Trending News: “Court Freezes Ise Kingdom Obaship Process In Lagos” — Bars Govt From Acting On Purported Oba-Elect Nomination“Cambridge’s Youngest Black Professor Jason Arday Found Dead At 41” — Death Comes Days After Resignation Amid Plagiarism Allegations“Suleja Crackdown: Police Arrest 139 Suspects, Arraign 64” — Recover Cutlasses, Knives, Live Cartridges“Atiku, ADC Drag Tinubu To Federal High Court Over Alleged NYSC Certificate Forgery” — Seek Disqualification From 2027 Presidential Election“Vandals Bring Down Five TCN Towers In Akwa Ibom, Seven More At Risk” — Ibom Power Left Without Supply As TCN Begins Emergency Repairs“Anyone Who Is Making Money From Politics Is An Evil Person” — Melaye Says 90% Of Nigerian Politicians Have No Second Address“Court Remands Ex-NBA Shendam Chairman Tsenyen In SSS Custody” — To Decide If Fresh Cyberstalking Trial Amounts To Double Jeopardy“Ronaldo, Georgina Sign Prenuptial Agreement To Keep Assets Separate” — Details Emerge After Private Portugal Wedding“Tinubu Signs Nigerian Ports Economic Regulatory Agency Act” — Gives Shippers’ Council Full Legal Backing To Regulate Tariffs, Charges“Ghana Police Arrest Nigerian, Kill Two In Alleged Foiled Bank Robbery” — GCB Denies Attempt At Its Branch As Vehicle Record Raises Questions“Keyamo Gives Airlines One Week To Agree Repayment Plans For Outstanding 5% Ticket Sales Charges” — Orders Unions Direct Access To Workers“NAICOM Clears Seven More Insurers, Brings Recapitalisation Exercise To Conclusion” — 50 Firms Meet Revised Capital Requirements“Orders Police To Investigate Fadahunsi Over Alleged ‘Kill Accord Members’ Remark” — Report Due Within Two Weeks“Hazardous Gases, Pollution Detected In Bille Community” — Reps Demand Urgent Action Over Nine-Month Gas Seepage“Court Throws Out Trump’s Suit Against Harvard” — Says Alleged Incidents Too Isolated To Prove Civil Rights ViolationsVIDEO: “Pelosi Denies Knowing Extent Of Biden’s Decline While President” — Faults Those Who ‘Should Have Acted Sooner“Tax Ombud To Launch Taxpayer Bill Of Rights And Obligations” — Seeks Liaison Officers In Revenue Agencies“EFCC Prosecutes Woman Over Alleged ₦42.345m PMS Supply Deal” — Court Sets Review Of Facts, TrialPresidential Working Group Seeks Wider Input On National Policing Bill” — Extends Memoranda Deadline By August 21“We Will Use Fadahunsi As An Example To End Politicians’ Impunity Over Electoral Violence” — Amnesty International“Federal High Court Could Not Override Supreme Court On SDP Leadership” — Court Of Appeal Voids Judgment Recognising Gabam“US Arrests 11 Over Alleged 1,000 Sham Marriages For Green Cards” — DOJ Says Foreign Nationals Paid Up To $100,000 Each“US Media Groups Sue Trump Over Paid Early Access To Truth Social Posts” — Call Scheme ‘Corrupt And Unconstitutional’“Court Nullifies Dissolution Of PENGASSAN Chevron Executives, September 2025 Elections” — Orders Fresh Poll Within 30 Days“Wike Orders Immediate Closure Of Secretariat For Sale Of FG Houses In FCT” — Creates New Division In Land Administration Department“NDC Ticket Dispute Deepens In Peter Obi’s Anaocha 1 Constituency” — Ogbuefi, Okoye Await INEC List“Court Remands Damilola Shoyemi In Kirikiri Over Alleged Cyberbullying” — Faces Charges Over Death Threats Against Mohbad’s Widow And Son“Issues Already Joined”—Court Rejects Oyerinmade’s Bid To Withdraw Suit, Dismisses Challenge To Adefiranye’s APC Ticket“Nigeria Fails US Fiscal Transparency Test” — Report Says Actual Revenues, Expenditures Audit And Procurement Do Not Match Approved Budget“Adeleke Campaign Spokesman, Pelumi