Old Naira Notes to Circulate Indefinitely The Central Bank of Nigeria (CBN) says Nigerians should disregard claims that the old naira notes will cease to be legal tender on December 31, 2024. In a statement on X on Thursday, Sidi Ali Hakama, acting director, corporate communications,...

Pantami Advocates for AI in Conflict Resolution and Peace-Building Artificial Intelligence (AI) has the potential to play a transformative role in conflict resolution and peace-building initiatives, according to Professor Ali Isa Pantami, a leading authority on digital technology and former Minister of Communication and Digital...

FG Confirms Plan to Raise VAT on 'Luxury Goods' by 2.5% The Federal Government has confirmed plans to raise the Value Added Tax (VAT) rate. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this while speaking at an investor meeting during the...

Foreign Reserves Hit $40.2bn in October – CBN The Central Bank governor, Olayemi Cardoso, says Nigeria’s foreign reserves hit $40.2 billion in October 2024 from $38.4 billion reported in September. This was disclosed during an investors’ meeting in Washington DC, the United States, on Wednesday. Also at...

FG Issues Two Months Ultimatum on Ground Rent or Risk Withdrawal  The Minister of Housing and Urban Development, Arc. Ahmed Dangiwa, has told federal Certificate of Occupancy (C/O) title owners to pay their ground rent in the next two months or have their titles revoked. The...

Nigerians Spend N312.27bn on Cooking Gas - NBS A survey by the National Bureau of Statistics revealed that Nigerians in nine states spend a total of N312.27bn on Liquefied Petroleum Gas, also known as cooking gas. The 2024 Nigeria Residential Energy Demand-Side Survey report highlights the...