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FG awards N85bn census deal to tech firm
The Federal Government through the National Population Commission has signed N85bn deal with Zinox, for the supply of tech components and other accessories for the 2023 national census project.…
CBN top officials meet Monday over naira crisis
Members of the management team of the Central Bank of Nigeria are to meet on Monday to review the crisis that the naira redesign programme has generated and come up with solutions to the acute…
Naira redesign policy to reduce unbanked population, tackle insecurity – CBN
The Central Bank of Nigeria (CBN) says the naira redesign policy is to promote financial inclusion and aid security agencies’ efforts in tackling insecurity. Speaking on Saturday at the 44th Kaduna international…
We’ve made adequate arrangement to continuously produce new notes – The MINT
The Nigerian Security Printing and Minting Plc (NSPM) says it has made adequate arrangements to ensure continuous production of the redesigned naira notes. There have been concerns over the scarcity of…
We have capacity, enough materials to print required new naira notes – CBN
The Central Bank of Nigeria (CBN) says the scarcity of naira notes is not due to a shortage of printing materials at the Nigerian Security Printing and Minting Company (NSPMC). Godwin Emefiele, CBN…
Panic, confusion as traders, petrol stations reject old naira notes
Nigerians have urged the federal government to, as a matter of urgency, address the nation in a nationwide national broadcast on the suspension of the deadline for the old naira note swap. On Saturday, residents…
New note crisis: CBN may print naira abroad to ease cash crunch
The Central Bank of Nigeria may bow to mounting pressure and contract the printing of the redesigned N1,000, N500 and N200 notes to foreign contractors in the coming days in order to boost the…
Buhari signs first business facilitation bill into law
President Muhammadu Buhari has signed the…
We Don’t Have Capacity To Print New Notes – Emefiele
Amidst the cash crisis bedevilling the country and the expectations of Nigerians that President Muhammadu Buhari would resolve the matter in seven days as promised, the governor of the Central…
BREAKING: Council of state asks CBN to print more naira notes — or recirculate old notes
Members of the council of state have expressed support for the naira redesign policy of the Central Bank of Nigeria (CBN). The council however asked Godwin Emefiele, the CBN governor, to make new naira notes…
Adidas may lose $1.3bn to unsold Yeezy stock
Adidas is at risk of losing around 1.2 billion euros ($1.3 billion) in revenue in 2023 if they are unable to sell existing Yeezy stock. The German sportswear company said it was assessing what to do with the…
Kano govt sues FG over naira redesign policy
The Kano State Government on Thursday evening filed a suit against the Federal Government at the Supreme Court in respect of the naira redesign policy of the Central Bank of Nigeria. In suit number:…
CBN Blames Hoarding For New Naira Scarcity
The Central Bank of Nigeria (CBN) says it allocates new naira notes to banks on a daily basis. CBN Director, Consumer Protection, Mrs Rashidat Monguno, said this in Offa, Kwara State, on Thursday,…
Over 100 million SIMs produced locally, says NCC
The Nigeria Communications Commission (NCC) says over 100 million Subscribers’ Identity Module (SIM) has been produced locally within a year of the first Nigeria Telecommunications Indigenous Content…
Akeredolu drags FG to Supreme Court over cash withdrawal limits
Governor Rotimi Akeredou has sued the federal government over the limitation on daily cash withdrawals from banks, a policy introduced by the Central Bank of Nigeria (CBN). The limitation of daily cash at…
Naira re-design: Kaduna beggars in brisk business, attain ‘informal PoS operators’ status
Destitute in Kaduna who rely on begging for survival say…
Old Banknotes: Confusion As Banks Insist On Today’s Deadline
Though the Supreme Court temporarily restrained the Central Bank of Nigeria from banning the use of the old naira notes from February 10, 2023, there were indications, yesterday, that deposit money…
Netflix Clamps Down On Password Sharing In Four More Countries
Netflix (NFLX) has extended its crackdown on password sharing to Canada, New Zealand, Portugal and Spain. Users in these countries will now have to pay to give people they don’t live with access to their…
Malami Says FG Will Obey Supreme Court Order On Old Naira Notes
Nigerians may now heave a sigh of…
Soldiers pull rank, shunt queue to cash naira
At 10:20 am on Thursday, over 55 people queued at a Keystone Bank…
Google’s AI bot mistake wipes $100bn off shares
Google is searching for ways to reassure people that it is still out in front in the race for the best artificial intelligence technology. And so far, the internet giant seems to be coming up with the wrong…
Naira redesign: Why CBN must obey Supreme Court order – Falana
We have just read a report that the Authorities of the Central Bank of Nigeria have decided not to comply with the ex parte…
MTN raises dividend by N76bn
MTN Nigerian Communication Plc has raised its dividends payment by N75bn from N212bn in 2021 to N288bn in 2022 full year, the regulatory financial filings of the company have shown. According to the…
Zenith Bank resumes skeletal services in branches earlier shut
Zenith Bank has commenced skeletal services in some of its branches shut down on Tuesday in the Federal Capital Territory (FCT) and environs. The News Agency of Nigeria (NAN) correspondent, who monitored…