Olajengbesi, Esq., Threatens ₦10bn Defamation Suit Against Senator Fadahunsi” — Over Alleged Cult Sponsorship Claims“EFCC Invites Insurance Commissioner Over Alleged ₦30bn Recapitalisation Fees, 1% Capital Charge” — NICON, Nigeria Re Question Legal Basis“We Weaponise Religion And Division For Political Advantage, Leaving Permanent Damage” — APC Chairman Yilwatda Warns Politicians“Atiku Raises Alarm Over BVAS Running On Outdated Android 10” — Calls For Independent Audit Ahead Of 2027 Elections“Delta To Introduce Biometric Criminal Database For Persons Charged With Offences” — AG Ohwovoriole Says System Will Boost Security“It Is A Crime To Do That And Whoever Does That Should Be Arrested,” Says NCAA DG, Achimugu, On Bus Parked On Lagos Airport Airside“Justice Nwagboso Altered His Judgment After Delivery” — Odinkalu Says Imo Judge Was Among Nine Compulsorily Retired For Age Falsification“Students’ Data Allegedly Used To Open Bank Accounts Without Lawful Basis” — NDPC Begins Forensic Probe Of UNILAG, Lotus Bank, Hackerbella“Professors Now Aid Illiterates To Rig Elections, SANs Defend Forgery” — Peter Obi Laments Decline Of Nigeria’s Democracy“Former PENGASSAN President and UN Global Mediator Panel Member”— Louis Brown Ogbeifun To Speak At ICMC Conference”“Emir Sanusi Has No Carry-Over, Viral Claim Is False And Baseless” — Northwest University Kano Warns Against Defamatory Posts“Nigerian Law School Confirms Death Of Student Who Fell From Lagos Campus Hostel Rooftop” — Says Family’s Privacy Should Be Respected“EU Has Not Rejected INEC’s Invitation For 2027 Election Observation” — Ambassador Says Reports Are Speculative, Confirms Expert Mission To Nigeria“Trump Moves To Cut Universal Childhood Vaccine Recommendations” — Executive Order Draws Backlash From Doctors, Legal ExpertsAsset Forfeiture: Need To Establish Legitimacy Of Purchase FundsThe Advocate — Like NBA, Like Osun: Issues In Election Credibility“We Were Still Mobilising Officers; There Was No D-Day” — Col Ma’aji Says Alleged Coup Plot Was Driven By “Patriotism,” Seeks Pardon“Mali Army Says 40 Jihadists Killed In Attack On Military Base” — JNIM Claims Assault As Security Situation Worsens“AI Will Expand Human Capabilities, Not Make People Irrelevant” — Zuckerberg Says Invention, New Businesses Will Shape Future Of Work“EFCC Arrests Fake Operative In Maiduguri Over Alleged ₦3m Fraud” — Recovers Money, Says Suspect Paraded Himself As Commission Officer“Kano People Do Not Support Divisive Remarks” — Kwankwaso Condemns Sheikh Jingir’s Muslim-Muslim Ticket Comment Ahead Of 2027“FG Deploys Passport Intervention Team To UK” — NIS To Clear Pending Applications, Process Renewals For Nigerians In Diaspora“Police Kill Suspected Bandit Kingpin ‘Acid’ Linked To Imo Monarch’s Murder” — Recover AK-47, 56 Rounds Of Ammunition“NUPRC Approves Over $57bn Field Development Plans” — Says 22 Offshore Projects Could Attract Up To $50bn By 2030“Greenwich Merchant Bank Transforms Into Commercial Bank” — New Licence Expands Services To Retail, SMEs, Public Sector“Plateau Crisis Is About Identity, Land, Justice And Belonging” — Jang Says Unresolved Grievances, Leadership Failures Fuelled Decades Of Violence“NRS, JRB Issue New Guidelines On Crypto P2P Taxation” — VASPs To Withhold 1% On Virtual Asset Disposals“Lagos Police Probe Death Of Nigerian Law School Student At Victoria Island Hostel” — 23-Year-Old Allegedly Fell From Rooftop“Meter Manufacturers Drop Suit Against 1.55m Smart Meter Imports” — AMMON Says FG Talks Resolved Dispute In National Interest“NAF Airstrike Kills Nine ISWAP Fighters