The Commissioning of the Dangote Petroleum Refinery and Petrochemicals in Lagos State, is the buzzing news of the day, however, many Nigerian still wonder why this venture is termed a ‘Game Changer’ for Nigeria and Africa as a whole. No, the answer is not just in the fact it is the World’s Largest Single-Train 650,000…
The National Economic Council (NEC), presided over by Vice-President Yemi Osinbajo, has agreed that the removal of petrol subsidy should be suspended temporarily. NEC, however, said all of the preparatory works should continue in consultation with the states and other key stakeholders, including representatives of the incoming administration. The resolution comes just two months to…
The E-Naira concept introduced by the Central Bank of Nigeria is not only meant to ensure effective cashless transactions but it is also a way of earning income by Nigerians. 5 MAJOR BENEFITS OF E-NAIRA FOR NIGERIANS: PRODUCT:E-Naira is a Central Bank Digital Currency (CBDC) like fiat naira with same value but comes with more…
In a move to ease the ongoing cash crunch being experienced by Nigerians, the Central Bank of Nigeria (CBN) has directed all commercial banks to open for operation on Saturdays and Sundays. This the CBN said is part of a coordinated effort to ease circulation of Naira of all denominations. The Acting Director, Corporate Communications…
The supreme court has adjourned judgement on the old naira notes case before it. It says it will deliver judgment in the suit challenging the naira redesign policy of the Central Bank of Nigeria (CBN) on March 3. The seven-member panel of the apex court communicated the decision on Wednesday.
There has surface video, documents where the Central Bank of Nigeria earlier directs the commercial banks to start accepting the old N500 and N1,000 notes from the people. With the directives from the CBN, commercial banks have started issuing notices of acceptance of the old notes to the tune of N500,000 below to their customers….
There is confusion as the Central Bank of Nigeria (CBN) refuted news report quoting a source in the bank as saying that the apex bank has ordered commercial banks to start accepting the old N500 and N1,000 banknotes. The central Bank in a statement on Friday evening while debunking the news said it was fake…
The Supreme Court has said its February 8 order barring the Federal Government and its agencies from enforcing the February 10 deadline for the use of old 200, 500 and 1000 naira notes still subsist. The court made the clarification on Wednesday following complaint by lawyer to Kaduna, Kogi and Zamfara states, Abdulhakeem Mustapha (SAN)…
… Directs Banks to load lower denominations into ATMs As the nation prepares to begin using the newly redesigned naira notes, the Central Bank Of Nigeria (CBN) has set new withdrawal limits on individuals and organisations, which takes effect from January 9, 2023. This was contained in a new memo issued to banks on Tuesday…
The Federal Capital Development Authority (FCDA) has retrieved about 700 stolen manholes and gully covers from court through the intervention of the Attorney General of the Federation (AGF). The Executive Secretary of FCDA, Alhaji Shehu Ahmad, said this on Thursday in Abuja, when he briefed newsmen on efforts of the authority to protect critical national…
