Banks reject deposits of old Naira notes by customers
Deposit Money Banks across the country yesterday began rejecting deposits of old naira notes (N1,000 and N500), after paying customers,…
FG approves N10 billion yearly for start-ups
The Federal Government yesterday said about N10billion has been set aside yearly for the implementation of activities that would boost…
Lagos, Kano get lion’s share as LGs share N2tn
Local Government Areas in Nigeria got N2.02tn from disbursed federal allocation in 2022. This came as LGAs in Lagos, Kano,…
DMO raises N1.2bn as March savings bond offer opens
The Debt Management Office (DMO) realised N1.2billion from the February Savings Bond offer even as it has opened the March…
Buhari seeks duty-free market access for least developed countries
President Muhammadu Buhari has called on developed and developing nations to grant duty-free and quota-free market access for products originating…
IMF to central banks: Stop financing excessive government debt
The International Monetary Fund (IMF) has urged central banks to refrain from monetising excessive government debt. Debt monetisation is when…
Anchor borrowers: CBN faults IMF’s poor rating
The Central Bank of Nigeria (CBN) has disclosed that N503bn representing 52.39 per cent has been repaid by farmers under…
CBN releases N114bn under 100-for-100 policy
The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the…
Naira redesign: Cash crunch hits hard on businesses, says report
The lingering struggle for cash has caused a sharp decline in business activities leading to steep reduction in output, with…
Investors Pull $6-Billion Out of Binance’s Stablecoin
Binance’s stablecoin, Binance USD, has seen around $6-billion of outflows following a US regulatory crackdown on the company that issues…