In Sambisa Forest” — Says Key Commander Abu Khalid Al Muhajir Neutralised In Precision Operation“INEC Extends Deadline For Parties To Submit 2027 Governorship, Assembly Candidates” — Suspends PVC Collection In Osun Ahead August 15 Poll“I Helped 10 Pregnant Women Deliver Babies Bare-Handed In Captivity” — Rescued Kwara Nurse Recounts Six-Month Ordeal With Terrorists“Court Orders Lagos Administrator-General To Take Over Labode Akindele’s Estate” — Late Billionaire’s Son Challenges Validity Of Will[REVEALED] NBA President Osigwe Rejected Ulegede’s 2015 Petition Against Gadzama, Says “No Basis To Further Inquire Into The Matter”“US Court Confirms Divorce Settlement Against Nigerian-Born Simon Guobadia” — Grants Porsha Williams Atlanta Mansion, $1.57m Reimbursement And Rolls-Royce Title“Ejike Ezenwa SAN Tours L.I.B.I Estate, Commends Lawyers’ Mass-Housing Investment Scheme” — AGC Promo Offers Plots From ₦24.5m, Prices To Rise After Conference“Lack Of Electricity Makes Population Double In Nigeria” — Fayose Says Darkness Leaves Rural Residents With Few Night-Time Alternatives“EFCC Can Freeze An Account For 72 Hours, But A State’s Statutory Account Is Different” — Ubani Says Govt Actions Are Subject To Citizens’ Scrutiny“Bank Of America Spends Over $250m Yearly On Weight-Loss Drugs For Employees” — CEO Says GLP-1 Coverage Is A Good Investment Despite Rising Costs“Police Report Implicates Budget Office, OAGF, HoS Officials In Fake DG’s ₦400m Fraud” — Seeks DPP Advice On Prosecution Of Five Govt Officers“The EFCC Froze Three Osun Government Accounts, Not One,” Court Document Reveals Wider Scope Of The Freeze“Tinubu, Wike, Akume, Others Allegedly Listed As PFIPC Board Members” — Reps Query FRSC Over Seven Official Number Plates“Trading Naira Notes, Off-Market Forex Cost Four Their Freedom” — Court Jails Baros, Injay, Suleimon, Sholanke“Ghana Court Convicts Two Nigerians Ndifon, Akong ” — Sentences Them To 20 Years Each For Trafficking 11 Compatriots“Court Sentences Final-Year Student To 25 Years For Rape Of 10-Year-Old Girl” — Orders His Arrest, Directs University To Withhold Certificate“Fraudster Is Using Justice Kanyip’s Identity To Seek Contracts And Payments” — National Industrial Court Warns Public“Only Lazy People Depend On Markets For Food” — Senator Nwaebonyi Tells Nigerians To Embrace Farming Amid Rising Prices“12-Hour Flight Delay Amounted To Breach Of Contract” — Court Orders Dana Air To Pay Lawyer ₦5.5m“Court Sentences Abdulshakur Tukur, Abdullahi Buba To Death By Hanging” — Convicted Over Ahmad Yakubu’s Murder“Army Graduates 1,178 Troops For Counter-Terrorism Operations” —Says Graduates Will Strengthen Newly Created Formations“Zamfara APC Senatorial Ticket: Court Reserves Judgment For August 31” — Shinkafi Challenges Ya’u’s Emergence“I’m Embarrassed A Lawyer Would Claim Documents Were Forged When No Court Has Said So” — Ogala, SAN Faults Allegations Against Tinubu’s Credentials“Tinubu Turned EFCC’s Osun Account Reversal Into Cheap Political Point” — Maduabuchi SAN Says AGF, Not President, Should Have Quietly Directed Action“The Homeland Is Not For Sale” — Protesters Clash With Police As Argentine Senate Debates Controversial Property Bill“Tinubu’s EFCC Directive One Of His Best Decisions” — Prof. Agbazuere Says Commission Is Under Executive Powers Of President“Trump Orders Crackdown On Birth Tourism” — New Executive Orders Seek To Deny Citizenship To Children Of Some Non-Citizens Born In US“Ex-Finance Minister Kemi Adeosun’s Husband, Anthony, Dies At 62”— Family Remembers His Faith, Integrity And Service“Adeleke, Osun