Fakoyejo Olalekan

CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

IMF Calls For Review Of CBN Act 2007, Demand Release Of Financial Statements

The Central Bank of Nigeria (CBN) Act 2007 needs to be reviewed to align with international best practices, the International Monetary Fund (IMF) observes. IMF stated in its latest Report – ‘Nigeria: 2022 Article IV Consultation’ – that the CBN Act is

February 20, 2023

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Stock Market Investors Earn N228.73 billion, Ecobank, Nahco Make Losers’ List

The market capitalisation of the Nigerian bourse hit N29.53 trillion on Monday, 20 February 2023, rising by 1 per cent. Trading data showed that the appreciation is worth N228.73 billion when the market capitalisation is compared to the N29.31 trillion reported last

February 20, 2023

Business

Bank CEOs Meet Over Old Naira Deadline

The Chief Executive Officers of Nigerian Deposit Money Banks (DMBs) met amid confusion over deposits of old N200, N500 and N1,000 notes. Prime Business Africa previously reported on Friday, 17 February 2023, that the Central Bank of Nigeria (CBN) denied authorising banks

February 20, 2023

Atiku Highlights Why Nigeria’s 2025 Budget Is Unsustainable

Business

Atiku Withdraws Support Over CBN’s Handling Of Old Naira Notes

The presidential candidate of the Peoples’ Democratic Party (PDP), Atiku Abubakar, has began to sing a different tone as regards the deadline the Central Bank of Nigeria (CBN) chose to phase out the old Naira notes. Atiku had supported the 10 February

February 20, 2023

Failure To Scrap Fuel Subsidy, Cash Shortage Major Fiscal Risk To Nigeria’s Economy - FocusEconomics

Business

I’m Aware Of Current Hardship – Buhari Speaks On His Crisis-Induced Policies

President Muhammadu Buhari said he is aware that his policies have caused hardship for Nigerians and his administration is working on appropriate measures to ease the suffering. Buhari, in a video recording sent from Addis Ababa, Ethiopia, on Sunday, to support Bola

February 20, 2023

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN Denies Ordering Banks To Accept Old N500, N1000 Notes

The Central Bank of Nigeria (CBN) has denied ordering Deposit Money Banks (DMB) to accept deposits of old N500 and N1000 notes from the public. In a statement released on Friday, CBN’s corporate communications director, Osita Nwanisobi, denied the central bank directed

February 17, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Nigerians Rush For Dollar, Push UP USD Rate Amid Naira Scarcity

The Naira lost some value against the United States Dollar (USD) in official and black markets, on Thursday, 16 February 2023. The FMDQ Exchange, which tracks official exchange rates, reports that the value of Dollar went up by 0.11 per cent or

February 17, 2023

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1

Business

Updated: Emefiele Orders Banks To Accept Old N500, N1,000, Set Condition For Depositors

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMB) to accept the old N500 and N1,000 notes but set a limit to customers’ deposits. CBN said the old N500 and N1000 notes are not legal, however, banks are allowed

February 17, 2023

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

Business·Currency

Fitch Says Naira Scarcity Will Affect Dollar Demand, Exchange Rate

Global credit ratings agency, Fitch Ratings, has warned that Nigeria’s exchange rate might appreciate due to scarcity of Naira notes. Fitch made this known in a report dated 14 February 2023 and titled ‘Nigeria’s Economic Challenges Highlight Importance of Post-Election Policies’. The

February 17, 2023

Business

Naira Scarcity: 17 Bank Branches Attacked, Bank Workers Threaten Strike

Naira scarcity has resulted in attacks on 17 bank branches and N5 billion loss for the Deposit Money Banks (DMB), as the Central Bank of Nigeria (CBN) struggles to implement the Naira redesign policy. This was disclosed by the Association of Senior

February 17, 2023

Previous 1 … 69 70 71 72 73 … 162 Next

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Fakoyejo Olalekan

IMF Calls For Review Of CBN Act 2007, Demand Release Of Financial Statements

Stock Market Investors Earn N228.73 billion, Ecobank, Nahco Make Losers’ List

Bank CEOs Meet Over Old Naira Deadline

Atiku Withdraws Support Over CBN’s Handling Of Old Naira Notes

I’m Aware Of Current Hardship – Buhari Speaks On His Crisis-Induced Policies

CBN Denies Ordering Banks To Accept Old N500, N1000 Notes

Nigerians Rush For Dollar, Push UP USD Rate Amid Naira Scarcity

Updated: Emefiele Orders Banks To Accept Old N500, N1,000, Set Condition For Depositors

Fitch Says Naira Scarcity Will Affect Dollar Demand, Exchange Rate

Naira Scarcity: 17 Bank Branches Attacked, Bank Workers Threaten Strike

Featured Stories

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

Enugu’s BRT Blitz: Modern Roads, Shattered Lives

VENGEANCE UNLEASHED: US Launches Devastating Strikes Against ISIS in Syria After Deadly Attack

Whatsapp Channel

Latest News

A Very Dirty Christmas Title Sparks Backlash – CAN, Regulators, Producer in Public Dispute

Fire Hits FIRS Office Amid Tax Law Discrepancy Concerns

PayPal’s Nigeria Re-Entry Raises Hard Questions About Inclusion, Accountability, Market Power

Former Delta North Senator Peter Nwaoboshi Dies After Sudden Collapse in Abuja

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

A Very Dirty Christmas Title Sparks Backlash – CAN, Regulators, Producer in Public Dispute

Suggestions

Fakoyejo Olalekan

Featured Stories

Follow Us

Whatsapp Channel

Latest News