Lanshu Li and Zheng Han. Among them are Chen Min’er, the party boss of Chongqing, who has been one of Xi’s longstanding protégés and close supporters, Ding Xuexiang, the head of the Communist Party’s General Office, who is 60, and Li Qiang, the party chief of Shanghai, who is 63. According to Chen Gang, Senior Research Fellow at National University of Singapore’s East Asian Institute, a top body made up entirely of loyalists would “weaken further” top-level power sharing. “Unlike his predecessors, Xi is no longer top among equals in this situation. Even if they backed him before joining the committee, he still has to delegate authority to other standing committee members, he said. Eyes will also be on Hu Chunhua, 59, a vice premier outside of Xi’s sphere of influence who was once seen as a possible successor to Xi. Hu’s career was halted in 2017 when he was not given a promotion into the Standing Committee. The presence of a young person on the standing committee, who...
CBN orders banks to collect old N500, N1,000 notes By Babajide Komolafe, Economy Editor The Central Bank of Nigeria, CBN, has directed Deposit Money Banks to collect old N500, and N1,000 notes from customers with reference code generated from its website. Multiple bank sources told Vanguard that the branches received a directive from the head office some hours ago that they should collect the old notes from their customers who have enrolled and generated reference code from the CBN website. A top CBN official confirmed the directive: “Yes we have directed them to collect the old N500 and N1,000 from customers, subject to maximum of N500,000.” Recall that President Muhammadu Buhari directed that the old N500 and N1,000 notes were no longer legal tenders, but that those having the notes should take the notes to the CBN.
Ahmad Salihijo Ahmad is an energy, environmental specialist and the current Managing Director/Chief Executive Officer of the Rural Electrification Agency (REA). The agency is charged with the responsibility of providing access to reliable electric power supply for rural dwellers irrespective of where they live. Ahmad speaks, in this interview, on how his agency is boosting the economic development of rural dwellers while discharging their duties. Excerpts: By Olalekan Bilesanmi Your agency focuses on rural electrification and in implementing your mandate, several households are benefiting from improved livelihoods, could you please tell us about how your agency is contributing to this. Primarily, the Rural Electrification Agency (REA) is an implementing agency of government, set up through the Electric Power Sector Reform (EPSR) Act of 2005, and is under the supervision of the Federal Ministry of Power. The Agency is mandated to provide power to the unserved and underserved Niger...
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