President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to release the old N200 note back into circulation. Buhari gave the directive in an early morning nationwide broadcast on Thursday in Abuja. He said CBN should allow old N200 to circulate as legal tender with the new N200, N500 and N1000 banknotes. […]
The Supreme Court says the old naira notes are still valid as Nigeria’s legal tender until the final adjudication of the case in dispute. This followed its Feb. 8 order barring the Federal Government and its agencies from enforcing the Feb. 10 deadline for the use of old N200, N500 and N1000 notes. The apex […]
Human Rights Activist, Femi Falana, criticised the Central Bank of Nigeria (CBN) for allegedly flouting the Supreme Court’s order suspending the deadline Naira notes swaps. Falana, a Senior Advocate of Nigeria (SAN), castigate the apex bank while speaking on Channels TV’s “The 2023 Verdict” on Tuesday in Lagos. He also said the Federal Government was […]
The Federal Inland Revenue Service (FIRS), has signed a Memorandum of Understanding (MoU) with Lagos Internal Revenue Service (LIRS) on joint tax audit, investigation and automatic exchange of information. Mr Johannes Wojuola, Special Assistant on Media and Communication of FIRS, announced this in a statement on Tuesday in Abuja. Wojuola said the CEOs of both […]
A Fintech player, Lai Labode, the CEO of CashToken Africa has commended the Nigerian Communications Commission (NCC) for its efficient regulatory process that has deepened Nigeria’s digital economy. Labode, in a statement by NCC’s Director of Public Affairs, Reuben Muoka, gave the recommendation at the opening of the ‘AfricaNext show’ in Lagos, on Monday. The […]
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has predicted more microfinance banks will join National Association of Microfinance Banks Unified Information Technology (NAMBUIT) platform this year. Hassan made the prediction at the 2022 NDIC Editors Forum. The theme of the Forum is “Deposit Insurance System (DIS) and Financial System Stability’’, on […]
Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a cement plant in Itori, Ogun State. The plant will capacity to produce six million tons of cement per annum. Aliko Dangote alongside the Group Executive Director, Strategy, Capital Projects & Portfolio Development, DIL, Devakumar Edwin and China Sinoma Engineering, represented by […]
The Independent Marketers Association of Nigeria (IPMAN) says petrol will be available and affordable in the next two weeks. IPMAN National Operations Controller, Mike Osatuyi, gave the assurance when he was featured on Arise TV’s Morning Show in Lagos on Wednesday. Osatuyi said that marketers were putting in place measures to end fuel scarcity across […]
The Federal Government has supported 280 export-oriented businesses with grants, resulting in the creation of 100,000 direct jobs. Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo said this while featuring on President Muhammadu Buhari’s administration scorecard programme series on Tuesday in Abuja. The Federal Ministry of Information and Culture organised the programme. Adebayo said […]
The International Monetary Fund (IMF) and Cameroon have reached a staff-level agreement that will give the country access to $74.6 million Cameroon would access the fund, once IMF Board formally completes the review, IMF said in a statement on Monday. The announcement followed IMF’s mission to Cameroon in January and virtual meetings to discuss progress […]