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Trapped Funds: ‘CBN can’t print dollars’ – Emefiele chides foreign airlines
CBN, Governor, Godwin Emefiele, cautioned the foreign airlines against blackmailing the country, stressing that the apex bank doesn’t and cannot print dollars. Speaking during a meeting between…
‘I didn’t do it for money’ — Elon Musk explains why he acquired Twitter
Elon Musk, the billionaire founder of Tesla Inc, has…
Trapped foreign airlines’ fund rises 51% to $700m
No respite seems to be coming the way of foreign airlines in Nigeria over their funds trapped in the country’s foreign exchange difficulties. Vanguard Aviation World gathered that despite the…
$1.5b Lekki Deep Sea Port ready for test run
Lekki Deep Sea Port, Nigeria’s deepest seaport…
Nigeria signs MoU with Daewoo for rehabilitation of Kaduna refinery
The Nigerian National Petroleum…
‘Money supply, naira value’ – How CBN’s naira redesign will affect Nigeria’s economy
The Central Bank of Nigeria (CBN), on Wednesday, announced that it redesigned some new naira notes. Speaking on the development, Godwin Emefiele, CBN governor, said the circulation of the new…
Concerned Northern Forum kicks against redesigning of naira notes
Concerned Northern Forum has called for the suspension of redesigning of the N200, N500, and N1000 notes, saying the measure would be detrimental to the nation’s economy. The group’s spokesman, Mr.…
Elon Musk Plans To Close Twitter Deal By Friday – Report
Elon Musk has notified co-investors who…
Sowore Tackles CBN Governor Emefiele Over New Naira Notes, Demands Removal
The African Action Congress presidential candidate Omoyele…
Court Restrains Kogi Govt From Shutting Down Dangote Cement
The Federal High Court sitting in Abuja, on…
Decision to redesign naira positive for economy – Experts
Some financial experts have commended the Central Bank of Nigeria (CBN) for its decision to redesign the naira, saying that it would have positive effect on the economy. The experts spoke in…
EFCC Hails CBN, Moves to Clampdown on Currency Hoarders
The Economic and Financial Crimes Commission, EFCC, has…
BREAKING: CBN Redesigns Three Naira Notes
The Central Bank of Nigeria Governor, Godwin Emefiele has said the apex bank will redesign three naira notes. He said the bank had obtained approval from President Mohammadu Buhari to…
Court orders banks not to release funds to Chinmark Group over alleged N20 billion scam
On Tuesday, Justice Kudirat Jose of the Lagos State High Court in Osborne ordered commercial banks in Nigeria not to release funds to Chinmark Group and three others. The judge gave the…
CBN issues exposure draft on guidelines for contactless payments in Nigeria
The Central Bank of Nigeria (CBN) has published an exposure draft for its guidelines for contactless payment providers in Nigeria. The apex bank disclosed this in a circular titled …
Kanye West ‘No Longer a Billionaire’ as Net Worth Drops to $400M After Adidas Deal Termination,…
The artist formerly known as Kanye West is “no longer a billionaire,” per…