Godwin Emefiele, Governor of Central Bank of Nigeria has said that they’ve concluded plans to reduce the volume of higher denominations, N500 and N1000 in circulation to tame inflation.

Emefiele who claimed that high volume of higher denominations could be part of the factors fuelling inflation in the country, backed his claim up by pointing out that the highest denomination in the UK is £50 and the most spent currency in the country is £10.

He said;

“Rarely you find some people spend £20. Nobody sees £50. If you go around carrying £50 in the UK, they will begin to suspect you. Whereas, the reverse is what is happening in Nigeria. Nigerians want to carry N1,000 or N500.

“In fact, we’re beginning to see or think that increasing the high denomination bills is also part of what may even be fuelling inflation.

“So, over time, we will reduce the volume of N500 and N1000 in circulation.

“Let people carry N50 around. If you want to do high-value transactions, embrace online, embrace our agency programme, embrace our mobile banking programme. That is what you need. You want to conduct legal banking or financial services transactions, you have no business carrying N1,000.”

The Chief Medical Director of University College Hospital, Ibadan, Professor Jesse Otegbayo, has disclosed that about 661 clinical workers resigned their roles from 2020 till October 15, 2022, to relocate to other countries, a situation which has been taking its toll on the running of the hospital.

He made the lamentation, on Monday, in Ibadan, at a media briefing to mark the 65th founder’s day of the hospital.

Otegbayo said,

“Every week, I receive about 15 resignation letters; there are more nurses than doctors and pharmacists. The movement of health workers will continue for a while, I must confess, but the consequences are not going to be good for Nigeria because, in the next five years, we will feel full impart.”

He, however, noted that the Federal Ministry of Health had already instituted committees to look at the retention of health workers.

According to him, the committee of CMDs of tertiary hospitals has also made suggestions on this to different committees, including asking that the government ensures full replacement of staff that left.

Otegbayo said challenges faced by the hospital in providing training, research, and health care services also included the high cost of diesel to incessant electricity supply from the national grid, bureaucratic bottlenecks in replacing existing staffing, and negative perception and high expectations from the public.

South Africa’s Supreme Court of Appeal ruled on Monday November 21, that the decision to release former President Jacob Zuma on early medical parole was “unlawful” and that he should return to prison to finish his sentence for contempt of court.

Last year, Zuma was sentenced to 15 months imprisonment after ignoring a court order to testify at a government inquiry into widespread corruption during his near-decade as president, a tenure that ended in 2018 when incumbent Cyril Ramaphosa replaced him.

In September 2021, Zuma was released on medical parole after serving a fraction of the sentence.

But in December, the high court set aside the parole decision and ordered him to return to jail.

Zuma appealed that ruling and judgment was delivered on Monday, a month after the department of correctional services said his prison sentence had ended.

“In other words, Mr. Zuma, in law, has not finished serving his sentence. He must return to the Escourt Correctional centre to do so,” the Supreme Court of Appeal’s judgment read.

The court took issue with the department’s claim that Zuma’s sentence had ended while the appeal was still being heard.

It also found that the decision by the former national commissioner of correctional services to grant Zuma medical parole against the advice of the Medical Parole Advisory Board, a specialist body, was unlawful.

“On any conceivable basis, the commissioner’s decision was unlawful and unconstitutional. The high court was correct to set it aside,” the judgment said.

American actress, Nicki Aycox – best known for roles such as Meg Masters on The CW’s Supernatural and Jaimie Allen on TNT’s Dark Blue, has passed away at the age of 47 following a battle with cancer.

The star was diagnosed with leukemia in 2020 and died from the disease on Thursday, November 17.

Her death was confirmed on social media by her sister-in-law, Susan Raab Ceklosky.

“My beautiful, smart, fierce, incredibly talented, and loving sister-in-law, Nicki Aycox Raab, passed away yesterday with my brother, Matt Raab, by her side.

Nicki and Matt had a wonderful life together in California. She was definitely a fighter and everyone who knew her loved her.”

Aycox initially thought she had contracted Covid-19 after becoming ‘very ill’ but was later told she had cancer and underwent difficult chemotherapy treatments and stem cell transplants.

The actor appeared in several episodes of Supernatural between Seasons 1 and 4 in the episodes “Scarecrow,” “Shadow,” “Salvation,” “Devil’s Trap” and “Are You There, God? It’s Me, Dean Winchester.”

