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Nigerians have continued to experience scarcity of the naira notes since the January 31 deadline issued by the Central Bank of Nigeria, CBN, on the swap of the currency. The CBN had earlier set a January 31 deadline for the use of the old naira notes. It was later extended […]
The Coalition of South East Youth Leaders, COSEYL, has condemned the move by commercial banks in the country to reject old Naira notes. Our correspondent earlier gathered that customers who intended to deposit their old Naira notes were turned back on Tuesday. According to some officials, the decision followed a […]
In defiance of the Supreme Court order, the Central Bank of Nigeria, CBN, declared that the old naira notes of N200, N500 and N1000 have ceased being legal tender in Nigeria since February 10, 2023. CBN’s branch controller in Bauchi Haladu Idris Andaza made the declaration while briefing journalists on […]
As the naira scarcity lingers with its attendant effect on Nigerians, financial experts have warned that the country may slip into a cash-induced recession. For many Nigerians, the currency scarcity hardship has become a nightmare without an end. Accessing cash is now a miracle everyone desires. Some commercial banks’ Automated […]
The General Manager of Dangote Sugar, North, Abdulsalam Waya, has said with 650,000 barrels of oil per day, Dangote refinery will end the perennial fuel scarcity in Nigeria. Speaking during the Dangote Day at the ongoing 44th Kaduna International Trade Fair on Saturday, Waya explained that in a couple of […]
The crisis which trailed the currency swap across Nigeria continued unabated in Kwara State despite the Supreme Court ruling restraining the Federal government and the Central Bank of Nigeria, CBN, from withdrawing the old naira notes from circulation from February 10, 2023. Supreme court gave the order temporarily based on […]
The Nigerian Export Promotion Council, NEPC, said the country generated $4.8b in revenue from non-oil exports in the year 2022. Chief Executive Officer of the Council, Dr Ezra Yakusak disclosed this at NEPC’s 2022 Exporters’ Performance Appraisal meeting held in Owerri on Thursday. Yakusak, represented by the NEPC’s Trade Promotion […]
The Secretary of the Independent Petroleum Marketers Association of Nigeria, IPMAN Abuja-Suleja, Mohammed Shuaibu, has disclosed that the National currency crisis affected its members. Shuaibu on Wednesday spoke on the recurring decimal of fuel scarcity in most parts of the country. He explained that petrol marketers are worse hit by […]
Minister of Labour and Employment, Chris Ngige on Tuesday, said that Nigeria will implement a new minimum wage on or before May, 2024. Ngige also warned Organised Labour Trade Unions, to desist from meddling in government affairs and attempting to impose their will on it over appointment decisions. The […]
The Nigerian National Petroleum Company Limited (NNPCL) has allocated petrol to marketers directly to ease scarcity. The Independent Petroleum Marketers Association of Nigeria (IPMAN) made the disclosure on Tuesday. The President, Chinedu Okoronkwo said the order was issued after a closed-door meeting of both parties. It was agreed that IPMAN […]
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