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Business
Naira scarcity: Mob attack fear in banks
Uncertainties have clouded the operations of banks as fear over possible mob…
Pension under pressure from incessant exit demands
The recent agitation by the Nigeria Police and National Assembly (NASS)…
New Notes Scarcity: We Need Your Understanding – Emefiele Begs Nigerians
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has called for the understanding of Nigerians as the bank looks for a solution to the scarcity of the redesigned new notes even as Nigerians…
Currency Redesign: Lessons For Nigeria From Global Practices
On October 26, 2022, the Central Bank of Nigeria (CBN) announced plans to redesign and distribute new N200, N500 and N1000 bank notes to replace the existing ones. Speaking on the development,…
Twitter mulls $1k monthly fee for businesses to keep verified gold checkmarks – Report
Twitter is planning to charge businesses a monthly fee of $1,000 to keep their verified gold checkmarks, The Information is reporting. The report said firms that do not pay the fee will lose their badges.…
New Notes: CBN Gave False Information To Buhari – Presidential Aide
Ajuri Ngelale, Senior Special Assistant to the President on Public Affairs, has accused Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), of giving false information to President…
Kenya drops financial impropriety case against Flutterwave – Report
The Kenyan government has withdrawn charges of financial impropriety against…
New Naira shortage triggers increased digital banking
Amid the growing hardship that the…
Dispense New Naira Notes Or I Revoke Your Land – Zulum Warns Banks
Borno State Governor, Professor Babagana Zulum, has directed banks to dispense new naira notes via Automated Teller Machines (ATMs) and banking halls or risk losing their lands to the state government. Zulum…
Work with fintechs, mobile money agents to address cash scarcity – Osinbajo tells CBN
Vice-President Yemi Osinbajo has urged the Central Bank of Nigeria (CBN) to engage financial technology companies (fintechs) as well as mobile money agents to address the issue of getting new naira notes…
Be ready to queue to get naira notes – Emefiele tells Nigerians
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said Nigerians should be ready to queue to access the new naira notes at the banks and the ATMs. Emefiele, spoke at a news conference…
We Won’t Extend Feb 10 Deadline – Emefiele Warns Nigerians
The Central Bank of Nigeria (CBN) has said it is not considering deadline extension for the phasing out of the old Naira notes. Nigerians, including governors elected on the platform of the All…
A Governor Collected N500m New Notes From One Bank – El-Rufai
An unnamed governor got N500 million worth of new naira notes from a bank, according to Governor Nasir El-Rufai of Kaduna State. In an interview with BBC Hausa Service, El-Rufai said politicians who are targets of…
Arrest, Prosecute Those Selling Naira, IGP Orders Officers
The Inspector-General of Police, Usman Baba, has directed senior officers of the Force to deploy their men to the streets and arrest people selling and abusing naira. The IGP also directed that those arrested…
Nigerians Are Suffering Because Central Bank Mopped Up N2Trn, Only Printed N300Bn, APC Governors…
Governors elected under the umbrella of the All Progressive Congress (APC), have appealed to President Muhammadu Buhari to…
BREAKING: Buhari asks Nigerians to give him 7 days to resolve naira notes scarcity
President Muhammadu Buhari has asked Nigerians to give him seven days to resolve the crisis caused by the scarcity…
Naira Crisis: APC Govs Reject Feb 10 Deadline
Governors elected on the platform of the ruling All Progressives Congress (APC) have rejected the February 10 deadline set by the Central Bank of Nigeria (CBN) to end the legal tender status of…
Naira Swap: Pains Will Soon Be Over, Federal Govt Assures Nigerians
The Federal government has said the pains being experienced by Nigerians in their bid to swap the old naira for the re-designed ones is regrettable and transient but necessary for the growth of the nation’s…
Naira notes scarcity hurting Nigerians | The policy must be reviewed – Fashola
Babatunde Fashola, minister of works and housing, says the naira redesign policy of…
BREAKING: CBN directs banks to start paying new naira notes over the counter
The Central Bank of Nigeria (CBN) has directed…
Indian Billionaire, Gautam Adani Loses Asia’s Richest Person Position To Ambani After ‘Corporate…
The Indian billionaire, Gautam Adani has lost his position as Asia's richest…
Lekki Deep Seaport turns new bride as landlocked countries dump Cotonou, Togo
Following the recent completion and commissioning of the $1.5 billion Lekki deep seaport, some landlocked countries have indicated interest in moving their cargoes from Lekki in Lagos to other African…
New naira scarcity: Sokoto, Zamfara, Katsina border residents trade in CFA
Residents of border communities in states including Sokoto, Zamfara, Katsina, Adamawa and Kwara have opted for the CFA franc following the scarcity of the new naira notes across the country. The…
Former Crypto Billionaire, Sam Bankman-Fried, loses $14 billion in One Single Day
Former cryptocurrency billionaire,…