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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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CBN rolls out security features for new notes

Redesigned naira notes


By Favour Ajibade


The Central Bank of Nigeria (CBN) has released security features in the redesigned naira notes, in order to prevent users( Nigerians) from falling victims of using fake currency for transactions.

This happens, as the news of new fake naira notes is rife in the country, with traders rejecting N200 and N500 units on allegations they have been counterfeited. 

The apex bank, it was gathered, has marked out security features and peculiarities that distinctively differentiate the new naira notes and make them inviolable to counterfeiting.

The security features, New Mirror gathered, included, at least, 23 features on the N1,000 note, 15 features on the N500 note and 10 features on the N200 note.

Explaining the features to Nigerians,  CBN's Governor, Godwin Emiefiele, advised Nigerians to look out for intaglio raised print, portrait watermark, officially variable ink that changes from blue to green with change in angle of view, kinegram with the image of N1,000 and Coat of Arms, iridescent band, windowed metallic security thread and see through printing in register, adding that the N1000 notes have been tampered with,  once those features are not found in them.

On N500 notes,  Emiefele highlighted their features to include hand-engraved portrait, windowed metallic security thread with CBN inscription, CBN 500 watermark, portrait watermark, officially variable ink that changes from blue to green with change in angle of view, silver patch with embossed Coat of Arms, see through printing in register and raised intaglio print.


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