Nigeria: N5000 Note Officially Suspended

Obviously bowing to pressure from the public and particularly the National Assembly, whose leadership met with him of Tuesday on the issue, President Goodluck Jonathan Thursday in Abuja directed the Central Bank of Nigeria (CBN) to stop further action on the proposed currency restructuring exercise, including the introduction of the N5,000 banknote.

Nigerians to Experience Uninterrupted Power by December

Abuja — The Federal Government has disclosed that construction work on the Lagos-Ibadan road will commence within the next four to six weeks, just as it said Nigerians would begin to experience uninterrupted light by December, 2012 with plans to generate 5,400 mega watts from the current 4,400 mega watts.