Economics
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NLC protests: CBN to flood banks with old naira notes
The Central Bank of Nigeria has finally concluded plans to release all N1,000, N500 and N200 notes in its custody…
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New naira pains persist despite fresh CBN orders
Barely three days after the Central Bank of Nigeria declared old N1,000, N500 and N200 notes as legal tender, Deposit…
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Naira crisis: Banks ration old notes, NLC insists on seven-day ultimatum
Deposit Money Banks have begun to ration the disbursements of old N1,000 and N500 notes to their customers amid uncertainty…
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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…
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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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