Business
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CBN increases interest rate to 18%
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest…
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Nigeria’s inflation rate rises to 21.91%
Nigeria’s headline inflation rate rose to 21.91 percent in February 2023 compared to 21.82 percent of January 2023, indicating an…
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Kogi State Govt orders arrest, prosecution of persons, businesses rejecting old Naira notes
The Kogi State Government has said the old naira currency remains a legal tender, warning that residents found rejecting the…
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Nigeria revokes visa, work permit of Seplat Energy’s CEO over alleged racism
The Minister of Interior, Abuja has revoked the Work Permit, Visa and Residence Permit of the Chief Executive Officer (CEO)…
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Supreme Court naira judgment: I can’t advise on monetary policy- Malami
The Minister of Justice and Attorney-General of the Federation, Abubakar Malami, has said he cannot advise the Federal government on…
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APC demands immediate resignation of Malami, Emefiele after Supreme Court verdict
The ruling All Progressives Congress (APC) has demanded the immediate resignation of the Minister of Justice and Attorney General of…
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‘It wasn’t meant to cause hardship’- President Buhari apologizes over naira redesign policy
President Buhari has apologized to Nigerians over the naira redesign policy, saying that it was not introduced to cause hardship.…
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Supreme Court orders old N200, N500, N1,000 notes to remain in circulation till Dec 31
The Supreme Court has ruled that the old N200, N500, N1,000 notes remain valid and should be in circulation till…
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Banks receiving old N500, N1,000 notes again
Deposit Money Banks (DMBs) have started receiving old N500 and N1, 000 notes. A Vanguard correspondent went round banks in…
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CBN appoints Isa Abdulmumin as spokesman
The Central Bank of Nigeria (CBN) has appointed Dr Isa Abdulmumin as the Acting Director, Corporate Communications Department. Abdulmumin takes…
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EFCC intercepts N32.4m new Naira notes allegedly meant for vote-buying in Lagos
Operatives of the Economic and Financial Crimes Commission, EFCC, have intercepted N32.4m allegedly meant for vote-buying in Lagos State. EFCC…
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TAJBank opens another branch in Kano, assures customers of world-class service
Nigeria’s fastest growing non-interest banking products and services provider, TAJBank Limited, has opened a new branch in Kano in furtherance…
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Banks in Ogun State shut down over destruction of bank properties by rioters
All commercial banks in Ogun State have closed following the destruction of bank buildings by some hoodlums protesting the Naira…
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Trending video of Ogun State residents receiving old Naira notes in envelops with the state governor’s photo on it
A video of some residents of Ogun State receiving old N1000 notes in envelopes with the state governor’s photo on…
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Banks burnt as protest rocks Ogun state again over naira scarcity (video)
At least two commercial banks have been burnt after angry residents of Sagamu, Ogun State came out to protest the…
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