Business

President Muhammadu Buhari is considering extending the validity of old naira notes by 60 days, TheCable understands. This is to avoid disobeying the order of the Supreme Court of Nigeria which ruled that…

Tesla chief executive Elon Musk says he donated around $1.95bn (£1.6bn) worth of shares in his electric carmaker to charity last year. The donation of 11.6 million shares was described in a…

A Senior Advocate of Nigeria, Abdulhakeem Mustapha, representing Kaduna State at the ongoing currency policy suit filed against the Federal Government at the Supreme Court by Kaduna, Kogi and Zamfara states…

The Supreme Court has adjourned the suit filed by governors to challenge the naira redesign policy of the Central Bank of Nigeria (CBN) to Wednesday, February 22. The CBN had originally fixed January 31 as…

The Presidency has said President Muhammadu Buhari will speak on the controversies over the withdrawal of old naira notes after the hearing of the suit filed by some governors stopping the Central Bank of…

The Central Bank of…

The Supreme Court of Nigeria will today resume hearing in the suit brought…

Ogun State governor, Dapo Abiodun, has warned that the State government will shut down any commercial bank rejecting old naira notes.  This followed reports of rejection of old naira notes as…

The Civil Society Organisations Central Coordinating Council (CSOCCC), a…

ByteDance, the Chinese parent company of TikTok, has continued to up its lobbying effort spending more than $13 million. TikTok, the widely popular video app, is now the fourth largest internet company spending on federal lobbying. As…

The Zamfara government has threatened to revoke the land ownership of banks hoarding the new N200, N500 and N1,000 banknotes. This is according to a statement on Tuesday by Governor Bello Matawalle’s…

Kano State Government has warned that it will not hesitate to…

The Central Bank of Nigeria (CBN) has released guidelines to deposit old versions of the redesigned naira notes at its branches nationwide. The apex bank announced on Tuesday amongst other things that the…

The Central Bank of Nigeria CBN has maintained that the February 17 deadline…

Three months after a major turnaround maintenance (TAM) of the facility was completed ahead of schedule, Nigeria’s first deep-water exploration and production vessel, Bonga, has hit a one-billion-barrel oil export.…

Deposit Money Banks (DMBs) across the country yesterday started rejecting the old naira notes despite the Supreme Court order extending the deadline till tomorrow, February 15 when an action would…

There was drama on Monday at the High Courts in Lagos State as lawyers and litigants could not file their court processes…

The Central Bank of Nigeria has insisted old N200, N500 and N1,000 notes are no longer legal tender despite a Supreme Court order barring the apex bank from implementing the February 10 expiration date for the…

Agusto & Co, Pan-African credit rating agency,…

The Bank Directors Association of Nigeria (BDAN) has said it is working to address some of the challenges caused by…

Amidst the scarcity of both new and old naira notes in the country, residents of rural communities have adopted the ancient trade by barter to survive, Daily Trust reports. Petty traders of perishable…

The Nigeria Governors’ Forum (NGF) says the country is at risk of recession which will be the result of the naira exchange policy of the Central Bank of Nigeria (CBN). The position of the governors was…

The African tech space has seen a significant rise in artificial intelligence in recent years.    This has brought about a new wave of innovation and technological advancements, which have…

Two brothers of Femi Otedola, the majority…