fraction—barely enough to keep them alive but insufficient for long-term survival,” he stressed.
MTN Nigeria’s Chief Corporate Services & Sustainability Officer, Tobechukwu Okigbo, emphasised that individual operators do not engage directly with the NLC.
“We have not been talking to the NLC because our industry association, ALTON, handles such engagements. They have already communicated the rationale behind the tariff adjustment, which is essential for the sustainability of telecom services,” he explained.
Airtel Nigeria’s Director of Corporate Communications and CSR, Femi Adeniran, echoed this sentiment, adding that any discussions with the NLC are managed by relevant government agencies and ALTON.
The NCC defended the 50 per cent tariff increase, citing rising operational costs driven by inflation, foreign exchange fluctuations, and higher energy expenses.
In its statement, the Nigerian Communications Commission said the adjustment is in line with its mandate under the Nigerian Communications Act, 2003, to ensure the financial sustainability of the telecom sector.
Meanwhile, the NLC has condemned the hike as “insensitive and unjustifiable,” arguing that it would impose an extra burden on Nigerian consumers.
The union’s president, Joe Ajaero, reiterated the demand for a significant reduction.
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NIS Begins Contactless Passport Application In Europe, Friday
The Nigerian Immigration Service is set to introduce a contactless passport application system in Europe, with the United Kingdom serving as the coordinating centre.
The initiative, scheduled for unveiling on February 7, will allow Nigerians in the diaspora to renew their passports online without visiting physical offices.
The Comptroller General of the NIS, Kemi Nandap, made the announcement during a courtesy visit to the Chairman/CEO of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, in Abuja, yesterday.
Nandap, in a statement signed by the NiDCOM spokesperson, Abdur-Rahman Balogun, explained that the initiative aims to simplify the passport renewal process for Nigerians abroad, saving time and reducing travel costs.
However, she clarified that the system is only for passport renewals and does not apply to first-time applicants or minors.
Nandap emphasised that Nigerians living abroad can initiate the renewal process up to a year before their passport’s expiration.
“This initiative set for launch on 7th of February 2025 will enable Nigerians in the Diaspora to apply for and renew their passports online from the comfort of their homes,” she was quoted saying.
She commended NiDCOM for its role in creating awareness about programs that benefit Nigerians in the diaspora.
The Comptroller General also highlighted President Bola Tinubu’s directive to ease passport processing for Nigerians abroad.
She revealed that the Minister of Interior, Olubunmi Tunji-Ojo, has approved a new passport processing facility in New York to address backlogs, with plans to open additional offices in the U.S. and other countries.
Dabiri-Erewa welcomed the development, describing it as a significant step towards more efficient and secure passport processing for Nigerians overseas.
She affirmed NiDCOM’s commitment to supporting and monitoring the initiative.
“The launch of the contactless passport application solution in Europe is a significant step towards efficient, secure, and convenient travel document management for Nigerians in the diaspora.
“NiDCOM will continue to support, monitor and collaborate with the NIS to ensure the success of this initiative” the NiDCOM boss was quoted saying.
The contactless passport application system was first introduced in Canada, where it received positive feedback from Nigerians.
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Monarchs, MOSOP Hail Tinubu Over Ogoni Varsity Approval
Stakeholders in Ogoniland, Rivers State, including the Movement for the Survival of the Ogoni People (MOSOP), and traditional rulers, have lauded President Bola Tinubu for signing the bill establishing the University of Environment and Technology, Tai, in Ogoni.
The President signed the bill at a ceremony at the State House, Abuja, on Monday, in the presence of key officials, including the senator representing Ogoniland, Mpigi Barinada; National Security Adviser, Nuhu Ribadu; Minister of Education, Dr. Tunji Alausa; and Chief of Staff, Femi Gbajabiamila.
Speaking after signing the bill, Tinubu acknowledged the historical challenges faced by the Ogoni people.
“Ogoni has been at the forefront of our development and agitation and has suffered environmental degradation… To bring knowledge into that environment, in that area, to me, is the most significant thing from the Ministry of Education,” he said.
The approval followed a recent meeting between Tinubu and Ogoni leaders at the State House, during which the President also expressed his intention to resume oil exploration activities in the region.
He directed Ribadu to lead negotiations with all stakeholders.
Reacting to the development, the Paramount Ruler of Bagha Kingdom in the Khana Local Government Area, Suanu Baridam, who was part of the Ogoni delegation that met with the President, welcomed the move but emphasised the need for immediate funding.
“One of the items on the table during our meeting with the President was the signing of the bill into law. Now that it has been done, the next step is the release of funds for the university to commence operations. It is a significant step in the right direction, and for the first time, a President has made a promise to the Ogoni people and fulfilled it,” he said.
A MOSOP leader, Fegalo Nsuke, praised Tinubu, stating that his name would be remembered in Ogoni history.
“This is something we expected long ago. It will contribute to the development of Ogoni, but we still expect more from the President. The Ogoni people are critical stakeholders in Nigeria’s economy, and while we appreciate this gesture, we urge the President to do even more.
“In Ogoni history, he (Tinubu) has written his name in gold. The people will always appreciate this action and never forget what he has done,” Nsuke said.
However, activist and Team Lead at the People’s Advancement Centre, Celestine Akpobari, cautioned against linking the university’s approval to the immediate resumption of oil exploration in Ogoniland.
“President Tinubu has shown courage by taking this step where others hesitated. However, the university’s approval should be seen as the beginning of restitution for the years of oil extraction and environmental damage suffered by the Ogoni people.
“The government should not assume that establishing a university—a facility other ethnic groups have without any sacrifices—justifies opening up the oil wells. Over 2,000 innocent people were killed, and livelihoods were destroyed. The university is merely the start of restitution, not a bargaining chip for oil extraction,” he said.
Meanwhile, oil-bearing communities in Gokana Local Government Area of Rivers State have threatened mass action over their alleged exclusion from negotiations on oil resumption in Ogoniland.
The affected communities—Mogho, K-Dere, B-Dere, Bera, Bodo, Kpor, and Gbe—stated that while they were not opposed to oil production resumption, they rejected being sidelined in discussions.
A communiqué issued after a meeting on Saturday, signed by traditional rulers from the affected areas, expressed concern that those most impacted by oil exploration had not been consulted.
The signatories included the Paramount Ruler of Mogho, Stephen Kpea; Paramount Ruler of B-Dere, Kadilo Sooh; Acting Paramount Ruler of K-Dere, Chief Isaac Gbeetee; Paramount Ruler of Bodo, John Berebon; Paramount Ruler of Kpor, Avalobari Ntaoh; Paramount Ruler of Gbe, Friday Dimkpa Gia; and Paramount Ruler of Bera, Magus Dekor.
While expressing cautious optimism about the Federal Government’s move, they warned that farmers and fishermen—who had previously suffered from oil pollution—must be part of negotiations.
“As stakeholders, farmers and fishermen must have a leading role in further discussions on oil resumption. We will not allow a process that ignores or sidelines the real landlords of these lands,” the statement read.
The communities further threatened to make their lands inaccessible if they continued to be excluded.
“We note with interest the Federal Government’s call for a negotiated return of oil operations in Ogoni after over three decades of closure. However, as highly impacted communities, we will vehemently oppose any process that sidelines us.
“As a gateway to the Bonny Export Terminal, any negotiation that does not actively involve us will be rejected,” the communiqué stated.
With the signing of the university bill and renewed discussions on oil exploration, Ogoni remains at a critical juncture. The Federal Government now faces the challenge of balancing developmental commitments with historical grievances as the region seeks justice and progress.