Business
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...
Premier Hotel, Ibadan, shut down for two years, to transform to world-class 5-star facility
In a bid to remodel and revamp it to a five-star hotel, Premier Hotel on the top of Mokola hills in the ancient...
NFIU to governors: No going back on cash withdrawal limit
The Nigerian Financial Intelligence Unit (NFIU) says it is committed to the enforcement of cash withdrawals from all government accounts. It said it...
FG’s tax credit policy: NNPCL gets FEC’s nod to invest N1.9trn to reconstruct 44 roads
The Federal Executive Council chaired by Vice-President Yemi Osinbajo (SAN) on Wednesday approved the reconstruction of 44 federal roads across the country by...
Tony Elumelu Foundation appoints Somachi Chris-Asoluka as CEO
The Board of Trustees of the Tony Elumelu Foundation, the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced...
Elon Musk poll ends as Twitter users want him out as CEO
Twitter users across the globe voted in favour of Elon Musk stepping down as the company’s chief executive, in a poll he masterminded on...
Bernard Arnault passes Elon Musk to become world’s richest person
Elon Musk has lost his crown as the world’s richest man amid a broad collapse in Tesla’s value and as he wades deeper...
Naira redesign: CBN pegs weekly cash withdrawals to N100k, N500k for individuals, companies
With immediate effect, Nigeria’s Central Bank (CBN) has pegged the over-the-counter cash withdrawals by individuals and corporate entities at N100, 000 and N500,...
Eight months after, NRC resumes Abuja-Kaduna train services amid loss of N1.4bn
The Nigerian Railway Corporation (NRC) on Monday resumed shuttle services on the Kaduna-Abuja route after about eight months it suspended operations. Persecondnews correspondent,...
CBN increases interest rate to 16.5 % to tame inflation.
The Monetary Policy Committee of the Apex bank voted on Tuesday to increase the benchmark interest rate by 100 basis point to 16.5...
Breaking: Naira rebounds, exchanges at N445.38 to dollar
After several months of being on a downward trend, Nigeria’s currency — the Naira — on Monday appreciated against the dollar at the...
Nigeria’s UTM Offshore Ltd, three foreign technical partners sign multi-billion dollar agreement for first floating LNG facility
Nigeria’s energy transition programme received a boost on Wednesday with UTM Offshore Limited, an indigenous firm, signing an agreement with three foreign technical...
CBN-sponsored N65bn refurbished Lagos National Theatre Complex ready to host UN World Tourism Organisation Conference Nov. 14
The first phase of the rehabilitation of the National Theatre, Lagos, constructed for the hosting of FESTAC 1977 and sponsored by the Central...
