THE Central Bank of Nigeria may be under pressure to extend the deadline for old naira notes to cease being legal tender as bankers and customers push for the extension. The old notes are expected to be out of circulation…
THE World Bank, on Tuesday, cuts its economic forecast due to a “perilous” close to falling into recession. According to BBC, it expects the world economy to grow by just 1.7 per cent this year – a sharp decrease from…
Over 20 Deposit Money Banks on Monday began the implementation of the Central Bank of Nigeria’s new cash withdrawal limit policy across the country with bank customers expressing anger over the new rule. The Governor of the CBN, Godwin Emefiele,…
NIGERIA’s oil production in the month of December 2022 grew by 4.2 per cent month-on-month to 1.23 million barrels per day but remained significantly short of the 1.8 million barrels per day allocated to the country by the Organisation of…
AN Elder statesman, Chief Emmanuel Iwuanyanwu, on Sunday called on Igbo communities to boost the agricultural activities in their areas to address the issue of food inflation facing Nigerians. Iwuanyanwu stated this to newsmen in a meeting of the people…
A report by Money Africa has said that Nigerians need to get out of bad debts to survive the financial challenges in 2023. It noted that the residual effect of the pandemic, Russian Ukraine war and high inflation had affected…
THE Federal Ministry of Labour and Employment on Thursday said it was not yet aware of the plans made by a unit of the National Union of Petroleum and Natural Gas workers. The spokesperson for the ministry, Olajide Oshundun, made…
SHOPRITE workers in Warri, Delta State, on Saturday embarked on a peaceful protest against the management over alleged non-payment of their yearly bonuses thus shutting down the sprawling shopping mall located at Effurun roundabout business district, in the metropolis. Trojan.com.ng…
THE Central Bank of Nigeria has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira notes again. Instead, the apex bank directed the banks to load their Automated Teller Machines with only new notes to…
THE Petroleum Tanker Drivers branch of the National Union of Petroleum and Natural Gas Workers (PTD-NUPENG) has threatened to strike over “illegal activities and high-handedness of security agents, particularly the military task force operating in the union’s Port Harcourt zone.”…
