Cash Crunch: CBN Gives Fresh Order to Banks Over Old N500, N1,000 Notes
The Central Bank of Nigeria (CBN) has directed commercial banks to start collecting the old N500 and N1,000 notes from the public with immediate effect.
It was also learned that the CBN however...
We Now Spend Above N400bn Monthly on Subsidy - NNPCL
The Nigerian National Petroleum Company Limited, on Friday, revealed that the amount spent as subsidy on Premium Motor Spirit, popularly called petrol, had crossed N400bn monthly.
NNPCL’s Group Chief Executive Officer, Mele Kyari, disclosed this at...
Fighting Erupts in Lagos Due to Naira Scarcity
Fighting erupted in some areas on the popular Lagos-Ikorodu expressway in Lagos State over the scarcity of the new naira notes and the hardship the policy has thrown Nigerians.
On Friday morning, it was gathered that suspected louts...
Old Notes Remain Legal Tender in Jigawa, Kaduna - Govt
The Jigawa State Government has said the old naira notes remain legal tender in the state pending the judgment of the Supreme Court.
In the same vein, the Kaduna State Governor, Malam Nasir El-Rufai, in a...
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 is a 0.48 per cent...
FG Raises N724.9bn Bond Auction in February - DMO
The Debt Management Office says it has raised N724.9 billion Federal Government bond auction in February 2023, stating that it was a 100% increase compared to the previous year.
The auction, which was held on February 13, 2023,...
