Tuesday, 31 January, 2023

Category: Business


Director, MTN Foundation and former education director in Nigeria, Dennis Okoro, has launched his first book titled “Education in Nigeria; Perspectives for a changing world” in Lagos.The book is an analysis of the current education system in Nigeria and highlights Read more…


The Central Bank of Nigeria has extended the deadline for the exchange of old naira notes by 10 days. The exercise is now to end on 10 February 2023. The Governor of Central Bank, Godwin Emefiele who visited President Muhammadu Read more…


In the bid to mop up all the unwanted old Naira notes still in circulation, the Central Bank of Nigeria (CBN) has directed all banks in the country to also work tomorrow Sunday. The Director of Currency Operations, Ahmed Umar Read more…


Nigerian opposition presidential candidate Atiku Abubakar urged the central bank on Saturday to extend a Jan. 31 deadline to phase out old high-value banknotes, a measure many Nigerians fear will disrupt business in the cash-reliant economy. Nigerians have to turn Read more…


The Federal High Court in Abuja has been urged to among others, restrain the Central Bank of Nigeria (CBN) and its Governor Godwin Emefiele from implementing its January 31 deadline for the old 200, 500 and 1000 naira notes. Alobo Read more…


Members of the House of Representatives have threatened to invoke the relevant sections of the law to issue a warrant of arrest on the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, and the chief executive officers Read more…


Nigerian President Muhammadu Buhari has marked the opening of a $1.5 billion, Chinese-funded deep seaport in the commercial hub of Lagos that authorities hope will help grow the West African nation’s ailing economy. The Lekki Deep Sea Port is one Read more…


The Central Bank of Nigeria expects at least 2 trillion naira ($4.3 billion) of cash to return to banks by Jan. 31 when the deadline to replace high-value currency notes ends. Residents exchanged as much as 1.5 trillion naira of Read more…


Western countries are shooting themselves in the foot by confiscating Russian assets, billionaire businessman Vladimir Potanin believes.  Following the launch of Russia’s military operation in Ukraine in February last year, multiple countries have frozen assets belonging both to the Russian state, Read more…


Reuben Abati At some point later today, January 24, the Governor of the Central Bank of Nigeria, Godwin Emefiele is bound to be back in the news as the CBN’s Monetary Policy Committee (MPC) concludes its 289th meeting and offers Read more…


Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country’s ports and help it become an African hub for transshipment, handling cargoes in transit for other destinations. President Muhammadu Buhari Read more…


The Central Bank of Nigeria(CBN) has directed deposit money banks, super agents as well as mobile money operators to swap the old N200, N500 and N1,000 for the newly redesigned notes. Hence, they are expected to swap up to N10,000 Read more…