The Federal Government of Nigeria on Tuesday accused some opposition parties of legally restricting President Muhammadu Buhari from giving relief to Nigerians suffering agonies of cash crunch resulting from the naira redesign. Lai Mohammed, the Minister of Information and Culture,…
By Ismail Azeez, Osogbo A Pan-Yoruba Cultural group, Oodua Youth Parliament (OYP) has gave a three-day ultimatum to Governor of the Central Bank on Nigeria (CBN) , Godwin Emefiele and Mala Kyari to solve the current problems of naira and…
The Police Command in Enugu State has nabbed two male suspects possessing, transacting and selling counterfeited redesigned N1,000 notes within a council area in Enugu State. The suspects were in possession of counterfeited 180 pieces of the Central Bank of…
The ongoing currency crisis caused by a shortage of new naira notes amid several challenges Nigerians struggle with on a daily basis. Just like the suffering caused by fuel scarcity many Nigerians now spend hours queueing for cash from ATMs…
Respite on the way as the Governor,Central Bank of Nigeria ( CBN) announced that old Naira notes will still be accepted by banks after the Feb 10,2023 deadline. Initially President Muhammadu had approved extension of the ongoing currency swap by 10…
Barely 24 hours to the expiration of the old naira notes deadline, many Automated Teller Machines (ATMs) in major parts of Nigeria do not dispense either the old notes or the new naira notes, leaving customers stranded. The situation is…
…as Reps, CBN, Banks disagree over 31st Jan deadline …Reps recommend Emefiele’s arrest …Gbajabiamila threatens to sign Arrest warrant next week, if… …There is a dark horse behind the agenda — Investigative Committee …We are bound by CBN’s directives, House…
The Debt Management Office, DMO, has announced the issuance of four bonds of N90 billion each, amounting to N360 billion. In a statement on Wednesday, the office said there are offers for subscription by auction and that it is authorised…
The exchange rate between the naira and the US dollar at the black market appreciated further by 0.13 per cent on Monday morning, trading at an average of N745/$1 compared to N746/$1 recorded last week Friday. However, the exchange rate…
The ex change rate between the naira and the US dollar at the black market depreciated by 0.27 per cent to trade an average of N748/$1 on Thursday, compared to N746/$1 recorded on the previous day. However, the exchange rate…
