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Monday, November 25, 2024

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Economy

Fake Naira: Umueri PG alerts CBN on fake N200 scam, warns Okada riders not to aid crime

The President-General of Umueri community in Anambra State, Ambassador John Chukwudi Metchie, has alerted the Central Bank of Nigeria (CBN) and security agencies of...

Subsidy Palliative: FG to pay N5,000 to 10m households for 6 months – Finance Minister

The federal government will pay N5,000 to 10 million households for six months as palliative for removing petrol subsidy after June. Daily Trust reports that...

Nigeria debt hits N46.3 trn – DMO

The Debt Management Office (DMO) Thursday said the nation’s public debt rose by N6.69 trillion or 22.47 per cent to N46. 25 trillion ($103.11...

Crude oil, petroleum products will continue to be important in Africa – Sahara Group ED

Delivering a presentation during the 2023 edition of the ARDA Conference, Sahara Group Executive Director Wale Ajibade emphasized that in order to meet rising...

Naira swap directives: Anambra traders take painful decison, shut down markets

Following the contin­ued refusal of financial institutions to issue the new naira notes amid trading of the notes and now totally re­fusing to accept...

Naira redesign: How CBN changed Buhari’s original plan – El-Rufai

Kaduna State governor, Nasiru El-Rufai has claimed that the Central Bank of Nigeria dumped what was approved by President Muhammadu on the Naira redesign...

Naira Redesign: ‘Gains have emerged from policy initiative’ – Buhari

President Muhammadu Buhari has said that despite challenges faced by Nigerians, remarkable gains have emerged from the Naira redesign policy initiative' of his administration. Buhari...

Naira redesign: Buhari insists on policy, extends deadline for only old N200 notes

President Muhammadu Buhari has extended deadline for only old N200 notes to run concurrently with the new redesigned currency till April 10, 2023. The President...

Naira Crisis: Council of State okay FG’s new cash policy

The National Council of State has thrown weight behind Federal Government’s new monetary policy. The Council, however, tasked the Central Bank of Nigeria (CBN) to...

CBN warns banks against hoarding of new naira notes, rejection of old notes

Central Bank of Nigeria (CBN) has threatened severe sanctions against any bank hoarding the new currency notes and or rejecting the old naira notes...

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