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Mr Cardoso stressed on Tuesday that the availability of lower denominations is largely determined by public demand within the payments ecosystem.
The post Why lower Naira denominations are scarce – Cardoso appeared first on Premium Times Nigeria.
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![The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso [PHOTO CREDIT: Central Bank of Nigeria]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2026/07/HNaxaJbWIAEcQ9u.jpg?fit=2048%2C1366&ssl=1)
Mr Cardoso stressed on Tuesday that the availability of lower denominations is largely determined by public demand within the payments ecosystem.
The post Why lower Naira denominations are scarce – Cardoso appeared first on Premium Times Nigeria.

The Federal Government has again reaffirmed its commitment to overhaul policing and national security, saying State Police is now essential to confront Nigeria’s changing threats.
Minister of Police Affairs, Senator Ibrahim Gaidam, who stated this in Abuja while hosting the Inspector General of Police Steering Committee on the State Police Establishment Framework, tied the plan to the administration’s Renewed Hope Agenda, arguing that decentralising police commands will sharpen responsiveness, intelligence and grassroots crime-fighting.
“The dynamic nature of today’s security landscape demands innovative and localized solutions. State policing is no longer optional—it is imperative,” the minister stated.
Gaidam, according to a statement by Fatima Muhammed Adamu of the ministry’s Press & Public Relations Unit, commended the Inspector General of Police, Olatunji Disu for the swift implementation of policy directives aimed at improving policing efficiency across the country, noting that such proactive leadership demonstrates a shared commitment to safeguarding lives and property nationwide.
Earlier, the committee chairman, Prof. Olu Ogunsakin briefed the minister on a ongoing efforts to develop a comprehensive and practical framework for the successful establishment of state police systems.
Ogunsakin emphasized that the initiative was designed to deliver a stronger sense of safety and public trust in law enforcement institutions.
He added that the IGP fully backs a modern, resilient and community-oriented security architecture able to meet present and future challenges.
The meeting marks a significant milestone in the Federal Government’s broader police reform agenda.
It underscores ongoing efforts to refine operational frameworks and ensure that the proposed state policing system is efficient, accountable, and responsive to the unique security needs of communities across Nigeria.
In attendance were CP Bode Ojajuni, the Committee Secretary; CP Emmanuel Ojukwu (rtd) for retired officers, DCP Sulyman Gulma and ACP Ike Okafor.
State Police imperative for national security, development – FG declares

Drama unfolded on Tuesday at the High Court of the Federal Capital Territory, Maitama judicial division, during proceedings in the trial of Yahaya Adoza Bello.
Justice Maryann Anenih had earlier delivered judgment in a civil matter before calling the criminal case between the Federal Republic of Nigeria and Bello.
Kemi Pinheiro, Senior Advocate of Nigeria, SAN, appeared as counsel to the prosecution in the case.
Z. E. Abbas, counsel to the third defendant, was preparing to commence cross-examination of the prosecution witness when the court indicated that it would rise by 2:30pm.
The court, however, said it could consider granting an additional 30 minutes if counsel would be able to conclude the cross-examination within that period.
Responding, Pinheiro urged the court to extend the sitting time to enable the defence to conclude the cross-examination and allow the prosecution to call a fresh witness on the next adjourned date.
Pinheiro said all parties had arrived in court as early as 9:00am but proceedings were delayed because the court first delivered judgment in another matter.
He said the parties had waited for about four hours while the court carefully read the entire judgment in open court.
Pinheiro said, “My Lord, I was actually pitying Your Lordship while reading the entire judgment for almost four hours.
“At the Supreme Court, the practice is that only the first three pages and the last four pages are read during the delivery of judgment.
“That approach saves time and also helps to preserve the health and energy of the court.”
The court subsequently adjourned the matter to Wednesday and Thursday for continuation of cross-examination and further hearing in the trial.
However, the judge directed that the case be placed as number two on the cause list for the following day, despite earlier discussions in court.
Four-hour judgment reading delays Yahaya Bello’s trial at FCT High Court

Max Air says its Abuja–Katsina flight returned to Abuja shortly after takeoff on Monday after the crew detected an engine-related indication, following passenger’s accounts describing panic onboard.
The post Max Air confirms engine-related anomaly after Abuja–Katsina flight returns mid-air appeared first on Premium Times Nigeria.
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