Sue EFCC, First Bank For ₦2bn Over Frozen Statutory Account” — Seek Immediate Unfreezing, Perpetual Injunction“How Do You Not Go Through Primary And Secondary Certification But You Have A University Degree?” — Odinkalu Says Supreme Court Enabled The President’s Record“The Courts Have Made Two Things Plain: Freeze Accounts Only On Court Orders, And The EFCC Has Limited Powers” — Says Prof. Ajayi, SAN“Court Restrains UNICAL VC, Others From Interfering With Chaplain’s Rights” — Orders Status Quo In Chapel Of Redemption Dispute“Abacha Loot Was No Hoax; Abdulsalami Should Apologise And Quit Peace Committee” — Falana Says His Own Decree Confirmed Illegal Forfeitures“Oyebanji Awards Full Scholarship To Ekiti Spelling Bee World Champion” — Gifts Damilola Adeolu, School, Coach ₦5m“Court Of Appeal Bars EFCC From Investigating Fayemi, Ekiti Officials Over State Accounts” — Says Commission Cannot Ignore Subsisting Judgment“Let Osun Remain Peaceful” — Davido Urges Voters To Reject Violence, Appeals To Uzodimma Against Election Interference“Human Rights, Security Must Go Hand In Hand” — AGF Inaugurates NHRC–Police Liaison Framework To Strengthen Accountability“Tinubu Administration Is Not Seeking A One-Party State” — Akume Pledges Respect For INEC, Continued Dialogue With Catholic Bishops“PSC Deploys Eight Commissioners Of Police To States” — Appoints AIG Auwal Mohammed As Police Academy Commandant“Police Arrest Fifth Suspect Over Killing Of UNIJOS Graduate” — Command Says Victim Was Tied To Pole, Tortured By Mob“Many Nigerian Airlines May Collapse Within 30 Days Without Urgent Intervention” — Onyema Warns FG“US Moves To Revoke Citizenship Of 25 Naturalised Americans” — Three Nigerians Named As DOJ Launches Largest Coordinated Denaturalisation Push
Sat. Aug 15th, 2026
Trending News: “Court Freezes Ise Kingdom Obaship Process In Lagos” — Bars Govt From Acting On Purported Oba-Elect Nomination“Cambridge’s Youngest Black Professor Jason Arday Found Dead At 41” — Death Comes Days After Resignation Amid Plagiarism Allegations“Suleja Crackdown: Police Arrest 139 Suspects, Arraign 64” — Recover Cutlasses, Knives, Live Cartridges“Atiku, ADC Drag Tinubu To Federal High Court Over Alleged NYSC Certificate Forgery” — Seek Disqualification From 2027 Presidential Election“Vandals Bring Down Five TCN Towers In Akwa Ibom, Seven More At Risk” — Ibom Power Left Without Supply As TCN Begins Emergency Repairs“Anyone Who Is Making Money From Politics Is An Evil Person” — Melaye Says 90% Of Nigerian Politicians Have No Second Address“Court Remands Ex-NBA Shendam Chairman Tsenyen In SSS Custody” — To Decide If Fresh Cyberstalking Trial Amounts To Double Jeopardy“Ronaldo, Georgina Sign Prenuptial Agreement To Keep Assets Separate” — Details Emerge After Private Portugal Wedding“Tinubu Signs Nigerian Ports Economic Regulatory Agency Act” — Gives Shippers’ Council Full Legal Backing To Regulate Tariffs, Charges“Ghana Police Arrest Nigerian, Kill Two In Alleged Foiled Bank Robbery” — GCB Denies Attempt At Its Branch As Vehicle Record Raises Questions“Keyamo Gives Airlines One Week To Agree Repayment Plans For Outstanding 5% Ticket Sales Charges” — Orders Unions Direct Access To Workers“NAICOM Clears Seven More Insurers, Brings Recapitalisation Exercise To Conclusion” — 50 Firms Meet Revised Capital Requirements“Orders Police To Investigate Fadahunsi Over Alleged ‘Kill Accord Members’ Remark” — Report Due Within Two Weeks“Hazardous Gases, Pollution Detected In Bille Community” — Reps Demand Urgent Action Over Nine-Month Gas Seepage“Court Throws Out