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Nigerian Central Bank to Rename Official Forex Market as Nigerian Foreign Exchange…
The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, announced that the official foreign…
Central Bank of Nigeria Raises Benchmark Interest Rate to 18.75% Amidst…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to increase the benchmark…
BREAKING: CBN increases interest rate to 18.5%.
The Central Bank of Nigeria's Monetary Policy Committee unanimously voted to raise its monetary policy interest…
Niger Delta Community Threatens $1 trillion Lawsuit Against IOC, FG.
The host community of oil and gas in the Niger Delta has pledged a trillion-dollar against oil companies and the…
Strike: Aviation Workers Threaten Total Shutdown.
As the second day of their strike begins, aviation workers have threatened to close the nation's airports if the…
Aviation Workers to Delay Flights, Airports Today.
As aviation unions promised on Sunday to start a two-day warning strike on Monday, chaos may erupt at airports…
N’Assembly Demands Jail Time for Those Who Advocate Ponzi Schemes.
The Investment and Securities Bill, which might result in jail time for people in Nigeria who advocate Ponzi…
Lawmakers Call Finance Minister, AGF, Others Over Whistleblower Policy, $2.4…
The Attorney General of the Federation, Abubakar Malami, the Secretary to the Government of the Federation, Boss…
CBN Raises Interest Rate To 18%, Retains Other Parameters
The Central Bank of Nigeria's (CBN) policy-setting committee increased the monetary policy rate (MPR), which…
Tinubu Declared The Winner Of The Presidential Election By INEC.
After receiving 8,794,726 votes to win the 2023 presidential election, Bola Ahmed Tinubu, a former governor of…
Gunshots And Explosions Shake Rivers Radio And TV Stations
In Ozuoba, in the Obio/Akpor Local Government Area of Rivers State, gunmen assaulted a prominent radio station,…
Emefiele Explains Redesign As Naira Crisis Intensifies
The Central Bank of Nigeria failed to clarify the legal tender status of the old notes, which made the problem…
Congestion As Two Containers Crash From The Mile 12 Bridge
Ikorodu Road is blocked as a result of two containers slipping off the back of a trailer on the Mile 12 bridge…
CBN Maintains a February 10 Deadline For The New Naira.
The deadline of February 10, 2023, wasn't necessary, according to Godwin Emefiele, Governor of the Central Bank of…
Breaking: IPMAN Orders Members to Halt Operations and Shutdown Fueling Facilities.
According to reports, the Independent Petroleum Marketers Association of Nigeria (IPMAN), which represents oil…
FG Supports NEPZA’s Initiative to Designate Universities as Economic Zones
The expedited efforts by the Nigeria Export Processing Zones Authority (NEPZA) to designate willing universities…
Elon Musk Releases Starlink in Nigeria At A Discount
Nigeria is the first nation in Africa to benefit from Elon Musk's satellite business, SpaceX, which is now open to…
After The Deadline, Banks Would Still Accept Old Notes — Emefiele
Commercial banks in Nigeria will still accept old naira notes from customers after the February 10 deadline, the…
After Moody’s Downgrading, Investors Sell Off Nigerian Bonds.
According to the report, "Nigeria's sovereign-risk premium jumped the most in three months after Moody's Investors…
Nigeria’s New Naira: Racketeering Thrives In Abuja And Other States
In Abuja, the nation's capital, Lagos, Anambra and other states, black marketers were observed selling the new…
AFDB is Planning a $1.5 billion Food Facility For Nigeria And Other Countries
The African Development Bank has said it has put in place a $1.5bn emergency food production facility to support…
The CBN Has Agreed To Extend Exchanging Old Naira Notes By Ten Days.
CBN governor Godwin Emefiele in a statement said the new deadline is February 10, 2023. Emefiele made the…
The Central Bank of Nigeria has increased interest rates to 17.5%.
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by…
CBN Bans Abuja and Lagos PoS Operators for Cash Swap.
Mobile money/Point of Sales agents in Abuja and Lagos have been cut off from the Central Bank of Nigeria's…
Nigeria: FG wants the London Court to Reverse $11 billion in Damages.
Nigeria was the target of "a campaign of bribery and fraud" regarding a failed gas processing project, its…
Usain Bolt Lost $12 million in Savings as a Result of a Scam.
Usain Bolt, a Jamaican Olympic sprinter, was astonished to find $12 million gone from an account he had with…
Chevron Suing Rita Lori and Others for N300m in Legal Costs.
Rita Lori Ogbebor and other individuals have been brought before the Delta State High Court in Warri by…
CBN: Banks are free to use ATMs to Pay Any denomination.
The Central Bank of Nigeria (CBN) may have rescinded its earlier order prohibiting banks from loading higher…
CBN Plans to Decrease Cash-based Transactions by 2025.
According to the Central Bank of Nigeria, when more of the new naira notes enter the economy in 2025, the use of…
Breaking: New revised Cash Withdrawal Limit By The Central Bank Of Nigeria.
According to the CBN memo released today 06 December 2022, the Central Bank Of Nigeria has revised its cash…