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Business
Naira redesign: CBN launches cash swap programme in ALL LGAs
The Central Bank of Nigeria (CBN) has launched a cash swap programme in…
CBN to fine banks N1m per day for not picking new naira notes
The Central Bank of Nigeria (CBN) says any commercial bank that…
Handle Naira with care, respect — CBN
The Central Bank of Nigeria (CBN) has called on Nigerians to handle the country’s currency with care, saying that it was a symbol of the nation’s identity and pride. The Abeokuta Branch Controller of…
Google parent company Alphabet to sack 12,000 workers
Google parent company Alphabet is set to cut six per cent of its global workforce, laying off a total of 12,000 workers, the New York Times reports. Alphabet is the latest tech corporation to lay off staff…
Sultan Of Sokoto Faults Nigeria’s Central Bank Over Naira Notes’ Redesign, Queries January 31…
The Sultan of Sokoto, Muhammadu Sa’ad Abubakar, has urged the Central Bank of Nigeria to reconsider the…
New Naira notes flood banks, ATMs
The Central Bank of Nigeria (CBN)’s plan of ensuring that Nigerians have access to its newly-redesigned naira notes via the ATMs is becoming a reality as many ATMs around Lagos Island now dispense the…
Naira Redesign: No going back on deadline -CBN
The CBN yesterday insisted there would be no going back on the January 31 deadline for phasing out the use of the old naira notes. Team Leader, CBN Monitoring Team Group C, Owugar Comfort Akinbode,…
FG Revokes 3,402 Mining Titles, Nets N14.59bn In 5yrs
The Director-General of the Nigeria Mining Cadastre Office (NMCO), Mr Obadiah Nkom, has said the agency revoked 3,402 mining titles between September 2021 and September 2022. He disclosed this on…
We’ve Been Begging Banks To Pick Up New Naira Notes , Says CBN
The Central Bank of Nigeria (CBN) says it has been begging commercial banks to pick up the new Naira notes. The apex bank had redesigned N200, N500, and N1000 notes, saying the old ones will cease…
Despite CBN’s Directive: Bank ATMs Still Dispensing Old Naira Notes
Despite a directive by the Central Bank of Nigeria (CBN) to banks to load their Automated Teller Machines (ATMs) with the redesigned naira notes, financial institutions in many states are still…
Bird statue goes for $100,000 as Elon Musk auctions Twitter Hqtr items
Twitter bird statue fetched $100,000 on Wednesday as the billionaire owner Elon Musk auctioned off furniture, decorations, kitchen equipment and more from the company’s headquarters in San Francisco, the United States. An online auction…
Chief Of Defence Staff, Irabor Begs DSS Boss To Delay Arrest Of Nigerian Central Bank Gov, Emefiele…
The Chief of Defence Staff, Gen Lucky Irabor is currently lobbying the…
Billionaire Abdul Samad Rabiu is now the fourth richest man in Africa
Abdul Samad Rabiu has claimed the title of Africa’s…
Usain Bolt Loses $12 Million In Financial Scam
Usain Bolt, Jamaica’s Olympic sprinting champion, lost…
How Investigation By DSS Linked Emefiele To Terrorism Financing, Economic Sabotage, Murder
Fresh information detailing the reason why the embattled Governor…
Twitter’s Laid Off Workers Asked To Drop Lawsuit Over Severance
Twitter Inc has secured a ruling allowing the social media company to force several laid-off workers suing over their termination to pursue their claims via individual arbitration than a class-action…
CBN urges banks to collect redesigned notes or face sanction
The Central Bank Governor, Mr Godwin Emefiele, has called on commercial banks to approach the apex bank branches across the country to pick up the new naira notes. Emefiele made the call when the apex…
Don’t pay charges for deposit of old naira notes – CBN
The Central Bank of Nigeria, CBN, on Wednesday warned…
Uneasy calm at CBN as officials grapple with integrity issues
Normalcy may be returning to the Central Bank…
Cash Withdrawal Limit: Banks Suspend Transactions Via Naira Credit, Prepaid Cards
In compliance with the Central Bank of Nigeria’s (CBN) currency redesign and cash withdrawal policy that limited withdrawals across all channels to N500,000 weekly, banks have suspended further cash…
CBN, FAAC at loggerheads over probe of federation revenue accounts
Federation Account Allocation Committee (FAAC) says the Central Bank of Nigeria (CBN) has disregarded its invitations to answer questions on revenues moved to the federation account between January…
Governors to engage CBN on naira redesign
Naira redesign, cash withdrawal policy and some of the policies recently introduced by the Central Bank of Nigeria (CBN) will form the planks of discussion at a meeting between the Nigeria Governors’…
OPEC: Nigeria Retains Position As Africa’s Top Crude Oil Producer
Nigeria retained the top spot in crude oil production in Africa for December 2022. According to the latest monthly oil market report by the Organisation of Petroleum Exporting Countries (OPEC) released…
New naira scarcity threatens ‘urgent 2k’
A lot of Nigerians, particularly the unemployed, dependants and the less privileged, who rely on handouts,…