Trump’s Suit Against Harvard” — Says Alleged Incidents Too Isolated To Prove Civil Rights ViolationsVIDEO: “Pelosi Denies Knowing Extent Of Biden’s Decline While President” — Faults Those Who ‘Should Have Acted Sooner“Tax Ombud To Launch Taxpayer Bill Of Rights And Obligations” — Seeks Liaison Officers In Revenue Agencies“EFCC Prosecutes Woman Over Alleged ₦42.345m PMS Supply Deal” — Court Sets Review Of Facts, TrialPresidential Working Group Seeks Wider Input On National Policing Bill” — Extends Memoranda Deadline By August 21“We Will Use Fadahunsi As An Example To End Politicians’ Impunity Over Electoral Violence” — Amnesty International“Federal High Court Could Not Override Supreme Court On SDP Leadership” — Court Of Appeal Voids Judgment Recognising Gabam“US Arrests 11 Over Alleged 1,000 Sham Marriages For Green Cards” — DOJ Says Foreign Nationals Paid Up To $100,000 Each“US Media Groups Sue Trump Over Paid Early Access To Truth Social Posts” — Call Scheme ‘Corrupt And Unconstitutional’“Court Nullifies Dissolution Of PENGASSAN Chevron Executives, September 2025 Elections” — Orders Fresh Poll Within 30 Days“Wike Orders Immediate Closure Of Secretariat For Sale Of FG Houses In FCT” — Creates New Division In Land Administration Department“NDC Ticket Dispute Deepens In Peter Obi’s Anaocha 1 Constituency” — Ogbuefi, Okoye Await INEC List“Court Remands Damilola Shoyemi In Kirikiri Over Alleged Cyberbullying” — Faces Charges Over Death Threats Against Mohbad’s Widow And Son“Issues Already Joined”—Court Rejects Oyerinmade’s Bid To Withdraw Suit, Dismisses Challenge To Adefiranye’s APC Ticket“Nigeria Fails US Fiscal Transparency Test” — Report Says Actual Revenues, Expenditures Audit And Procurement Do Not Match Approved Budget“Adeleke Campaign Spokesman, Pelumi Olajengbesi, Esq., Threatens ₦10bn Defamation Suit Against Senator Fadahunsi” — Over Alleged Cult Sponsorship Claims“EFCC Invites Insurance Commissioner Over Alleged ₦30bn Recapitalisation Fees, 1% Capital Charge” — NICON, Nigeria Re Question Legal Basis“We Weaponise Religion And Division For Political Advantage, Leaving Permanent Damage” — APC Chairman Yilwatda Warns Politicians“Atiku Raises Alarm Over BVAS Running On Outdated Android 10” — Calls For Independent Audit Ahead Of 2027 Elections“Delta To Introduce Biometric Criminal Database For Persons Charged With Offences” — AG Ohwovoriole Says System Will Boost Security“It Is A Crime To Do That And Whoever Does That Should Be Arrested,” Says NCAA DG, Achimugu, On Bus Parked On Lagos Airport Airside“Justice Nwagboso Altered His Judgment After Delivery” — Odinkalu Says Imo Judge Was Among Nine Compulsorily Retired For Age Falsification“Students’ Data Allegedly Used To Open Bank Accounts Without Lawful Basis” — NDPC Begins Forensic Probe Of UNILAG, Lotus Bank, Hackerbella“Professors Now Aid Illiterates To Rig Elections, SANs Defend Forgery” — Peter Obi Laments Decline Of Nigeria’s Democracy“Former PENGASSAN President and UN Global Mediator Panel Member”— Louis Brown Ogbeifun To Speak At ICMC Conference”“Emir Sanusi Has No Carry-Over, Viral Claim Is False And Baseless” — Northwest University Kano Warns Against Defamatory Posts“Nigerian Law School Confirms Death Of Student Who Fell From Lagos Campus Hostel Rooftop” — Says Family’s Privacy Should Be Respected“EU Has Not Rejected INEC’s Invitation For 2027 Election Observation” — Ambassador Says Reports Are Speculative, Confirms Expert Mission To Nigeria“Trump Moves To Cut Universal Childhood Vaccine Recommendations” — Executive Order Draws Backlash From Doctors, Legal