Although inflation remains far below last year’s level, a sharp monthly increase suggests price pressures are still building.
The post JUST IN: Nigeria’s inflation rises to 15.38% in March appeared first on Premium Times Nigeria.
The speaker announced the lawmakers’ defection during a plenary session in Gusau on Monday, after they presented their letters of resignation to the House
The post Speaker, 12 PDP lawmakers defect to APC appeared first on Premium Times Nigeria.
The Federal Government has issued a ban on using Naira notes for decorative purposes ahead of the 2026 Valentine’s Day celebrations.
The directive specifically targets activities such as making money bouquets, cash towers, and cake designs featuring banknotes.
Authorities say these practices violate Nigeria’s currency laws and will no longer be tolerated. The Central Bank of Nigeria (CBN) described
the trend as an abuse of the national currency, emphasizing that folding, spraying, or shaping banknotes for gifts and events constitutes defacement of legal tender.
“The Naira is a symbol of our nation and must be treated with respect,” the bank stated. “Using money as party decorations diminishes its dignity and public value.”
The government has warned event planners, vendors, and individuals who engage in such displays that they risk arrest and prosecution under existing laws.
Security agencies and regulatory bodies have been directed to monitor parties, weddings, and street celebrations where cash sprays and money-themed designs are common.
Officials encouraged Nigerians to adopt alternative Valentine’s gifts, such as flowers, greeting cards, or packaged items, stressing that love and celebration should never come at the expense of the nation’s currency.
Nigerian govt set bans money bouquet ahead of Valentine’s Day
The N7 billion was described under “provision of solarisation of Villa with solar mini grid”.
