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Business & Economy

Jumia sacks 20% of workforce, confirms appointment of new CEO

Africa’s e-commerce giant, Jumia, has slashed 20% of its workforce in a layoff exercise that saw the exit of 900 people from the company. The...

CBN vows to clamp down on PoS operators exploiting Nigerians

The Central Bank of Nigeria, CBN has vowed to clamp down on Point of Sale owners, who have turned themselves to payment agents, to...

Ogun joins Kaduna, Kogi others to challenge FG’s demonetisation policy

The Ogun State Government has applied to the Supreme Court of Nigeria, seeking to join Kaduna, Kogi and Zamfara States, in a suit against...

Agbakoba decries operations of illegal space objects in Nigeria; writes Mamora, NASRDA

Bothered by the way most corporations operate space objects illegally in the country, former President of Nigeria Bar Association (NBA), Olisa Agbakoba, has penned...

‘Calm down, we shall increase the circulation of the new notes’, CBN assures Nigerians

The Central Bank of Nigeria, CBN has debunked reports claiming the apex bank is constrained to print new Naira notes, even as it ...

Fuel stations reject old Naira notes in Lagos

Traders, petrol filling stations, and commercial drivers in Lagos have started rejecting the old naira notes as the Central Bank of Nigeria’s (CBN) February 10...

Malami dares S’court, says the apex court lacks power to stop deadline for use of old Naira notes

The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, has challenged the jurisdiction of the Supreme Court to suspend the...

IMF advises CBN to extend Feb 10 deadline for old naira notes

Few hours after the supreme court temporarily restrained the federal government from banning the use of the old naira notes from February 10, the...

Breaking: Supreme Court suspends CBN’s Feb 10 validity of old Naira notes

The Supreme Court of Nigeria has restrained the Federal Government from continuing with the full implementation of the demonetisation policy. Three northern states, Kaduna, Kogi...

Court bars CBN from extending deadline on use of old naira notes

A federal capital territory (FCT) high court has compelled the Central Bank of Nigeria (CBN) to go ahead with the full implementation of the naira...

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