The Chief economist of KPMG Nigeria, Mr. Oyeyemi Kale, has predicted that the Central Bank of…
Category: Business/Economy
Fear of global financial crisis looms after collapse of two U.S banks
No less than $100 billion has been wiped off in banks’ value in the United States…
Banks resume payment of old Naira notes amid unresolved scarcity
Commercial banks have started paying customers with old Naira notes over the counter and via Automatic…
NCC fixes May 17 for Telcos to implement harmonized short codes
The Nigerian Communications Commission (NCC) has directed mobile network operators (MNOs) to commence implementation and fully…
Relief in Lagos as residents begin to accept old Naira notes across board
Lagos residents, on Tuesday, began to accept the old N200, N500 and N1,000 banknotes for transactions…
CBN bars agents from using PoS terminals for transactions
The Central Bank of Nigeria (CBN) has barred bank agents from using Point of Sale (PoS)…
NLC serves FG 7-day ultimatum to address cash crunch, petrol scarcity
The Nigeria Labour Congress (NLC) plans to order workers to sit at home if in seven days the…
Finally, CBN directs banks to comply with Supreme Court order on cash swap
The Central Bank of Nigeria (CBN) has finally directed Deposit Money Banks to comply with the…
Buhari didn’t ask Malami, Emefiele to disobey Supreme Court order on cash swap, says Presidency
The Presidency has absolved President Muhammadu Buhari of any blame over the apparent hesitance by the…
Sanwo-Olu asks Lagos residents to accept old N500, N1000 notes
Lagos State governor, Mr. Babajide Sanwo-Olu, has urged business owners, especially retailers, to accept the old N500…