" ITREALMS: notes
Showing posts with label notes. Show all posts
Showing posts with label notes. Show all posts

Saturday, October 26, 2024

No deadline on circulation of old Naira notes says CBN - ITREALMS

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The Central Bank of Nigeria (CBN) has declared that there is no deadline set on the circulation of old Naira notes in the country, reports ITREALMS.
A press statement from CBN, endorsed by the Acting Director, Corporate Communications, Sidi Ali, Hakama (Mrs.) informed ITREALMS that their attention has been drawn to discussions at different fora which suggested that the old series of the N200, N500, and N1,000 banknotes shall cease to be legal tender on December 31, 2024.

Friday, November 03, 2023

CBN: We've sufficient currency notes in stock - ITREALMS

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The Central Bank of Nigeria (CBN) has refuted reports that alleged scarcity of cash at banks, Automated Teller Machines (ATMs), Points of Sale and even at Bureaux de Change (BDCs), reports 
ITREALMS.
Director, Corporate Communications, Isa AbdulMumin PhD, informed 
ITREALMS that their attention have been drawn to reports of alleged scarcity in some major cities across the country.

Friday, March 24, 2023

Confirmed! Nigerian banks must open @weekends, says CBN, evacuates notes to ease circulation - ITREALMS

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As part of a coordinated effort to ease the circulation of banknotes of various denominations, the Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country, reports ITREALMS.
Confirmed! Nigerian banks must open @weekends, as CBN evacuates notes to ease circulation - ITREALMS

The CBN has also directed all commercial banks to open for operation on Saturdays and Sundays.

Monday, March 13, 2023

Official: CBN unmasks, says old naira notes still legal tender - ITREALMS

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At last, the Central Bank of Nigeria (CBN) has unmasked to say that the old N200, N500 and N1000 notes remain legal tender until December 31, 2023, reports 
ITREALMS.
CBN unmasks, says old naira notes still legal tender - ITREALMS
The acting CBN spokesperson, Dr. Isa Abdulmumin, made this known to 

ITREALMS in a press statement on Monday evening.

Monday, February 20, 2023

New Naira notes racketeering lands Oando Accountant in ICPC net - ITREALMS

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested an accountant of Oando Filling Station, Dutse Alhaji, Abuja, over alleged racketeering of the new Naira notes, reports ITREALMS.
New Naira notes racketeering lands Oando Accountant in ICPC net - ITREALMS

Confirming this to ITREALMS, the spokesperson to ICPC, Mrs. Azuka Ogugua said that this latest arrest followed the continued onslaught by the Commission on some elements who have taken advantage of the scarcity of the new Naira notes to swindle unsuspecting Nigerians.

Friday, February 10, 2023

Council of State to CBN: Print more notes, allow old note circulation - ITREALMS

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The first meeting of the National Council of State ended on Friday at the Federal Capital Territory (FCT) with a directive to the Central Bank of Nigeria (CBN) to print more new naira notes and make same available to Nigerians to alleviate the current currency scarcity in the country, reports 
ITREALMS.
Also, CBN was advised to allow the circulation of the old naira notes to continue.

Tuesday, February 07, 2023

ACAMB: Banks not hoarding new naira notes - ITREALMS

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The Association of Corporate Affairs Managers of Banks (ACAMB) has come in defence of their banks, declaring that banks are not hoarding new Naira notes, just as they reassured on normalcy returning soon, reports ITREALMS.
Association of Corporate Affairs Managers of Banks (ACAMB) @ITREALMS
President, ACAMB, Mr. Rasheed Bolarinwa, told ITREALMS that they empathize with the Nigerian public on the unintended hardships being faced in the process of the ongoing rollout of re-designed naira notes and enhanced cashless policy.

Wednesday, October 26, 2022

CBN to introduce new currency notes by Dec. 15 - ITREALMS

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The Central Bank of Nigeria (CBN) has decided to redesign, produce and circulate new currency notes, effective, December 15, 2022, reports 
ITREALMS.
The CBN Governor, Mr. Godwin Emefiele, disclosed Wednesday in Abuja at a special press briefing.

Saturday, February 27, 2021

Further notes to the Nigerian Left - ITREALMS

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The Nigerian Left has largely neglected, if not deliberately avoided a renewed ideological struggle which has become a strong factor in both the general turbulence and violence enveloping the whole country and the associated power struggle within the ruling class. 
The neglected or badly engaged ideological struggle may simply be described as “argument over the birth of Nigeria,” that is, argument over how Nigeria came into being and what would have happened if Britain, an imperial colonial power, had not invaded our lands, defeated or deceived our ancestors, gathered them together and imposed itself on them. 