ExpertsAsset Forfeiture: Need To Establish Legitimacy Of Purchase FundsThe Advocate — Like NBA, Like Osun: Issues In Election Credibility“We Were Still Mobilising Officers; There Was No D-Day” — Col Ma’aji Says Alleged Coup Plot Was Driven By “Patriotism,” Seeks Pardon“Mali Army Says 40 Jihadists Killed In Attack On Military Base” — JNIM Claims Assault As Security Situation Worsens“AI Will Expand Human Capabilities, Not Make People Irrelevant” — Zuckerberg Says Invention, New Businesses Will Shape Future Of Work“EFCC Arrests Fake Operative In Maiduguri Over Alleged ₦3m Fraud” — Recovers Money, Says Suspect Paraded Himself As Commission Officer“Kano People Do Not Support Divisive Remarks” — Kwankwaso Condemns Sheikh Jingir’s Muslim-Muslim Ticket Comment Ahead Of 2027“FG Deploys Passport Intervention Team To UK” — NIS To Clear Pending Applications, Process Renewals For Nigerians In Diaspora“Police Kill Suspected Bandit Kingpin ‘Acid’ Linked To Imo Monarch’s Murder” — Recover AK-47, 56 Rounds Of Ammunition“NUPRC Approves Over $57bn Field Development Plans” — Says 22 Offshore Projects Could Attract Up To $50bn By 2030“Greenwich Merchant Bank Transforms Into Commercial Bank” — New Licence Expands Services To Retail, SMEs, Public Sector“Plateau Crisis Is About Identity, Land, Justice And Belonging” — Jang Says Unresolved Grievances, Leadership Failures Fuelled Decades Of Violence“NRS, JRB Issue New Guidelines On Crypto P2P Taxation” — VASPs To Withhold 1% On Virtual Asset Disposals“Lagos Police Probe Death Of Nigerian Law School Student At Victoria Island Hostel” — 23-Year-Old Allegedly Fell From Rooftop“Meter Manufacturers Drop Suit Against 1.55m Smart Meter Imports” — AMMON Says FG Talks Resolved Dispute In National Interest“NAF Airstrike Kills Nine ISWAP Fighters In Sambisa Forest” — Says Key Commander Abu Khalid Al Muhajir Neutralised In Precision Operation“INEC Extends Deadline For Parties To Submit 2027 Governorship, Assembly Candidates” — Suspends PVC Collection In Osun Ahead August 15 Poll“I Helped 10 Pregnant Women Deliver Babies Bare-Handed In Captivity” — Rescued Kwara Nurse Recounts Six-Month Ordeal With Terrorists“Court Orders Lagos Administrator-General To Take Over Labode Akindele’s Estate” — Late Billionaire’s Son Challenges Validity Of Will[REVEALED] NBA President Osigwe Rejected Ulegede’s 2015 Petition Against Gadzama, Says “No Basis To Further Inquire Into The Matter”“US Court Confirms Divorce Settlement Against Nigerian-Born Simon Guobadia” — Grants Porsha Williams Atlanta Mansion, $1.57m Reimbursement And Rolls-Royce Title“Ejike Ezenwa SAN Tours L.I.B.I Estate, Commends Lawyers’ Mass-Housing Investment Scheme” — AGC Promo Offers Plots From ₦24.5m, Prices To Rise After Conference“Lack Of Electricity Makes Population Double In Nigeria” — Fayose Says Darkness Leaves Rural Residents With Few Night-Time Alternatives“EFCC Can Freeze An Account For 72 Hours, But A State’s Statutory Account Is Different” — Ubani Says Govt Actions Are Subject To Citizens’ Scrutiny“Bank Of America Spends Over $250m Yearly On Weight-Loss Drugs For Employees” — CEO Says GLP-1 Coverage Is A Good Investment Despite Rising Costs“Police Report Implicates Budget Office, OAGF, HoS Officials In Fake DG’s ₦400m Fraud” — Seeks DPP Advice On Prosecution Of Five Govt Officers“The EFCC Froze Three Osun Government Accounts, Not One,” Court Document Reveals Wider Scope Of The Freeze“Tinubu, Wike, Akume, Others Allegedly Listed As PFIPC Board Members” — Reps Query FRSC Over Seven Official Number Plates“Trading Naira Notes, Off-Market Forex Cost