Business
CBN Governor Emefiele meets with CEO’s of 15 banks to ease cash crunch
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that he has met with 15 heads of commercial banks to...
Buhari, in a broadcast, carpets bank officials over Naira scarcity, returns only N200 note into circulation
President Muhammadu Buhari on Thursday directed the Central Bank Of Nigeria (CBN) that only the old N200 naira notes should be released into...
Currency crisis: Pres.Buhari mulls extension of old Naira notes validity for 60 days
Barring last minute change, President Muhammadu Buhari may any time from now overrule the Central Bank Gov. Godwin Emefiele and extend the circulation...
FEC approves cargo tracking scheme for ports nationwide
The Federal Executive Council on Wednesday, approved the installation of Electronic Cargo Tracking Notes for in ports nationwide. The Minister of Transportation, Mu’azu...
Nigeria’s inflation shoots up to 21.82 per cent
The National Bureau of Statistics (NBS) disclosed today that Nigeria inflation has soared up to 21.82 per cent as at January 2023 compared...
Fidelity Bank names Pamela Shodipo Executive Director
Fidelity Bank Plc has announced the appointment of Pamela Shodipo as the Executive Director, South Directorate of the financial institution. The company’s Secretary,...
Pres. Buhari, CBN governor get court orders not to extend Feb. 10 deadline for Naira swap
President Muhammadu Buhari, the Central Bank of Nigeria (CBN) and the nation’s 27 commercial banks have been ordered not to extend the February...
CBN-imposed cash crunch compounds, frustrates petrol purchases across Nigeria, hurts economy
For several weeks unendingly, scarcity of the new naira notes and or inadequate injection into circulation by Nigeria’s Central bank has continued to...
ICPC busts FCMB officials flouting CBN directives on new notes in Osun
The Independent Corrupt Practices and other Related Offences Commission (ICPC), Osun State Compliance Team, has busted some FCMB officials for allegedly sabotaging the...
Dangote, Sinoma sign agreement for new cement plant in Itori, the third in Ogun
In 27 months another cement plant will be established in Itori, Ogun State courtesy Dangote Industries Ltd as it has signed an agreement...
Pres. Buhari directs termination of Addax contract with NNPC, assets taken over
Backed by the Presidency, the Nigerian National Petroleum Company Ltd says it has terminated the Production Sharing Contract (PSC) with Addax Petroleum Ltd...
NNPC Ltd, Addax Ltd terminate 24-year production sharing contract relationship, assets transferred to NNPC
Three months after the execution of the Addax Transfer, Settlement, and Exit Agreement (ATSEA) for the PSC Oil blocks, OMLs 123/124 & 126/137,...
Emefiele honours House of Rep invite, appears before Committee on new Naira notes
After several invitations, the Central Bank Governor, Mr Godwin Emefiele on Tuesday appeared before the Ad-hoc Committee of the House of Representatives investigating...
Old Naira notes: Buhari, CBN back down on Jan. 31 deadline, extend it till Feb.10
The nation’s Apex Bank, the Central Bank, has extended the deadline for the mopping up of old Naira notes from circulation earlier scheduled...
CBN increases MPR from 16.5 to 17.5 percent
The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has increased the Monetary Policy Rate (MPR) from 16.5 percent to 17.5 percent....
Old notes: Senate urges CBN to extend January 31st deadline by six months, Ebonyi Senator Egwu disagrees
One week to the deadline, the Senate has urged the Central Bank to extend the January 31st deadline for the deposit of old...
