Business
IMF Says Nigeria’s Inflation Index Outdated
The International Monetary Fund (IMF) says the weight used by the National Bureau of Statistics (NBS) to calculate…
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Business
New Naira Notes: Our Gains, Challenges By PoS Operators
Some Point of Sales (PoS) operators have said the designing of naira notes has boosted their…
Business
CBN Insists On February 10 Deadline For Old Naira Notes
Godwin Emefiele, the Governor of the Central Bank of Nigeria, stated on Tuesday during a meeting…
Business
Security Forces Disrupt Protests Against Shortage of Resources in Ibadan, Oyo State
On Monday, security forces prevented a demonstration in Ibadan, the capital of Oyo State, protesting the…
Business
IG Launches Crackdown on Illegal Naira Note Sales
The Inspector-General of Police (I-G), Mr Usman Baba, has mandated strict adherence to the CBN Act,…
Business
Elon Musk’s Starlink Begins Operations In Nigeria
Starlink, a satellite internet service owned by Elon Musk says it has commenced operations in Nigeria.…
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Business
Let’s Use Old, New Notes For 6 Months — Reps
The House of Representatives yesterday asked the Central Bank of Nigeria, CBN, to extend the deadline for use…
Business
Confusion As New Naira Note Shortage Takes Toll On Nigerians
As the January 31 deadline to phase out old naira notes inches closer, the new banknotes’ shortage across…
Business
Jumia To Stop Accepting Old Naira Notes From January 30
Jumia, the leading pan-African e-commerce platform, has announced that it will no longer be accepting the old naira…
Business
CBN Unveils National Card Scheme To Eliminate Dollar Charges On Domestic Transactions
The Central Bank of Nigeria (CBN) has launched the Nigerian national domestic card scheme in order to strengthen…
Business
CBN Increases Interest Rate To 17.5%, Insists On Jan 31 Deadline For Old Naira Notes
The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), interest rate, from 16.5 per…
Business
ATMs Still Dispensing Old Naira Notes Despite CBN’s Directive
Despite a directive by the Central Bank of Nigeria (CBN) to banks to load their Automated Teller Machines…
Business
Three Richest Persons In Nigeria Wealthier Than 83m Nigerians – REPORT
Oxfam, an international confederation against poverty says the three richest men in Nigeria have more wealth than 83…
Business
Double Celebration: Shade Okoya Celebrates Daughter’s Birthday, Husband At 83rd
The wife of billionaire Razaq Okoya, Shade Okoya is celebrating the birthday of her husband and daughter today,…
Business
GTBank Faces £7.7m fine in UK For Money Laundering Control Failures
The UK Financial Conduct Authority (FCA) has penalized Guaranty Trust Bank (GTB) UK, a unit of the lender,…