Relief as CBN floods banks with naira notes, few days to NLC strike
...Directs banks to open their branches on Saturday, Sunday
...CBN Gov to personally monitor compliance
The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks nationwide...
CBN instructs banks to open Saturdays, Sundays
Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease circulation of banknotes of various denominations.
The apex bank also...
CBN confirms evacuation of banknotes to DMBs
The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of...
We’ve approved $1bn in loans to women entrepreneurs – AfDB
The African Development Bank (AfDB) has revealed that over $1 billion has been approved as loans to women entrepreneurs since the inception of its Affirmative Finance Action for Women in Africa (AFAWA) initiative.
Its President,...
Nigeria Air to fly before May 29, says Sirika
The Minister of Aviation Senator Hadi Sirika has said the proposed national carrier, Nigeria Air will fly before May 29th, 2023.
The Minister also said the project was 98 percent completed.
He stated this in Abuja...
Emefiele apologises for online transactions failure
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has admitted challenges faced by bank customers, following the limit on cash withdrawals and apologised for the deluge of online...
FG, states, LGs share N722bn federal allocation
The Federation Account Allocation Committee said it has shared N722.677 billion among the three tiers of government in February 2023.
The figure represents a further decrease of N27.493bn compared to N750.17bn shared in January and...
CBN increases interest rate to 18%
Central Bank of Nigeria’s Monetary Policy Committee has voted to increase the benchmark interest rate by 50 basis points to 18. percent.
This was disclosed by the CBN Governor, Godwin Emefiele, on Tuesday while reading...
Oil prices rebound after hitting lowest since 2021 on banking fears
Oil prices bounced up on Monday in volatile trade after diving to their lowest levels in 15 months as the market worried that risks in the global banking sector could spark a recession that...
Currency in circulation now N982bn – CBN
The currency in circulation in the country dipped by a 235.03 per cent to N982.09bn at the end of February from N3.29tn at the end of October 2022, on the back of the naira...
You supported APC for your selfish interests, Ebonyi PDP replies Anyim
People’s Democratic party (PDP) Campaign Council in Ebonyi State, yesterday claimed the former Senate President, Anyim Pius Anyim, supported the candidate of the All...
What I will do different in Kwara – 26-year-old lawmaker-elect
A 26-year-old lady, Rukayat Shittu, won a seat to represent Owode/Onire constituency in the Kwara State House of Assembly. She spoke with AYOOLA OLASUPO...
Review Ogun governorship election results now, PDP tells INEC
The Peoples Democratic Party (PDP) has asked the Independent National Electoral Commission (INEC) to review the outcome of the Ogun State governorship election, stressing...
FG executes 1,375 rural power projects with N45.89bn
The Federal Government completed a total of 1,375 rural power projects in various communities across the country with the sum of N45.89bn within a...
Yoruba vs Igbo: The battle for Lagos by Simon Kolawole
During lunch with a Fulani friend some weeks ago, he sounded so relieved that power was shifting to the south with the election of...