BREAKING: Court stops CBN, Buhari from shifting naira deadline
Justice Eleoje Enenche of a High Court at the Federal Capital Territory in Abuja on Monday restrained the Federal Government and 27 listed commercial banks from suspending, stopping, extending or interfering with the currency redesignation terminal date…
The God of All Flesh, By Douglas Ogbankwa Esq
The God of All Flesh He is the God of all flesh , To the Lawyer , He is the Advocate, To the Judge, He is the Lords of Lords , To the Doctor, He is the Palm of Gilead, To the numerologist ,He is the First and the Last , To the Archaelogist , […]
Naira Redesign: Ganduje Exposes Emefiele’s Alleged Plan To Ruin APC’s Chances At Elections
THE Governor of Kano State on Friday said the naira redesign was never the agenda of the All Progressive Congress, APC, but a calculated plan by the Central Bank Governor, Godwin Emefiele and a few cronies surrounding President Muhammadu Buhari. He made…
New Naira Notes: Banking Halls Empty As Naira Scarcity Worsens
BANKING halls across various commercial banks in Lagos, Osun, Ekiti, and other parts of the country witnessed minimal activity as frustrated customers resorted to alternative means of cash withdrawal following the scarcity of naira notes in the banks.…
New Naira Notes: Ogun Banks Mismanaged N4m, Hoard Cash – CBN
THE Central Bank of Nigeria has revealed how a commercial bank mismanaged about N4 million of the new naira notes in Ogun State. The CBN said it also caught some banks hoarding the new notes in their vaults for no known reasons. The Deputy Director,…
Old Naira Notes Rejected, By Chuks Iloegbunam.
THEY have rejected the outgoing currency notes in Anambra – days to its inglorious exit. They have also rejected the sanctimonious one now bound in one irreversible direction – North! North to D. D for Dawurah. D for Do Little. D for Do-Nothing-At-All.…
Kwara Gets N887.8m From World Bank To Fund Immunisation
KWARA State has secured World Bank funding to support infrastructure upgrades in at least one primary healthcare facility in each of the 193 wards of the state, the Executive Secretary of the state Health Care Development Agency, Dr Nusirat Elelu, has…
CBN To Sanction Banks Hoarding New Naira Notes
THE Central Bank of Nigeria has vowed to sanction any commercial bank found hoarding the new naira notes, saying it had produced enough for distribution to all the banks across the country. The CBN Kano Branch Controller, Alhaji Umar Biu, made the remark…
Economists Foresee Stronger 3.3% Growth For Nigeria
CONTRARY to the 2.9 per cent growth projection of the World Bank for Nigeria for 2023, analysts are optimistic of a stronger growth for the country. They however, noted that tackling the exchange rate crisis will be key step that would help consolidate…
CBN Injects $15.3bn To Stabilise Naira
THE Central Bank of Nigeria injected $15.3bn into the economy to stabilise the value of the naira from January to October, 2022. This was obtained in the banking sector regulator’s monthly and quarterly economic reports on foreign exchange market…