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...
Naira Notes Deadline: Commercial Banks Extend Workdays to Weekends
Commercial banks in Nigeria have extended their workdays to weekends for customers to deposit their old naira notes.
The action is in response to the deadline set for the collection of old naira notes by the Central...
As Deadline Approaches, PoS Operators Surcharge for Redesigned Notes
The Central Bank of Nigeria (CBN) has fixed January 31 as the deadline for the use of the old naira notes. However, there have been appeals from various quotas to the CBN to extend the deadline...
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...
CBN Launches Domestic Card to Boost E-Payment System
The Central Bank of Nigeria has launched the Nigerian National Domestic Card Scheme to boost the country's electronic payment system.
The CBN Governor, Godwin Emefiele, said the card would help to reduce operating cost, charges and preserve foreign...
FG Earmarks N21bn To Modernise Railway Operations
The Federal Government has earmarked the sum of N21.09bn for railway modernisation, rehabilitation and maintenance of ongoing railway projects nationwide.
An analysis of the 2023 Appropriation Act by our correspondent showed that the railway modernisation project under the line...
