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Reps Urge CBN To Withdraw Old Naira Notes, Circulate New Ones

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Reps Urge CBN To Withdraw Old Naira Notes, Circulate New Ones. The House of Representatives has called on the Central Bank of Nigeria (CBN) to start the gradual withdrawal of old naira notes and ensure the availability of new N200,....KINDLY READ THE FULL STORY HERE▶

 

 

 

 

 

 

 

 

 

 

 

N500, and N1,000 denominations. This resolution comes after a motion of urgent national importance was adopted during a plenary session on Thursday.

The motion, sponsored by Mr. Victor Ogene, highlighted the challenges faced by Nigerians during the previous currency redesign and stressed the need for adequate public awareness as the December 31, 2024, deadline approaches—after which the old notes will no longer be considered legal tender.

Ogene emphasized the necessity for the CBN to engage in public campaigns and to direct banks to stop transactions with old notes to prevent a recurrence of the chaos experienced during the last transition. The House has resolved to refer this motion to its Committee on Banking Regulations for further action.

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TUC Rejects FG’s ₦70,000 Transport Allowance, Gives Reasons

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The Trade Union Congress of Nigeria (TUC) has rejected the Federal Government’s proposed ₦70,000 monthly transport allowance, insisting that workers need a permanent salary increase rather than temporary financial relief.....KINDLY READ THE FULL STORY HERE▶

reports that the congress also accused the government of failing to honour an agreement reached with health workers.

The union stated its position in a statement signed by its President-General, Festus Osifo, and Secretary-General, N. A. Toro, less than a day after the government announced the allowance following discussions with the Nigeria Labour Congress (NLC).

The TUC argued that no law prevented the Federal Government from increasing workers’ salaries immediately, even as negotiations over a new national minimum wage continued.

It disclosed that it had communicated its position to the government in a letter dated October 8, 2026, following a National Administrative Council meeting in Abuja. The union said it maintained the same position during subsequent engagements with government officials, including the Secretary to the Government of the Federation (SGF).

“This was hinged on the fact that government does not require minimum wage to be negotiated before increasing workers’ pay as there is no maximum wage law in the country,” the statement read.

The congress proposed increasing the salary of the lowest-paid federal worker from ₦70,000 to ₦300,000, alongside corresponding adjustments for other salary grades. It noted that some states already pay minimum wages above ₦100,000.

“While it is good to negotiate minimum wage which will affect other cadre of workers, FGN must raise wage level immediately as there are no law or historical practices stopping it from doing so,” the union stated.

The TUC also said it had firmly rejected the proposal for another temporary wage award during consultations with the government. It insisted that negotiations over a new minimum wage should not be used to delay an immediate salary increase.

The union cited the ₦40,000 wage award agreed upon in October 2023, which it claimed was never fully paid.

According to the congress, some workers missed one or two months of payments, others received nothing, while disbursements were irregular. It further alleged that more than 80 per cent of states and the informal sector failed to implement any wage award.

The TUC called on governments to reduce the cost of essential goods and services, ensure prompt payment of salaries and pensions, protect jobs, end exploitative labour practices and revive local production.

The congress also accused the Federal Government of failing to implement an agreement reached with the Joint Health Sector Unions seven months ago.

It recalled that the agreement, brokered with labour’s intervention and signed by the Ministers of Labour, Health and Finance, provided for an adjustment to the Consolidated Health Salary Structure.

However, the union said the adjustment remained outstanding despite health workers suspending their strike in good faith.

“While the workers have kept their side of the bargain, the government hasn’t kept its side of the agreement,” the TUC said, describing the situation as “absolutely unacceptable.”

The congress demanded the immediate implementation of the agreement, a clear timeline, adequate budgetary provisions and consultations with the unions involved.

It warned that health workers could not be expected to continue providing services while the government failed to honour its commitments.

“The TUC demands tangible action, not further assurances. It will stand firmly with the affected affiliates and health workers and pursue every lawful and legitimate measure necessary to secure compliance,” the statement added.

The union said it was awaiting the outcome of a planned meeting with the government before deciding on its next course of action.

“Workers’ welfare is not a privilege. Agreements must be honoured. Workers’ rights must be respected. Government must comply,” the TUC stated.

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Real Madrid Apologises To Chinese People After Mbappé’s Controversial Remarks.

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Spanish football giants Real Madrid have apologised to the Chinese people over remarks made by their forward, Kylian Mbappé, which reportedly caused offence.....KINDLY READ THE FULL STORY HERE▶

The club issued the apology on its official account on Wednesday, October 28, reaffirming its respect for China, its history, culture and people, as well as the millions of Chinese fans who support the team.

Real Madrid also backed an earlier apology reportedly issued by Mbappé, who expressed regret over his comments and reiterated his respect for the Chinese people.

In its statement, the European champions said they regretted any offence caused by the French striker’s remarks.

“Real Madrid wishes to express its apologies to the Chinese people for any offence that may have been caused by the recent remarks made by our player, Kylian Mbappé,” the club stated.

The Spanish side emphasised the importance of its relationship with China and acknowledged the affection and support it receives from millions of fans in the country.

“Our club has deep respect for China, its history, culture and people, as well as the millions of Chinese fans who feel affection for and admire Real Madrid,” the statement read.

The club further reiterated its commitment to promoting mutual respect, peaceful coexistence and understanding among different cultures.

“Real Madrid reaffirms its commitment to the values of respect, peaceful coexistence and understanding between cultures,” the statement added.

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Breaking: House Of Reps Moves To Establish Nursing College In Lagos.

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The House of Representatives is set to advance a bill seeking to establish a Federal College of Nursing and Midwifery in Ifako/Ijaiye Local Government Area of Lagos State.....KINDLY READ THE FULL STORY HERE▶

reports that the proposed legislation passed its second reading during plenary on Wednesday, October 28, 2026.

The bill was sponsored by Benjamin Olabinjo, who represents Ifako/Ijaiye Federal Constituency in the House of Representatives.

Speaking in support of the proposal, Olabinjo said hospitals and healthcare facilities across Nigeria urgently needed more qualified nurses and midwives to improve patient care.

He noted that the continued migration of trained healthcare professionals to countries such as the United Kingdom, Canada and the United States had placed additional pressure on Nigeria’s already strained healthcare system.

According to the lawmaker, “The bill will increase the number of qualified nurses and midwives available to hospitals and healthcare facilities across the country. The migration of trained professionals to the United Kingdom, Canada, the United States and other Western countries has further strained Nigeria’s healthcare system.

“Ask any hospital in Nigeria what it needs most, and the answer is almost always the same: more nurses and midwives. Yet we are losing them faster than we are training them. This bill is about training more of them, and training them where they are needed.

“Training close to home means a real career for young people in this constituency and Lagos, without the cost of moving far away to study. We cannot fix our healthcare system without the people who run it day and night. This bill invests in them.”

The proposed college is expected to expand opportunities for nursing and midwifery education while helping to address the shortage of qualified healthcare professionals in the country.

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