Four Their Freedom” — Court Jails Baros, Injay, Suleimon, Sholanke“Ghana Court Convicts Two Nigerians Ndifon, Akong ” — Sentences Them To 20 Years Each For Trafficking 11 Compatriots“Court Sentences Final-Year Student To 25 Years For Rape Of 10-Year-Old Girl” — Orders His Arrest, Directs University To Withhold Certificate“Fraudster Is Using Justice Kanyip’s Identity To Seek Contracts And Payments” — National Industrial Court Warns Public“Only Lazy People Depend On Markets For Food” — Senator Nwaebonyi Tells Nigerians To Embrace Farming Amid Rising Prices“12-Hour Flight Delay Amounted To Breach Of Contract” — Court Orders Dana Air To Pay Lawyer ₦5.5m“Court Sentences Abdulshakur Tukur, Abdullahi Buba To Death By Hanging” — Convicted Over Ahmad Yakubu’s Murder“Army Graduates 1,178 Troops For Counter-Terrorism Operations” —Says Graduates Will Strengthen Newly Created Formations“Zamfara APC Senatorial Ticket: Court Reserves Judgment For August 31” — Shinkafi Challenges Ya’u’s Emergence“I’m Embarrassed A Lawyer Would Claim Documents Were Forged When No Court Has Said So” — Ogala, SAN Faults Allegations Against Tinubu’s Credentials“Tinubu Turned EFCC’s Osun Account Reversal Into Cheap Political Point” — Maduabuchi SAN Says AGF, Not President, Should Have Quietly Directed Action“The Homeland Is Not For Sale” — Protesters Clash With Police As Argentine Senate Debates Controversial Property Bill“Tinubu’s EFCC Directive One Of His Best Decisions” — Prof. Agbazuere Says Commission Is Under Executive Powers Of President“Trump Orders Crackdown On Birth Tourism” — New Executive Orders Seek To Deny Citizenship To Children Of Some Non-Citizens Born In US“Ex-Finance Minister Kemi Adeosun’s Husband, Anthony, Dies At 62”— Family Remembers His Faith, Integrity And Service“Adeleke, Osun Sue EFCC, First Bank For ₦2bn Over Frozen Statutory Account” — Seek Immediate Unfreezing, Perpetual Injunction“How Do You Not Go Through Primary And Secondary Certification But You Have A University Degree?” — Odinkalu Says Supreme Court Enabled The President’s Record“The Courts Have Made Two Things Plain: Freeze Accounts Only On Court Orders, And The EFCC Has Limited Powers” — Says Prof. Ajayi, SAN“Court Restrains UNICAL VC, Others From Interfering With Chaplain’s Rights” — Orders Status Quo In Chapel Of Redemption Dispute“Abacha Loot Was No Hoax; Abdulsalami Should Apologise And Quit Peace Committee” — Falana Says His Own Decree Confirmed Illegal Forfeitures“Oyebanji Awards Full Scholarship To Ekiti Spelling Bee World Champion” — Gifts Damilola Adeolu, School, Coach ₦5m“Court Of Appeal Bars EFCC From Investigating Fayemi, Ekiti Officials Over State Accounts” — Says Commission Cannot Ignore Subsisting Judgment“Let Osun Remain Peaceful” — Davido Urges Voters To Reject Violence, Appeals To Uzodimma Against Election Interference“Human Rights, Security Must Go Hand In Hand” — AGF Inaugurates NHRC–Police Liaison Framework To Strengthen Accountability“Tinubu Administration Is Not Seeking A One-Party State” — Akume Pledges Respect For INEC, Continued Dialogue With Catholic Bishops“PSC Deploys Eight Commissioners Of Police To States” — Appoints AIG Auwal Mohammed As Police Academy Commandant“Police Arrest Fifth Suspect Over Killing Of UNIJOS Graduate” — Command Says Victim Was Tied To Pole, Tortured By Mob“Many Nigerian Airlines May Collapse Within 30 Days Without Urgent Intervention” — Onyema Warns FG“US Moves To Revoke Citizenship Of 25 Naturalised Americans” — Three Nigerians Named As DOJ Launches Largest Coordinated Denaturalisation Push
Sat. Aug 15th, 2026

