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Israel Begins Direct Flights To Nigeria In March – Sharon Bar-Li

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Sharon Bar-Li, Deputy Director-General, African department, Israel ministry of foreign affairs relations and trade, says trade between Israel and Nigeria will increase with the commencement of direct flights connecting both countries from March.

Bar-Li said this at a meeting with Nigerian journalists on a media tour to Jerusalem on Wednesday.

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She said direct flights from Nigeria to Israel would further strengthen relations between Africa and the Middle East.

“Once we are able to inaugurate direct flights between Nigeria and Israel we are going to see a boost because right now, there is no gateway for Israel into Africa,” she said.

As a former ambassador to Ghana, I can tell you that it is very difficult once you do not have a direct flight. Once this route starts working, we are going to see a huge change.

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“We are going to see business flourishing; people will be able to come and go easily. We will see a pilgrimage. “

The Israeli official further said Nigeria was a very religious country and the citizens, both Christians, and Muslims, went to Israel on pilgrimage.

“Do not forget that Jerusalem is a sacred place for free religions, not just to Christianity, not just to Judaism, but also to Islam where people come to mount to do little hajj,” Bar-Li added.

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“By March, I really hope to be able to welcome to Israel the minister who will come on the first flight to inaugurate this route. It will be a very profitable route with a high demand for it.

“The eagerness to open this new route is a good sign for post COVID-19 recovery. “

Bar-Li said the inauguration direct flights between Israel and Nigeria would break all trade barriers, and thereby improve the minimal bilateral relations between both countries which had been on the low in recent years.

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“The trade is very minimal and I am hopeful that with this direct flight, we will have no more excuses,” she added.

Last year, Air Peace, Nigeria’s flag carrier, said it was ready to operate direct flights to Israel.

According to Allen Onyema, chief executive officer, Air Peace, the desire to kick off flights from Lagos to Tel Aviv was to ease the burden of connecting flights on intending pilgrims from Nigeria.

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JUST IN: IMF ask CBN to extend Feb 10 deadline for old naira notes

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By Francesca Iwambe

The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to extend the February 10 deadline for the use of old naira notes if the difficulties in getting new notes persist.

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According to the IMF, the call become necessary as the development had led to the disruptions to trade and payments due to the shortage of new noted in the bank.

The call was contained in a statement made available to journalists on Wednesday.

“In light of hardships caused by disruptions to trade and payments due to the shortage of new bank notes available to the public, in spite of measures introduced by the CBN to mitigate the challenges in the banknote swap process, the IMF encourages the CBN to consider extending the deadline, should problems persist in the next few days leading up to the February 10, 2023 deadline,” the statement reads.

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BREAKING: Supreme Court suspends February 10 deadline for naira swap

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By Francesca Iwambe, Abuja

The Supreme Court of Nigeria has restrained the Central Bank of Nigeria (CBN) and Federal Government from ending the legal tender statuses of old N200, N500 and N1000 banknotes on February 10, 2023.

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The apex court made the order following the suit filed by three State governments challenging the Naira swap policy.

Recall that governments of Kaduna, Zamfara and Kogi States had approached the Supreme Court seeking an order to stop the policy.

Naijablitznews.com will bring you more details shortly

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CBN captures more Communities as currency swap is continuous in Taraba

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Emmanuel Awari-Jalingo

The Central Bank of Nigeria (CBN), on Friday extend her currency swap exercise to more Communities of Yorro, Ardo-Kola and Ibi local government areas of Taraba state.

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The Director Financial System Strategy, Central Bank of Nigeria, Ibrahim Hassan who disclosed this to our correspondent in Jalingo said, the development was in continuation of the CBN initiative targeted at ensuring that all rural dwellers in Taraba have their old naira notes swapped to new ones or deposited in banks before the extended CBN deadline for currency swap.

Hassan noted that the currency Swap Initiative was to help save communities who do not have access to bank, swap their old naira notes to the new notes.

“Just as we have been doing to ensure that people in the rural Communities of Taraba who do not have access to Bank have their old naira notes swap to new ones. CBN delegation have been drafted to more Communities of Yorro, Ardo-Kola and Ibi local to ensure success of the initiative.

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“CBN delegation for Yorro is led by Mr Jackson Imandi, the Deputy Director, the one Ardo-Kola is led by Mr. Kazeem Olatinmu while the one in Ibi local government is been led by the CBN Head of Banking Services in Taraba State, Hayatu Yahaya Shehu to ensure the villagers gain advantage of the Ten days extension for the currency swap” Hassan explained.

When contacted, the chief of Mumuye in Yorro local government, Ado Adamu Manang, that of Ibi, Abubakar Salihu Danbaw and some beneficiary of the exercise in Ardo-Kola local government, Mohammed Musa, Hafsatu Babangida and Isa Mahmud, commended the central Bank of Nigeria for the exercise as it was the best for villagers and promised to help create massive awareness for people to swap their old naira notes to the new ones.

According to them, businesses were already collapsing as people were no longer accepting the old naira notes even before the extended window.

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