BREAKING: CBN Increases Interest Rate to 18 Percent, Says Nigeria Banks Healthy   The Monetary policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased Monetary Policy Rate (MPR) which measures interest rate to 18 percent from the previous 17.5 percent adopted in January.   This...

Cash Crunch: E-bills Payment Falls by 44% Amidst Cashless Policy – NIBSS The Nigeria Inter-Bank Settlement System recent report has indicated a fall in the value of electronic utility payments by 44.86 per cent in February despite the Central Bank of Nigeria’s naira redesign policy...

PRNigeria Fact-Check Reveals Identity of Abia Assembly's Member-Elect, Anthony Abiola A newly-elected lawmaker in the Abia State House of Assembly, Hon. Anthony Chinasa-Abiola, is not of the Yoruba ethnic stock, a PRNigeria fact-check says. (https://prnigeria.com/2023/03/19/yoruba-win-election-abia/) But social media platforms and some blogs earlier were awash with...

Buhari's Reign: FG Rakes In N10trn VAT in 8 Years – NBS The Federal Government has raked in N10.1tn from the collection of Value Added Tax under the regime of the President Muhammadu Buhari. This comes against the backdrop of the advice by the Minister of...

Naira, Fuel Scarcity: 24.8m Nigerians Projected to Face Hardship- Report No fewer than 28.4 million Nigerians in 26 states and the Federal Capital Territory, including 18,000 Internally Displaced Persons, are projected to face severe crisis between June and August this year due to the scarcity...

New Notes Dry up as Old Cash Circulation Improves Currency circulation has improved in major cities across Nigeria following the third day full implementation of the Supreme Court ruling on the legal tender status of old Naira banknote. Findings reveal that banks have started simultaneous dispensing...