Business

CBN returns old naira notes to banks, cancels withdrawal limits

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to begin the disbursement of old N200, N500,…

1 year ago

Naira appreciates at Investors, Exporters’ window by 0.11%

The Naira on Wednesday appreciated against the dollar at the Investors’ and Exporters’ window, exchanging at N461.50. The rate represented…

1 year ago

FAAC shares N722.6bn to FG, states, LGs for February

The Federation Account Allocation Committee (FAAC) has shared a total sum of N722.677 billion to the three tiers of government…

1 year ago

NLC orders workers to protest at CBN offices over naira scarcity

The Nigeria Labour Congress (NLC) has ordered all workers to protest at the offices of the Central Bank of Nigeria…

1 year ago

Buhari removes 5% excise duty for telecoms services

President Muhammadu Buhari has approved the exemption of the digital economy sector from 5 per cent excise duty. The Minister…

1 year ago

CBN raises interest rate to 18%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to…

1 year ago

EFCC arrests NCAA top officials for N2bn DTA fraud

Four top officials of the Nigeria Civil Aviation Authority (NCAA) have been arrested by the Economic and Financial Crimes Commission…

1 year ago

FIRS signs MoU with UK’s revenue agency on capacity building

A Memorandum of Understanding (MoU) between Nigeria’s Federal Inland Revenue Service (FIRS) and the United Kingdom’s His Royal Majesty’s Revenue…

1 year ago

Naira scarcity: Poultry farmers lose over N30bn eggs ― Association

The Poultry Farmers Association of Nigeria (PAN) has declared that its members lost more than N30 billion worth of over…

1 year ago

Naira scarcity: States set to sue Malami, Emefiele over CBN’s partial compliance

Some state governments have concluded plans to reactivate the contempt charges filed against the Attorney General of the Federation (AGF)…

1 year ago

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