Business

The Central Bank of Nigeria (CBN) has increased it's Monetary Policy Rate, MPR to 18 per cent from 17.5 per cent. Governor of the CBN, Mr. Godwin Emefiele,  made this known, on Tuesday, after the meeting of the Monetary Policy Committee…

The Federal Government, through the Nigerian National Petroleum Company Limited (NNPCL) has increased Premium Motor Spirit (PMS), popularly known as petrol, supply to Independent Petroleum Marketers to avert nationwide scarcity and price…

Nigerian students studying in foreign institutions of learning may face hardship as local banks have cut the amount of Personal Travel Allowance and schools fees customers can apply for. This follows worsening foreign exchange crisis…

Nigeria’s Debt Management Office (DMO) is offering for auction four N360 billion Federal Government of Nigeria (FGN) Bonds for subscription. The first offer is a February 2028 FGN Bond valued at N90 billion (10-year re-opening), at an…

Banking halls across the country are regaining their serenity lost during the nationwide cash crisis that hit Deposit Money Banks as they have began dispensing and accepting old N500 and N1000 notes. This is in compliance with the…

Nigeria’s inflation rate showed a slight decline in February this year, even as the yearly figure increased marginally to 21.91 percent Year-on-Year (YoY). According to the National Bureau of Statistics, NBS, in its Consumers Price…

The Presidency has said there was no time President Muhammadu Buhari directed the Attorney General of the Federation (AGF), and Minister of Justice, Abubakar Malami SAN, and the Governor of Central Bank of Nigeria (CBN), Mr. Godwin…

The Central Bank of Nigeria, CBN, has, at last, announced that the old N1000, N500, N200 bank notes shall remain legal tender till December 31, 2023 in accordance with the ruling of the Supreme Court. Isa Abdulmumin, CBN’s Acting…

More than 10 days after the Supreme Court ruling, the Central Bank of Nigeria has refuted reports credited to the Anambra State Governor, Prof Charles Soludo, that it had directed commercial banks in the country to dispense and accept the…

Anambra State Governor, Prof. Charles Soludo, on Monday morning, confirmed that Nigerian banks can now issue and accept old Naira notes of N500, and N1000. Governor Soludo, a former CBN governor said the incumbent apex bank boss, Godwin…