Economics
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Governors give Malami, Emefiele Tuesday ultimatum to obey Supreme Court
State governments, which sued the Federal Government on the naira redesign policy, have given the Attorney-General of the Federation and…
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THE COMING SUBSIDY REMOVAL – BOOBY TRAPS AND ESCAPE ROUTES
Every presidential candidate in the recently concluded presidential election – save probably for Omoyele Sowore – promised to remove…
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Fuel stations, others reject old notes, banks ration cash
The fresh move by some Deposit Money Banks to re-circulate old N500 and N1,000 notes suffered a setback on Tuesday…
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Advancing The Cashless Policy: Adoption Of The eNaira As A Mode Of Payment By Government.
In recent times, the Nigerian government has made significant strides towards a cashless society, with the introduction of the eNaira…
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S’Court order on old notes: Banks in partial compliance, begin skeletal re-circulation
Deposit Money Banks in the country have begun partial compliance with the Supreme Court order approving the use of…
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NEEDED URGENTLY – A REJIGGED FINANCIAL MARKETS INFRASTRUCTURE IN NIGERIA
Myriads of lessons have been learnt from the cash swap and currency redesign experiment in Nigeria in the past few…
Read More » Bank customers borrowed N947bn amid naira scarcity
Deposit Money Banks offered 130,854 new credits valued at N947.46bn to their customers in December 2022, according to a document…
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Banks’ assets rise to N73tn – CBN
Total assets of the banking industry grew by N14.36tn or 24.24 per cent from N59.24tn at the end of December…
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Falana writes CBN, demands details of new naira notes distribution
Rights activist and Senior Advocate of Nigeria, Femi Falana, has written to the Central Bank of Nigeria demanding details of…
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Naira deadline: Banks, fuel stations reject old notes, ignore Supreme Court order
Some commercial banks and filling stations have stopped collecting the old naira notes from customers, contrary to the ruling of…
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