Monetary

Challanges Faced With Redesign Naira Notes – Emefiele

Challanges Faced With Redesign Naira Notes - Emefiele Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Friday blamed the unpleasant situation created by the Naira swap on the limited capacity to print enough new Naira notes. Emefiele said this factor led to...

FG Disburses N16.8bn Cash Grants To Over Two Million Vulnerable Nigerians

FG Disburses N16.8bn Cash Grants To Over Two Million Vulnerable Nigerians   The Federal Government has disbursed over N16.8bn as grants and Conditional Cash Transfers to more than two million Nigerians since the commencement of the CCT programme in 2016. Data obtained from the latest ministerial performance...

Reps Disrupt Emergency Session Over New Naira Scarcity

Reps Disrupt Emergency Session Over New Naira Scarcity The Speaker of the House of Representatives, Femi Gbajabiamila, has said the federal parliament will have no option but to reconvene before the presidential and National Assembly elections on February 25 if the Central Bank of Nigeria...

Contributory Pension Assets Rise To N14.9trn

Contributory Pension Assets Rise To N14.9trn   The total assets under the Contributory Pension Scheme rose by N1.56tn in 2022, according to figures obtained from the National Pension Commission (PenCom). PenCom disclosed in its latest ‘Report on pension industry portfolio for the period ended 31 December 2022’...

FG Says Nigeria Lost N3trn During 2022 Flood

FG Says Nigeria Lost N3trn During 2022 Flood   Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouk, has disclosed that the total direct economic damage of the 2022 flooding, based on currently reported statistics as of November 25 was in the...

Extend Deadline of Old Notes Till February, Islamic Group Tells FG

Extend Deadline of Old Notes Till February, Islamic Group Tells FG An Islamic group, Muslim Rights Concern, MURIC, has appealed to the Federal Government to extend the deadline by at least two weeks. Barrister Muhammad Mansur Aliyu, the Chairman of MURIC, Sokoto State chapter, made the...