Fakoyejo Olalekan

Criticism Trails Senate's Approval Of CBN’s N22.7 trillion Loans To FG

Presidency Contradicts CBN, Banks On Supreme Court Ruling On Old Naira Notes

The Presidency has contradicted the Godwin Emefiele-led Central Bank of Nigeria (CBN) regarding the ruling of the Supreme Court on the old Naira notes deadline. It was stated that neither the Federal Government nor the central bank have taken a position contrary

February 15, 2023

Business

CBN Reveals Three Steps To Deposit Old Naira Notes, Says Commercial Banks Will Not Accept It

The Central Bank of Nigeria (CBN) has stated that old Naira notes can only be deposited at the apex bank, disclosing that commercial banks will no longer accept them. In a statement on Monday, 13 February 2023, Haladu Andaza, the CBN Branch

February 14, 2023

Seplat Energy, Total Lead List Of Highest Paying Companies In Nigeria

Business

Investment Formula To Unlock Wealth In Today’s World

The most ideal way to reach your long-term financial goals is by investing. However, every conversation on investment must start with this obvious reality: Investing entails accepting risks. Your ability to manage such risks without sacrificing appropriate returns will play a part

February 14, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

2023 Elections·Business·Currency

New Report Predicts Dollar Hoarders To Lose Significantly In Black Market

Persons hoarding Dollars and betting against the Naira are set for a shock in 2023, according to credit rating agency, Agusto & Co, as the firm predicted the Naira will gain big against the United States currency. In a report titled ‘2023

February 14, 2023

CBN To Reveal Banks’ Disbursement Details Of New Naira Notes

Business

Naira Redesign: Falana Tackles Emefiele, Says CBN Incites Nigerians Against Banks

Godwin Emefiele-led Central Bank of Nigeria (CBN) has been criticised by human rights lawyer, Femi Falana, over the handling of the Naira redesign policy. He accused the central bank of inciting the public against the banks, as the financial regulator doesn’t have sufficient

February 14, 2023

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

Business

Cash In Circulation Outside Banks Drops By N160 billion – New CBN Data Reveals

The currency outside the banking system has declined to N2.57 trillion, the Central Bank of Nigeria (CBN) has disclosed in the latest data published on its website. Prime Business Africa had reported that the cash outside the bank was N2.7 trillion as

February 14, 2023

Business·Markets

Market Cap Closes At N29.61 trillion, Nigerian Stock Investors Gain N20.35 billion

The Nigerian Stock Exchange reported N20.35 billion gain in market capitalisation on Monday, 13 February 2023. It rose from N29.59 trillion to N29.61 trillion. It followed the path of the All-Share Index, which gained 37.37 basis points, appreciating from 54,327.3 ASI to

February 13, 2023

Business

Pres. Buhari Meets CBN’s Emefiele As Naira Scarcity Lingers

President Muhammadu Buhari and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, met on Monday, 13 February 2023, as discussion on the failure of the Naira redesign policy continues. This is the sixth time President Buhari and Emefiele met

February 13, 2023

Business

Chicken Republic’s Customers Robbed Again, One Shot

Within one year, the fast-food chain, Chicken Republic, suffered a second armed robbery attack on one of its branches in Lagos State. The armed robbers shot a yet-to-be-identified security guard of the Chicken Republic branch located in Admiralty Way, Lekki Phase 1,

February 13, 2023

Naira Policy: CBN Mops Up N1.6 trillion In Just I Month

Business

CIBN Addresses Report Of Banks’ Collapse, NSPMC Inability To Print New Naira Notes

The President and Chairman of the Chartered Institute of Bankers of Nigeria (CIBN), Ken Opara, has allayed fears that some Nigerian banks could completely shut down following the failure of the Naira redesign policy. Prime Business Africa reported that the policy of

February 13, 2023

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Fakoyejo Olalekan

Presidency Contradicts CBN, Banks On Supreme Court Ruling On Old Naira Notes

CBN Reveals Three Steps To Deposit Old Naira Notes, Says Commercial Banks Will Not Accept It

Investment Formula To Unlock Wealth In Today’s World

New Report Predicts Dollar Hoarders To Lose Significantly In Black Market

Naira Redesign: Falana Tackles Emefiele, Says CBN Incites Nigerians Against Banks

Cash In Circulation Outside Banks Drops By N160 billion – New CBN Data Reveals

Market Cap Closes At N29.61 trillion, Nigerian Stock Investors Gain N20.35 billion

Pres. Buhari Meets CBN’s Emefiele As Naira Scarcity Lingers

Chicken Republic’s Customers Robbed Again, One Shot

CIBN Addresses Report Of Banks’ Collapse, NSPMC Inability To Print New Naira Notes

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