CBN Asked to Remove Arabic Inscription from Redesigned Notes
The Central Bank of Nigeria, CBN, has been asked to remove the Arabic inscription from the redesigned naira notes. Tever Akase, Senior Special Assistant to Governor…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
eNaira: CBN Applauds Remita as Payment Service Provider of the Year
Africa’s foremost payment solutions company, Remita Payment Services Limited was adjudged the winner of the “PAYMENT SERVICE PROVIDER OF THE YEAR ” award by the CBN.…
JUST-IN: Existing N100, N200, N500, N1,000 Notes Cease To Be Legal Tender From January 31,2023—CBN
Effective January 31, 2023, the existing N100, N200, N500, and N1,000 banknotes will cease to be accepted as a medium of exchange for any transaction conducted…
CBN set to scrap ATM cards, others
The Central Bank of Nigeria (CBN) has announced the introduction of a National Domestic Card Scheme which is effective January 16, 2023. According to reports, the…
BREAKING: 120K investors lose over $800 million Betting Against Rise of Bitcoin, Altcoins
Following days of inaction, the cryptocurrency market saw a jump in value that left some investors betting against its rise in the derivative markets. Recent price…
Kogi State & Dangote Impasse: Stakeholders calls for Dialogue, Amendment of Mining Act
Stakeholders under the auspices of the Federation of Nigerian Mining Host Communities (FNMHC) has call for a meaningful dialogue, understanding and peaceful resolution of the conflict…
SMEDAN To Leverage D-8 Regions For Economic Development
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has made its commitment towards leveraging partnership within the D-8 to promote, encourage, advance and support…
Sheraton Shutdown: Over 291 Workers to be Sacked
The former managers of Sheraton Hotel, Marriott International, have accused Capital Hotels Plc of shutting down the hotel without due notice. Sheraton ownership was transferred after…
Kwara State Governor In Billion Naira Tax Evasion Scandal
Not returning tax to the appropriate authorities is a crime in Nigeria. Offenders are charged with criminal offenses and could face fines and jail time. However,…
How CBN Spent N58.618 Billion To Print N2.5 Billion In 2020
The Central Bank of Nigeria, CBN, spent the sum of N58.618 billion to print 2.518 billion Naira notes in, 2020. It indicated a decrease in the…