1. CBN Directs Banks to Prioritize Cash Disbursements Amid Scarcity
The Central Bank of Nigeria (CBN) has ordered commercial banks to ensure cash is accessible through ATMs, amid rising concerns over cash scarcity. Non-compliance will result in penalties. This directive aims to ease public access to cash and prevent illegal naira note hawking.
2. Posthumous Honour for Late COAS Lagbaja
President Bola Tinubu awarded a posthumous Commander of the Federal Republic (CFR) honour to the late Chief of Army Staff, Lieutenant General Taoreed Lagbaja. The tribute, delivered at the National Cemetery in Abuja, highlighted Lagbaja’s contributions to national security.
3. Wike Responds to Criticism Over Judges’ Housing
FCT Minister Nyesom Wike defended the decision to build houses for judges, rejecting claims that it threatens judicial independence. He emphasized that such support is standard, noting the need for balance among the branches of government.
4. Nigeria’s Inflation Rate Hits 33.88%
Nigeria’s inflation has surged to 33.88% in October, driven by rising food and fuel prices, per the National Bureau of Statistics. Food inflation alone reached 39.16%. Energy costs, including petrol prices, have seen a significant spike, contributing to the economic strain.
5. Supreme Court Dismisses State Suit Against Anti-Graft Agencies
The Supreme Court has rejected a suit by several state Attorneys General challenging the establishment of the EFCC, ICPC, and NFIU. The ruling validated the National Assembly’s authority to create anti-corruption agencies.
6. Ondo Election: Makinde Urges Voters to Show Discontent
Governor Seyi Makinde of Oyo State called the Ondo governorship election a chance for Nigerians to express their dissatisfaction with the ruling APC. He urged voters to support the PDP for better governance.
7. Deji Adeyanju Criticizes Wike’s Political Loyalty
Human rights lawyer Deji Adeyanju accused FCT Minister Nyesom Wike of betraying key political figures, calling him a “serial betrayer.” Wike’s political shifts, including backing APC over PDP, have been widely scrutinized.
8. Rivers APC Criticizes Tony Okocha for Ignoring Court Ruling
The APC in Rivers State condemned Tony Okocha, the former Caretaker Committee Chairman, for defying a court order by continuing to act as chairman. The party accused him of hypocrisy and undermining the rule of law.
9. Governor of Edo State Appoints New Chief of Staff
Edo State Governor Monday Okpebholo has appointed Hon. Gani Audu as his new Chief of Staff. The appointment aims to drive reform initiatives in the state.
10. Former DSS Director Discusses Origins of Lakurawa Terrorist Group
Ex-DSS Director Mike Ejiofor provided insights into the Lakurawa group, now active in Northwest Nigeria. He noted the group’s roots in Niger and Mali, criticizing past government negligence in dealing with its rise.
These are the main headlines making waves across Nigeria today. For further details, check out more stories on Nigeria Times News.
