Rahma Oladosu

Inflation Soars To 21.82% Amid Naira Redesign

Inflation Soars To 21.82% Amid Naira Redesign   Nigeria’s inflation soared to 21.82 per cent in January 2023, according to the National Bureau of Statistics. This is amid a redesign of the naira by the Central Bank of Nigeria. January’s inflation rate...

Naira Redesign: Supreme Court Insists Old Naira Notes Still Legal Tender

Naira Redesign: Supreme Court Insists Old Naira Notes Still Legal Tender   The Supreme Court has said that the old N200, N500, and N1000 are still legal tender, insisting that its February 8 order barring the Federal Government and its agencies...

Nigeria’s Oil Production Rises By 1.9% To 1.258 mb/d — OPEC

Nigeria’s Oil Production Rises By 1.9% To 1.258 mb/d — OPEC   Nigeria’s oil production has risen month-on-month, MoM, by 1.9 per cent to 1.258 million barrels per day, mb/d, in January 2023, from 1.235 mb/d recorded in December 2022. The...

Banks’ Commission From Customers Increase By 14% To N219.77bn

Banks’ Commission From Customers Increase By 14% To N219.77bn   Amid severe competition from Fintech companies, six banks operating in Nigeria generated a sum of N219.77billion fees and commission for the year ended December 31, 2022 representing an increase of 14...

BoI, French Agency Sign €2.5m Grant Deal

BoI, French Agency Sign €2.5m Grant Deal   The Bank of Industry (BoI) and the French Development Agency have signed a grant agreement for €2.5m delegated by the Green Climate Fund to fight climate change in Nigeria. A statement said though the...

How To Report PoS Agents Selling New Naira Notes – CBN

How To Report PoS Agents Selling New Naira Notes – CBN   The Central Bank of Nigeria (CBN) has released emergency telephone numbers to the public to officially report erring Point of Sales (PoS) agents selling new naira notes and those...
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