Insufficient Diesel Grounds Abuja-Kaduna Train Service
The Nigerian Railway Corporation, NRC, has apologised for the delay in Abuja-Kaduna train movement on Monday. Pascal Nnorli, Manager, Abuja-Kaduna Train Service (AKTS) issued a statement…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Unified ATM Card in View, Existing Cards to be Suspended – CBN
The Central Bank of Nigeria (CBN) Unified ATM Card is a card issued by the CBN that enables users to access their bank accounts through Automated…
Naira Redesign: CBN Gives Fresh Update on Deadline for Return of Old Notes
The Central Bank of Nigeria, CBN, has given a fresh update on the deadline to phase out old naira notes. CBN disclosed this on Monday in…
Breaking: DSS Storm CBN, Takes Over Emefiele’s Office
The operatives of the State Security Service, SSS, have invaded the headquarters of the Central Bank of Nigeria, CBN, taking over the office of the embattled…
Amazon To Sack Over 18,000 Staff
American multinational company, Amazon, has revealed that it will lay off over 18,000 members of its workforce. The layoffs will primarily affect the company’s human resources…
Buhari Leaves N77trn Debt for Incoming President – DMO
The federal government has revealed that the incoming administration would inherit about N77 trillion debt by the time President Muhammadu Buhari’s tenure ends in May next…
Naira Redesign: Fake New N1,000 Notes in Circulation
Few days after the Central Bank of Nigeria, CBN, released the redesigned naira notes in the denominations of N200, N500 and N1,000, fake copies of the…
BREAKING: House of Reps Orders CBN to Suspend New Cash Withdrawal Limit
The House of Representatives has asked the Central Bank of Nigeria (CBN) to halt the implementation of the new cash withdrawal policy slated for January 9,…
Naira Redesign: Cash withdrawal above N100,000, N500,000 attract 5%, 10% charges
The Central Bank of Nigeria, CBN, has issued a revised cash withdrawal policy, stating that cash withdrawals above N100,000 and N500,000 will henceforth attract 5 per…
2 Billion Litres of PMS Available NNPC argue despite long queues
Despite long queues at filling stations in Lagos, Abuja and other parts of the country, the Nigerian National Petroleum Company Limited (NNPCL) has said it has…