Monday, August 06, 2018

Trending #AfricaThisWeek Volume 1, No. 2 - ITREALMS

#AfricaThisWeek@ITREALMS:

Highlights:
  1. Bank of Zambia upgrades notes with security features
  2. Senate President, 3 Governors defect to opposition, PDP
  3. Giant multinational SOCFIN battles local communities over palm lands
  4. Ramaphosa escorts son for traditional ceremony @Uganda
  5. Rural populace returns ZANU PF to Presidency
  6. Chinje advocates for CAS, no miniaturization of states
Follow on Twitter: @#AfricaThisWeek. 

Full edition: #AfricaThisWeek Volume 1, No. 2This edition is also available in French.


*Courtesy Remmy Nweke/ED, Ops

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Friday, April 06, 2018

Notes on Leftist politics in Nigeria

Recently, a young man who teaches English at Abia State University phoned to inform me of an impending conference on the bicentenary of the birth of Karl Marx. But what the call provoked in me was not the remembrance of Marx and his enduring legacy but anger over the fact that some people still regularly irritate me with chants of “death of communism” and “disappearance of socialism”.

However, my voiced response was to play the “teacher on teacher” by calmly asking my telephone friend whether he meant the birth of Karl Marx or his death. He also calmly replied that Marx was born on May 5,1818. “Hence, May 5, 2018 makes it 200 years”, he said. I played on by pleading that I thought that May 5 was the date of Marx’s death. He again calmly responded that Marx died on March 14, 1883. I thanked him and pledged to assist in the bicentenary in whatever manner I could.

For a considerable length of time after my telephone chat with the university teacher, my mind remained with the subject: Karl Marx and his legacy, or more specifically, Marx’s political legacy. From political legacy—which is a very large subject—my mind zeroed on Marxist politics. And in Marxist politics, my mind selected and focused on Marxist political strategy and vanguardism. Hence, if I were to contribute to ideas informing the planning of Marx’s bicentenary conference I would advise the organizers to begin from Marx in historical context.

From there, move on to Marx’s total legacy; then proceed to Marx political legacy, Marxist politics and Marx’s political strategy and vanguardism. Finally, it is necessary to place a theme like “The relevance of Karl Marx today” in the agenda of the conference. This is not because it is logically expected but because the current calamities, monstrosities and historical retreats in Nigeria—of which we are all living witnesses—clearly appear to summon Leftists of Marxist persuasion as well as patriots of popular-democratic credentials.

Karl Marx was born in Germany. He had his primary and secondary education in his home town, Trier. For his university education he went to Bonn and Berlin, both in Germany. He studied law, history and philosophy, obtaining his doctorate in philosophy at the age of 23. His doctoral dissertation is usually taken by academics as the beginning of his work. But I find his letters to his parents, before this, as very indicative.

Marx died a poor man on March 14, 1883, at the age of 65. He died in London where he had settled 35 years earlier. So much was the official prejudice against this man that, according to Isaiah Berlin, one of his biographers, his death was treated almost as a non-event by the European press. Although Marx died in London, The Times of London reported the event as a short obituary notice, quoting its Paris correspondent.

At his graveside Engels, Marx’s life-long friend and collaborator, said: “Karl Marx’s mission in life was to contribute in one way or another to the overthrow of capitalist society. Fighting was his element. And he fought with a passion, a tenacity and a success which few could rival. His name will endure for ages, so will his work”.

On Sunday, October 10, 1999, my essay, Marx as thinker of the millennium, was published by The Guardian newspaper. A week earlier, according to the newspaper, he had been voted the greatest thinker of the millennium in a BBC news on-line poll.

Marx was reported to have beaten several great thinkers, including Albert Einstein, Isaac Newton, Charles Darwin, Thomas Aquinas, Stephen Hawking, Emmanuel Kant, Rene Descartes, James Clark Maxwell and Friedrich Nietzsche.

In the second paragraph of that essay, I proposed: “I would say humbly but responsibly that Karl Marx deserves to be named not only the greatest thinker of the millennium but also the greatest thinker humanity has so far produced among mortals. Even if he had been killed in 1848, at the age of 30, after the publication of his and Engels’ Communist Manifesto, he would still have emerged the greatest thinker since antiquity”. Today, I re-endorse this 19-year-old assessment.

Activist Leftists who are inspired by ideas whose origins are attributed to Karl Marx conceive politics in two senses: the broad and the narrow, or the general and the restricted. In the broad or general sense politics refers to the “totality of all guiding principles, methods, systems that determine collective activities in all domains of public life”. But in the narrow or restricted sense politics is used to designate a “definite part of public activity directly concerned with the struggle for power”.

