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CBN Releases N129 Billion Into Nigeria Economy In October As Currency In Circulation Rises To N2.97 Trillion

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According to Central Bank of Nigeria figures, the amount of cash in the economy climbed by N129 billion in October to a total of N2.97 trillion.

The data titled Currency in Circulation(CIC) shows that as of September 2021 the total money in the economy stood at N2.84 trillion.

This is an increase when compared to N2.78tn in August and N2.81tn in July. Currency in circulation is defined as currency outside the central bank’s vaults – that is, all legal tender currency in the hands of the general public and in deposit money banks’ vaults.

According to CBN, maintaining public confidence and ensuring the integrity of circulated notes in the economy is top of its mandate.

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CBN also said there is a clean note policy and banknote fitness guidelines that ensure the quality of Naira notes in circulation.

“The clean note policy comprises a wide variety of currency management activities aimed at preserving the integrity and quality of banknotes in circulation.”

The policy further states that all freshly created and current banknotes must meet predetermined requirements before being circulated and re-circulated in the economy.
On how it computes the currency circulation in the country, CBN noted that it employed the accounting/statistical/withdrawals and deposits approach.

It said this approach involved tracking the movements in currency in circulation on a transaction-by-transaction basis.

“For every withdrawal made by a DMB at one of CBN’s branches, an increase in CIC is recorded; and for every deposit made by a DMB at one of CBN’s branches, a decrease in CIC is recorded.

“The transactions are all recorded in the CBN’s CIC account, and the balance on the account at any point in time represented the country’s currency in circulation.”

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Drama As Female Preacher Aggressively Confronts Young Girls Over Indecent Dressing In A Market (Video)

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A dramatic incident has played out between a female preacher and some girls she accused of dressing indecently.

The preacher identified as Sister Kate in a video shared online could be seen aggressively confronting the girls because of how they dressed.

Sister Kate could be seen yelling at the top of her voice quizzing the girls on their reasons for dressing ‘naked’ market.

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The evangelist who did not give the ladies a breathing air enquired to know if they were believers and if their faith supports such an outfit.

Watch the video below:-

 

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A post shared by GistReel TV (@gistreeltv)

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Olori Kafayat Adeyemi Dies In The US, 2months After Alaafin’s Death

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One of the wife’s of the late Alaafin of Oyo, Oba Lamidi Adeyemi has joined her ancestors.

The Oyo palace was thrown into mourning following the announcement of Olori Kafayat Adeyemi.

The queen was said to have died on Friday, July 1st, in the United States, barely two months after her husband, the Alaafin died in April.

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Though details of her death is still sketchy as of the time of this report, sources confirm that she died on Friday night.

The Director of Media and Publicity at the Alaafin’s Palace, Mr. Bode Durojaye, confirmed the incident on Saturday morning. He said:

”She died in the United States of America. I will give you the details later.”

Olori Kafayat Adeyemi was the fourth wife of the late Oba Adeyemi III. She was the mother of Prince Adebayo Adeyemi (D’Gov), who is the chairman of the Oyo State Local Government Pensions Board.

Before her demise, she was known as Iya Aguo or Iya Ibeji in Oyo Kingdom.

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Recall, the monarch, Alaafin of Oyo, Lamidi Adeyemi was announced dead on April 23rd, 2022.

According to the Premium Times, Alaafin Adeyemi, the third from the Alowodu Ruling House, died in the late hours of Friday, April 23rd at the Afe Babalola University Teaching Hospital, Ado Ekiti.

The remains of the top Yoruba traditional ruler were brought to Oyo in the early hours of Saturday, April 24 and traditional rites began.

He was 83 years old and the longest reigning Alaafin ever, having ruled for 52 years.

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Nigerian Couple Welcome Twins After 14 Years Of Waiting

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A Nigerian couple identified as Samuel and Joy Olorunfemi have been blessed with a set of twins, a boy and girl, in June, 2022, after waiting 14 years for the fruit of the womb.

Joy’s brother, Ohimai Abraham took to his social media page to share the good news and also share photos of the proud parents.

He captioned the post;

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“IT’S LIKE A DREAM. Where do I even start from? “This woman you see here is my immediate elder sister. She was married and trusting God for the fruit of the womb since 2008.”

It has been 14 solid years of trials, temptations, mockery, disappointment, weeping, crying and dispair.

Men thought they had the final say throughout these 14 years. But Yahweh who rememberd Sarah has proven to men that Him and Him alone have the final say. He proved Himself in our lives by settling my darling sister with a balanced set of twins (a boy and a girl).

Since the news of her delivery got to me since Sunday last week I have been so overjoyed that i couldn’t even think of what to write and post. Now, I fully understand the meaning of Psalm 126:1-3:

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“When the LORD turned again the captivity of Zion, we were like them that dream. Then was our mouth filled with laughter, and our tongue with singing: then said they among the heathen, The LORD hath done great things for them. The LORD hath done great things for us; whereof we are glad.”

Indeed, what God can not do does not and can not exist. I beg make una join shout two solid Hallelujah to Jesus Christ our Lord.

Double Congratulations to my personal people Mr & Mrs Joy Olorunfemi Samuel Olorunfemi aka Papa & Mama Twins.

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Chinese Father Breaks Down In Tears After Son He Tutored Daily For 1 Year Scored 6/100 On A Math Exam

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A Chinese father was reduced to tears after the son he tutored daily for one year scored 6 out of 100 on a math exam.

The father who resides in Zhengzhou, Henan Province, received his son’s exam result on Thursday, June 23, and was filled with disappointment after seeing his math score.

A video trending in the Chinese cyberspace shows the father weeping uncontrollably upon seeing that his son scored only six points out of 100 in Math.

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He could be seen crying in a bedroom and wiping his tears while his wife could be heard laughing in the background.

“I don’t care anymore, my efforts are wasted, let him struggle by himself!” the father was quoted as saying.

According to the child’s mother, her husband taught their son math for hours every single day for the past one year and his result really broke his heart.

She said he was mainly disappointed because their son has been failing consistently in school and has been scoring between 40-50 points in previous examinations.

In other news, a heartbreaking video circulating online shows the moment a businesswoman broke down in tears after opening a bale she bought and discovered that it was filled with rags.

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In the video, the distraught woman who sells second-hand clothes also known as Okrika, could be seen crying uncontrollably as she checked the clothes in the bale.

According to her, she borrowed the money used in buying the bale and now she’s left with nothing because she can’t sell the rags.

She is heard saying, “God wetin I go do? I no get husband, children dey for school, God where are you”.

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