Naira Redesign: CBN Launches Countdown Clock The Central Bank of Nigeria has launched a countdown clock on its website for the January 31, 2023 deadline for the N200, N500, and N1,000 notes currently in circulation. The apex bank had announced a Naira redesign policy to produce...

Naira Redesign: CBN Directs Banks To Work On Saturdays The Central Bank of Nigeria (CBN) has instructed commercial banks to work on Saturdays to enable customers to return old naira notes in exchange for new ones. The apex bank had announced plans to redesign the N200,...

NBS Report Says 133 million Nigerians are Poor The National Bureau of Statistics latest data has indicated that 133 million Nigerians are multidimensionally poor. In its latest National Multidimensional Poverty Index Report launched on Thursday, the NBS said that 63 per cent of Nigerians are poor...

FG to Disburse $1bn World Bank Grant to States The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has disclosed that $1 billion will soon be distributed to states as part the last tranche of the $1.5 billion grants under the World Bank...

Reps Begin Probe Of N6.5bn Unrecovered Revenue   The House of Representatives on Tuesday commenced investigation into activities of the Board Management of Lagos International Trade Complex (LITC) over unrecovered revenue worth N6.5 billion. The resolution was passed during an investigative hearing held at the instance of...

Report Reveals 7000 firms, MDAs Owe FG N5.2trn   Eleven ministries, departments and agencies of the government as well as over 7000 corporate and private entities currently owe the Federal Government the sum of N5.2tn, a new report by the Federal Ministry of Finance has shown. Details...