She appeared in Season 5 through archived footage. She also made appearances in shows such as Cold Case, CSI: Miami, Dark Angel and X-Files.

She retired from acting after Dead on Campus in 2014 and built an audience through her website, Cashews, and Olives, which is a lifestyle blog with a focus on vegan cooking recipes.

Chris Hemsworth has revealed he will be taking a break from acting to spend time with his family days after revealing that he has high risk of developing Alzheimer’s.

The Thor star, 39, told Vanity Fair, he has decided to take ‘time off’ after filming a confronting episode about death on his new Disney+ docu-series Limitless.

‘Doing an episode on death and facing your own mortality made me go, “Oh God, I’m not ready to go yet”,’ he said.

‘I want to sit and be in this space with a greater sense of stillness and gratitude. And then you start talking about kids and family…’ Chris explained:

‘It really triggered something in me to want to take some time off. And since we finished the show, I have been completing the things I was already contracted to do.’

He said he has decided to have a ‘good chunk of time off’ with his wife Elsa Pataky and their three children – India, 10, and twin boys Sasha and Tristan, 8.

It comes after Chris discovered he is genetically predisposed to Alzheimer’s, causing him to confront his ‘own mortality’ while filming the show.

After having bloodwork done for the program, he was informed he is ‘between eight and 10 times’ likelier to develop Alzheimer’s than the general population, because he is one of only two to three percent of people with two copies of the gene APOE4.

This picture is going viral on social media. It shows a man in a black and white 1940s photo appearing to be speaking on a cell phone.

What makes the photo puzzling is that cellphones weren’t invented until 1973 by Motorola but it didn’t go public where people can actually purchase it for use until 1983.

38-year-old Elizabeth Holmes, who was once described by Forbes as one of the richest Selfmade billionaires in America, has been sentenced to 11 years and three months in prison for fraud.

Despite being currently pregnant with her second child. A federal judge on Friday November 18, jailed theTheranos founder for defrauding investors in her now-defunct blood-testing startup that was once valued at $9 billion.

The founder of health technology company, Theranos, was at a point worth $4.5billion and hailed as a genius on the verge of changing the health sector.

She has since been exposed as a fraudster who deceived Silicon Valley investors, including media mogul, Rupert Murdock, into funding her start up with false promises.

Her company gained worldwide recognition in 2013 after she claimed she had invented a revolutionary blood testing kit that only required small amounts of blood and performed accurate results in as little as 20 minutes.

Turns out it was all lies and her company was a hoax used to swindle investors, according to prosecutors in her trial.

She was reported to the FBI by some investors after she failed to show what their money had been used for. After a thorough investigation, she was arrested for fraud.

Her attorneys had wanted her to get only 18 months in prison but prosecution said her arrogance and lack of acknowledgement of wrongdoing through out the trial deserved 15 years in prison.

Prosecutors said during the trial that Holmes misrepresented Theranos’ technology and finances, including by claiming that its miniaturized blood testing machine was able to run an array of tests from a few drops of blood.

The company secretly relied on conventional machines from other companies to run patients’ tests, prosecutors said. Holmes testified in her own defense, saying she believed her statements were accurate at the time.

She was convicted on four counts but acquitted on four other counts alleging she defrauded patients who paid for Theranos tests. Theranos Inc promised to revolutionize how patients receive diagnoses by replacing traditional labs with small machines envisioned for use in homes, drugstores and even on the battlefield.

The judge agreed and sentenced her to 11 years in prison and she was also asked to return $121million to investors. Before handing down the sentence, Davila called the case “troubling on so many levels,” questioning what motivated Holmes, a “brilliant” entrepreneur, to misrepresent her company to investors.

“This is a fraud case where an exciting venture went forward with great expectations only to be dashed by untruths, misrepresentations, plain hubris and lies,” the judge said.

Holmes, dressed in a dark blouse and black skirt, hugged her parents and her partner after the sentence was handed down.

Forbes dubbed Holmes the world’s youngest female self-made billionaire in 2014, when she was 30 and her stake in Theranos was worth $4.5 billion.

Theranos collapsed after a series of Wall Street Journal articles in 2015 questioned its technology. Actress Amanda Seyfried in September won an Emmy Award for portraying Holmes in the limited series “The Dropout.”