Emefiele bows to pressure, extends naira swap deadline to February 10
Central Bank of Nigeria governor, Godwin Emefiele after meeting with President Muhammad Buhari Sunday morning in Abuja, agreed to shift…
We don’t have enough new naira notes, Banks cry out
Commercial Banks in Nigeria have countered the Central Bank of Nigeria (CBN) over claims that they have enough new naira…
CBN hikes lending rate
Nigeria’s central bank on Tuesday raised its benchmark lending rate by 100 basis points (bps) to 17.5% (NGCBIR=ECI), as monetary…
CBN insists on January 31 deadline for old naira notes
The Central Bank of Nigeria said Tuesday there would be no shifting of the January 31 deadline for the old…
New notes deadline: House of Reps urge CBN to give Nigerians six months
As Nigerians scramble to have the redesigned naira notes in their hands with the January 31 deadline fast approaching, the…
CBN makes U-turn withdrawal limits, It’s now N500, 000 per week
The Central Bank of Nigeria (CBN) has announced an upward review of cash withdrawal limits to N500, 000 and N5…
Nigerians mock Emefiele’s new notes
Six days after the new naira notes went into circulation, some traders still find it hard to accept it as…
Who sold $2.4b worth of Bonny Light? Lawmakers launch investigations
The House of Representatives Tuesday launched an investigation into a whistleblower who claimed that 48 million barrels of Oil worth…
Twitter users want Elon Musk out
Millions of Twitter users asked Elon Musk to step down as head of Twitter in a poll the billionaire created…
CBN’s 100K a week policy will kill our business, POS operators cry out
Mobile Money and Bank Agents of Nigeria, an umbrella body for money vendors such as Point of Sale (PoS) and…
UK wants Nigerian teachers to apply for jobs
The United Kingdom Teaching Regulation Agency has listed Nigeria as one of the African countries whose citizens can apply for…
Task Force crushes 432 Okadas
The Federal Capital Territory taskforce and joint enforcement team, on Thursday confiscated and crushed 432 commercial motorcycles, popularly known as…
Senate set to debate N100, 000 a week withdrawal
Central Bank of Nigeria’s proposed cashless policy is up for debate next week in the Senate as public concern continues…
NNPC signs gas pipeline deal with Ghana, Gambia, others
Nigerian National Petroleum Company Limited (NNPC) has signed several memorandum of Association (MoU) with its counterparts from Ghana, Gambia, Guinea,…
Oil prices rise after G7 decision on Russia
Oil prices have risen after major producers agreed to continue to cut output and the G7 and its allies said…