Fakoyejo Olalekan

Naira Redesign: Emefiele Issues New Directive To 15 Banks, Dismisses Supreme Court Order

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said he met with some banks on Thursday, 17 February 2023, to discuss how the N200 notes can be disbursed to Nigerians. Emefiele revealed that at least 15 banks have received

February 17, 2023

Business·Markets

Tripple Gee, Japaul Gold Drag Nigerian Stock Market Cap To N29.69 trillion

The market capitalisation of the Nigerian stock exchange closed at N29.69 trillion on Thursday, 16 February 2023, up from Wednesday’s N29.68 trillion. This is a 0.02 per cent or N7.53 billion increase in the market capitalisation. It followed the 12.54 basis points gained

February 16, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar Rate Falls In CBN-Backed Official Market, Buhari Projects Stability

Exchange rate between the Naira and the United States Dollar (USD) fell in the official market on Wednesday, 15 February 2023. According to the exchange rate data obtained from the FMDQ Exchange, the cost of buying a Dollar depreciated by N0.17 kobo.

February 16, 2023

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Business

World Bank President, David Malpass, To Resign After Four Years

The World Bank President, David Malpass, will exit his role in the global financial institution on June 30, ending a four years reign. In a statement dated Wednesday, 15 February 2023, the World Bank said Malpass told the board of executive directors

February 16, 2023

Business

Buhari Lists 7 Benefits Of CBN’s Naira Redesign Policy, Defends Emefiele’s Actions

President Muhammadu Buhari has defended the Naira redesign policy of the Godwin Emefiele-led Central Bank of Nigeria (CBN). Buhari said all activities of the CBN as regards the Naira redesign policy are being carried out within the ambit of the Constitution, the

February 16, 2023

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business

Buhari Says Old N200 Notes To Remain Legal Till April, Rules Out N500, N1,000 Notes

President Muhammadu Buhari has announced that the old N200 notes will remain legal tenders till 10 April 2023, as he makes changes to the Central Bank of Nigeria’s (CBN) directive to banks. Buhari, in a nationwide broadcast on Thursday, 16 February 2023,

February 16, 2023

Fuel, Bread, Others Push Nigeria's Inflation Rate To 22.41%, NBS CPI Report Shows

Business

Nigeria’s Inflation Rate Hits 21.82%, As Naira Scarcity Disrupts Trade, Hikes Prices

The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate soared to 21.82 per cent in January 2023, as the country struggles with Naira scarcity. According to the latest consumer price index (CPI) released by NBS, the inflation rate closed

February 15, 2023

Tax Reform Bill: No Region Will Be Shortchanged, Shehu Sani Tells Northerners

Business

Naira Redesign: Revoke Central Bank Office’s C of O – Shehu Sani To Ganduje

The former Kaduna State lawmaker, Shehu Sani, has reacted to the clampdown on commercial banks by the Kano State government over the Naira redesign policy. Governor Abdullahi Ganduje of Kano state had threatened to revoke the license of commercial banks refusing to

February 15, 2023

‘Nigerian Students Loan Scheme To Begin In Three Weeks’- Gbajabiamila

Business

Fuel, Naira Scarcity Created To Stop Tinubu From Winning Presidential Election – Gbaja

The Speaker of the House of Representatives, Femi Gbajabiamila, has stated that the recent fuel and Naira scarcity is a ploy against President Muhammadu Buhari and the Presidential candidate of the All Progressive Congress (APC), Bola Tinubu. He made this known at

February 15, 2023

Business

Foreign Representatives Meet CBN’s Emefiele Over Naira Redesign Chaos

Diplomatic Corps met with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, 14 February 2023, amid the Naira redesign policy that has caused chaos within the country. According to a statement released by the central bank via

February 15, 2023

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Fakoyejo Olalekan

Naira Redesign: Emefiele Issues New Directive To 15 Banks, Dismisses Supreme Court Order

Tripple Gee, Japaul Gold Drag Nigerian Stock Market Cap To N29.69 trillion

Dollar Rate Falls In CBN-Backed Official Market, Buhari Projects Stability

World Bank President, David Malpass, To Resign After Four Years

Buhari Lists 7 Benefits Of CBN’s Naira Redesign Policy, Defends Emefiele’s Actions

Buhari Says Old N200 Notes To Remain Legal Till April, Rules Out N500, N1,000 Notes

Nigeria’s Inflation Rate Hits 21.82%, As Naira Scarcity Disrupts Trade, Hikes Prices

Naira Redesign: Revoke Central Bank Office’s C of O – Shehu Sani To Ganduje

Fuel, Naira Scarcity Created To Stop Tinubu From Winning Presidential Election – Gbaja

Foreign Representatives Meet CBN’s Emefiele Over Naira Redesign Chaos

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