The War On Paper Currency Begins: ECB Votes To “Scrap” 500 Euro Bill

  • Naira
  • February 16, 2016
  • 0 Comments
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Update: in case there was any doubt about the ECB’s true intentions, we just got the official “denial”:

  • DRAGHI: ANY ECB ACTION ON EU500 NOTE IS NOT ABOUT REDUCING CASH

Translation: the ECB action is only about reducing physical cash, some 30% of it to be specific.

* * *

The first shot in the global war on cash was just fired, by none other than the ECB, which moments ago Handelsblatt reported…

ECB wants to stop issuing 500 Euro bills – our exclusive https://t.co/LLe2qyhBjK

— Daniel Schäfer (@schaeferdaniel) February 15, 2016

… and Bloomberg confirmed – ECB COUNCIL VOTES TO SCRAP EU500 NOTE: HANDELSBLATT – has voted to scrap the second highest denominated European bank note in circulation:

… after the CHF 1000 note.

So what, big deal, eliminate it. The people will still have 5, 10, 20, 50, 100 and 200 euro bills right.

As we wrote just one week ago, the answer is not that simple at all. Recall that the €500 note is the second highest currency denomination in G10, after the CHF1,000 note. More importantly, the total value of €500 notes in circulation amounts to €306.8bn and has been rising as shown in this BofA chart:

Furthermore, as a share of the value of total euros in circulation, the €500 note is the second-highest, after the €50 note.

This is what we said last Thursday:

In other words, if overnight the €307 billion worth of €500 bills were eliminated, the notional value of the entire amount of European physical currency in circulation would decline by 30% to €700 billion!

And there you have it: while it may not be banning all European cash outright, we are confident the ECB would be delighted if one third of it was to start, while pretending to be fighting financial crime, terrorism, corruption and drug dealers. 

Of course, what Europe would be truly doing is setting the scene for ever more aggressive NIRP, and by removing the highest denomination bank notes, it would make evading negative that much more difficult and costly (albeit would certainly favor gold).

That’s not all: as Bank of America pointed out, abolishing the €500 note may even end up even weakening the European currency:

… we would expect that abolishing a note that represents almost 30% of the total Euros in circulation would be negative for the currency, keeping everything else constant. The share of the €500 note in the total value of Euros in circulation has been falling since 2009 and this has coincided with a weakening Euro in real effective terms. This is not evidence of causality, but we should not ignore it.

If we are right, the Euro will weaken, primarily against the USD and the CHF. The USD is the most liquid currency and we would expect it to capture a large share of the drop in the demand for the Euro as a store of value. However, the CHF could also benefit, having the largest note denomination in G10 economies. Indeed, the CHF1000 note is already very popular, representing more than 60% of the CHF  notes in circulation, unless the SNB follows the example of the ECB and also abolishes the CHF1000 note.

BofA is right, unless of course, in this global race to the bottom where every central bank tit has other central bank tats as a direct response, first the SNB “scraps” the CHF1000 bill, and then the Federal Reserve follows suit and listens to Harvard “scholar” and former Standard Chartered CEO Peter Sands who just last week said the US should ban the $100 note as it would “deter tax evasion, financial crime, terrorism and corruption.”

Go ahead and cut, then: after all who really needs the Benjamins, right? Well, here’s the thing:

Chart of value of currency in circulation, excluding denominations larger than the $100 note. Details are in the Data table above.

As the Treasury chart above shows, $100 bills account for for $1.08 trillion of the $1.38 trillion total in circulation. So should the Fed react to the ECB’s “scrapping” of the €500 bill, which accounts for 30% of the value of currency in circulation, then the Fed would respond in kind, by eliminating 78% of all paper currency in circulation by value.

Not a bad way to launch a global ban on paper currency ahead of a global NIRP regime, and all, of course, in the name of fighting “tax evasion, financial crime, terrorism and corruption.”

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    Spread the loveNGX Gains N85bn as Investors Park Cash in Banking Stocks As equities investors continue to grow, the equities market capitalisation of the Nigerian Exchange (NGX) inched near N40…

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