From this understanding follows the definition of Leftist politics and Conservative politics. Leftist politics is broad while Conservative politics is narrow. You may see this difference clearly in the character, programmes and methods of non-governmental organizations (NGOs) organized and led by Leftists and in the careers of Leftist teachers, lawyers, writers, journalists and priests, for example. Whereas, Leftists actively recognize the relationship between the broad and narrow dimensions of politics as that between water and fish, conservatives recognize only the narrow dimension and play politics like fish trying to swim on dry land.

Leftist politics is broad because it is aimed at the total transformation of society and not just the capture of political power. Its ultimate objective is the liberation of society—the oppressed as well as the oppressor. Leftist politics is broad because liberation—from exploitation, oppression and humiliation—which is its mission is essentially self-liberation. And this demands popular education for critical consciousness. Leftist politics is conscious of itself as the movement of victims of injustice: “not a particular injustice or a set of injustices, but injustice in general”, as Marx put it as a young man. All these attributes inform the methods of Leftist politics.

In Leftist politics, vanguards may be recognised and described by three main attributes. 

One: In the struggles of the working, toiling and oppressed masses of all nationalities and all regional, ethnic and religious groups, vanguards point out and bring out the common interest. Two: In the various stages of development which the struggle of the masses has to pass through vanguards always and everywhere represent the historical continuity. Three: Vanguards are very resolute segments that seek to defend, unite, invigorate and push forward all other segments. They care passionately for the present; but in caring for the present, they do not forget the future of the struggle.

The following eight components of the strategy of Nigeria’s Leftist vanguard can be distilled from Leftist politics as a whole: One: Strengthening the vanguard and its capacity to ensure minimum continuity of popular-democratic struggles across the country at all times and in all conditions. Two: Expanding alliances, collaboration and networking in the national movement for popular democracy. 

Three: Expanding popular-democratic and socialist education among the toiling and working masses and all strata and segments that suffer specific or general oppression under the present social order. Four: Engaging in systematic research, information and documentation and building institutions and centres for this engagement. 

Five: Expanding fronts of popular-democratic struggle across the country and in all strategic segments of the working, toiling and oppressed masses: women, workers, peasants, students and youths, the intelligentsia and intellectuals and strata of middle classes. Six: Uniting organisations of popular-democratic struggle across the country. Seven: Supporting and learning from popular-democratic struggles in Nigeria, in Africa, in black diaspora and in the world. Eight: Struggling for political power—alone or in alliance—as a realizable political objective.

*Edwin Madunagu, mathematician and journalist, writes from Calabar, Cross River State, Nigeria.

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Friday, January 05, 2018

IMF, World Bank, CBN urged to lead Braille sign insertion in currency notes

The trio of International Monetary Fund (IMF), WorldBank and Central Bank of Nigeria (CBN), have been urged to lead agitations for the insertion of Braille signs on global currency notes, reports ITRealms.

Braille, ITRealms gathered, is a tactile writing system used by people who are visually impaired and is traditionally written with embossed paper.

ITRealms also gathered Braille users could read computer screens and other electronic supports thanks to refreshable braille displays available nowadays.

The Monitoring Officer, Justice, Development and Peace Centre (JDPC), Mr. Abiodun Abacha Adebesin, made this call, pointing out that its high time global financial institutions consider adding Braille signs on our paper currencies in fulfillment of the one of the 2030 Sustainable Development Goals (SDGs) of not leaving any one behind.

According to him, the blinds have been cheated on so many occasions because they rely on people to determine the denominations of the money they are holding and this is really saddening.

“If this done by all financial institutions in the world with the support of IMF and world bank, this will be in line with agenda 2030 'Leave no one behind'” Adebesin said.

ITRealms, recalls that effort at inclusiveness is at the core of the 2030 Agenda for Sustainable Development.

According to SDG experts, inclusiveness speaks to the notion of empowerment and the principle of non-discrimination, which is reflected in the pledge to leave no one behind and in the vision of a “just, equitable, tolerant, open and socially inclusive world in which the needs of the most vulnerable are met” and “a world in which every country enjoys sustained, inclusive and sustainable economic growth and decent work for all.”

In addition,  this reflected both in goals and targets, including Goal 4, which refers to inclusive and equitable quality education; Goal 8, which refers to sustained, inclusive and sustainable economic growth; Goal 9, which refers to inclusive and sustainable industrialization; Goal 11, which refers to inclusive, safe, resilient and sustainable cities and human settlements; and Goal 16, which refers to peaceful and inclusive societies for sustainable development and to accountable and inclusive institutions at all levels.

This assertion of ‘leave no one behind’ further refers to the need to include everyone in societal processes, and conveys the notion that people should not only be allowed to thrive, but should have a voice and effective opportunities to shape the course of development. Thus, the Agenda is relevant to all countries and all people, belongs to everyone, and its success will depend on the active implication and engagement of all actors and on reaching the furthest behind first.


Chuks Egbune/GEE

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