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Business & Economy

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...

Osinbajo decries Naira scarcity, charges CBN to sit up and tackle the ‘disturbing’ situation

“More disturbing is the fact that after depositing your old notes, there are no new notes, so people everywhere in the urban areas and...

Emefiele back pedals, issues fresh directives to banks on redesigned Naira notes

Amid cries by millions of Nigerians who expressed their frustrations over the scarcity of the newly redesigned Naira notes, the Central Bank governor, Godwin...

House directs CBN to increase ATM Withdrawal Limits,

The House of Representatives has directed the Central Bank of Nigeria Governor, Godwin Emefiele, to henceforth submit a weekly report on the apex bank’s...

Nigeria’s active mobile subscriptions rose by 14% to 222 million in 2022

Recent data released by the Nigerian Communications Commission (NCC) indicate that active subscriptions for telecommunications services across the mobile networks of MTN, Airtel, Glo,...

FirstBank convenes Nigeria Economic Outlook webinar for 2023

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the 2023 edition of its Nigeria Economic Outlook event....

Emefiele returns from abroad, resumes work at CBN

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has resumed duty after his annual vacation abroad. A letter by Osita Nwanisobi, Director of...

Non-Performing Loans: FirstBank MD, Adeduntan canvasses close monitoring of customers’ loans

Managing Director/Chief Executive Officer of FirstBank, Dr. Adesola Adeduntan, has advised financial institutions in the country to be vigilant and improve the monitoring of...

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