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Friday, May 17, 2024

Economy

Ex-finance minister, Idika Kalu blames CBN for new naira crisis

A former Minister of Finance, Dr. Idika Kalu, has faulted the logistics of the Central Bank of Nigeria for the crisis that has characterized...

On Emefiele’s Naira Bedlam and how he will be remembered

Godwin Emefiele is on his way to becoming the most infamous Central Bank governor in the history of Nigeria. His naira swap policy is...

NNPCL to drill for Oil in Nasarawa March, says Group CEO

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, announced on Thursday that the oil firm would commence...

Naira Crunch grand plot to scuttle elections, install interim govt, says El-Rufai

The Kaduna State Governor, Nasir El-Rufai, on Thursday described the current scarcity of naira notes as part of an alleged plot to disrupt the...

Old N500, N1000 notes no longer legal tender –Buhari

The President Muhammadu Buhari has said that the old N500 and N1,000 banknotes are no longer legal tender in the country. The president made this...

N2.1trn hoarded old banknotes have been retrieved- Buhari

The President, Muhammadu Buhari has disclosed that out of the banknotes held outside the banking sector, N2.1 trillion had been successfully retrieved since the...

New Naira: El-Rufai explains why governors reject FG’s plea to withdraw suit at Supreme Court

The Governor of Kaduna State, Mallam Nasir El-Rufai, revealed on Wednesday, that the Federal Government had made overtures to governors, seeking the withdrawal of...

FG to repair Warri, Kaduna refineries

The Nigerian National Petroleum Company Limited has said that the rehabilitation of three refineries in the country which it has embarked on would reduce...

FEC approves, projects to earn $235m from e-tracking

The Federal Executive Council, FEC, on Wednesday, approved the installation of Electronic Cargo Tracking Notes for seaports nationwide. It said the ECTN would tackle several...

Old naira notes still legal tender – Supreme Court

The Supreme Court on Wednesday affirmed the validity of the use of old 200, 500, and 1000 naira notes. The apex court maintained that the...

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