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Amid the cash crunch which has sparked chaos across Nigeria, President Muhammadu Buhari on Thursday approved the extension of the deadline for the use of the old N200 Naira notes. The President who made this known in a nationwide address to Nigerians on Thursday morning said the old N200 will continue to be legal tender…
February 16, 2023
The Supreme Court of Nigeria has granted an order restraining the Federal Government and the Central Bank of Nigeria (CBN) from implementing the February 10 deadline for the continuous use of the old 200, 500 and 1000 naira notes as legal tender in Nigeria. This was sequel to a lawsuit originating from three northern states;…
February 8, 2023
The Central Bank of Nigeria (CBN), on Thursday has issued a directive to financial institutions across the country to commence paying customers the new Naira notes Over The Counter (OTC). This was contained in a statement issued by the CBN's Director of Corporate Communication, Osita Nwanisobi. According to the statement, the CBN governor, Godwin Emefiele…
February 2, 2023
LOTUS Bank Limited, a Nigeria’s Non-Interest Bank (NIB), has won the Leadership Newspaper Bank of the Year 2022 award. The award was pronounced and presented at the just concluded 14th LEADERSHIP Conference and Awards held at the International Conference Centre, Abuja. The event had over the years become a barometer for measuring excellence in both…
February 2, 2023
The International Monetary Fund has added a dose of optimism to oil markets by revising its global economic growth outlook to reflect a lowered risk of a slowdown. In its latest monthly World Economic Outlook, the lender said that it expected inflation to peak and the global economy to grow by 2.9% this year. While…
January 31, 2023
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has urged the Federal Government to revoke licences of oil marketers selling above approved pump price of Premium Motor Spirit (PMS). PENGASSAN said the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) should immediately mobilise its staff in various locations nationwide to monitor compliance…
January 31, 2023
Says Apex Bank Has Massively Supplied New Notes The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele has dismissed reports claiming the apex bank has been hoarding the new naira notes days before the expiration of the January 31st deadline. Speaking at a media briefing in Jos, Emefiele, CBN governor, said the apex bank has…
January 26, 2023
The UK government on Wednesday said it had cut tariffs and extended duty free trade in goods exported from Nigeria Mr Ben Llewellyn-Jones, Deputy British High Commissioner to Nigeria said this at the launch of the Developing Countries Trading Scheme (DCTS) which took place at Eko Hotel and Suites, Victoria Island, Lagos. Llewellyn-Jones said the…
January 26, 2023
Despite mounting concerns among Nigerians over the scarcity of the new Naira notes in parts of the country, the Central Bank of Nigeria has insisted that there is no going back on the January 31 deadline for the old 200, 500 and 1,000 naira notes. The CBN Governor Godwin Emefiele made this position known while…
January 24, 2023
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Amid the cash crunch which has sparked chaos across Nigeria, President Muhammadu Buhari on Thursday approved the extension of the deadline for the use of the old N200 Naira notes. The President who made this known in a nationwide address to Nigerians on Thursday morning said the old N200 will continue to be legal tender…
February 16, 2023
The Supreme Court of Nigeria has granted an order restraining the Federal Government and the Central Bank of Nigeria (CBN) from implementing the February 10 deadline for the continuous use of the old 200, 500 and 1000 naira notes as legal tender in Nigeria. This was sequel to a lawsuit originating from three northern states;…
February 8, 2023
The Central Bank of Nigeria (CBN), on Thursday has issued a directive to financial institutions across the country to commence paying customers the new Naira notes Over The Counter (OTC). This was contained in a statement issued by the CBN's Director of Corporate Communication, Osita Nwanisobi. According to the statement, the CBN governor, Godwin Emefiele…
February 2, 2023
LOTUS Bank Limited, a Nigeria’s Non-Interest Bank (NIB), has won the Leadership Newspaper Bank of the Year 2022 award. The award was pronounced and presented at the just concluded 14th LEADERSHIP Conference and Awards held at the International Conference Centre, Abuja. The event had over the years become a barometer for measuring excellence in both…
February 2, 2023
The International Monetary Fund has added a dose of optimism to oil markets by revising its global economic growth outlook to reflect a lowered risk of a slowdown. In its latest monthly World Economic Outlook, the lender said that it expected inflation to peak and the global economy to grow by 2.9% this year. While…
January 31, 2023
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has urged the Federal Government to revoke licences of oil marketers selling above approved pump price of Premium Motor Spirit (PMS). PENGASSAN said the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) should immediately mobilise its staff in various locations nationwide to monitor compliance…
January 31, 2023
Says Apex Bank Has Massively Supplied New Notes The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele has dismissed reports claiming the apex bank has been hoarding the new naira notes days before the expiration of the January 31st deadline. Speaking at a media briefing in Jos, Emefiele, CBN governor, said the apex bank has…
January 26, 2023
The UK government on Wednesday said it had cut tariffs and extended duty free trade in goods exported from Nigeria Mr Ben Llewellyn-Jones, Deputy British High Commissioner to Nigeria said this at the launch of the Developing Countries Trading Scheme (DCTS) which took place at Eko Hotel and Suites, Victoria Island, Lagos. Llewellyn-Jones said the…
January 26, 2023
Despite mounting concerns among Nigerians over the scarcity of the new Naira notes in parts of the country, the Central Bank of Nigeria has insisted that there is no going back on the January 31 deadline for the old 200, 500 and 1,000 naira notes. The CBN Governor Godwin Emefiele made this position known while…
January 24, 2023
