Economy
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Cash squeeze intensifies, stalls business transactions
Tension over scarcity of cash has worsened across the country, with millions of Nigerians denied access to their savings. …
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Naira Redesign: PoS operators hike charges amid naira notes scarcity
Despite the extension of the deadline by the Central Bank of Nigeria on Sunday, scarcity of the new naira notes…
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Despite extension, Nigerians can’t withdraw old, new notes
Despite extension of deadline for the circulation of old N1,000, N500 and N200 notes to February 10, bank customers continue…
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Redesigned Naira: Racketeering booms in Lagos, Abuja, Anambra
The scarcity of the new naira notes took a worse turn on Monday as currency racketeers took advantage of the…
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BREAKING: EFCC swoops on hoarders of new naira notes
The Economic and Financial Crimes Commission (EFCC) has said it arrested members of a syndicate of currency racketeers hoarding and…
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Naira Swap: Banks must accept old naira notes even after Feb 10 deadline – Emefiele
The Governor of the Central Bank, Godwin Emefiele, has said commercial banks must accept the old Naira notes even after…
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FG to spend N4.65trn on debt servicing this year
Unless the Monetary Policy Committee (MPC) makes a U-turn on its aggressive monetary tightening, the federal government may pay as…
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Nigeria’s pension contributions from inception jumps to ₦8.24trn as at end of Q2 2022
The cumulative pension contribution from inception to the end of the third quarter of 2022 amounted to N8.24trillion, the current…
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Kudos, knocks as CBN extends old naira notes deadline
Mixed reactions have trailed the Central Bank of Nigeria (CBN) extension of the deadline for collection of old naira notes…
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N2.7trn kept permanently in people’s homes before CBN ordered redesign of naira notes – Emefiele
Governor of the Central Bank of Nigeria, Godwin Emefiele on Sunday, revealed that part of the reasons the Federal Government…
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